You are hereTruthout: US Uncut's Anti-Austerity Protests Hit Bank of America

Truthout: US Uncut's Anti-Austerity Protests Hit Bank of America


February 28, 2011- Anna Becker looks tired. Becker is leaning against the brick wall beside the entrance to Bank of America's Pearl District branch in Portland, Oregon, where one of over 50 nationwide protests by US Uncut has been underway for nearly two hours.

But Becker, a retired teacher, is just as energized as the protesters at the front of the crowd of about 60, who spill into the street and draw long, loud honks from the stream of cars driving toward the Willamette River.

"I have been waiting for 20 years for something like this to happen in America," says Becker. The words she has spoken in private for years are now plastered onto the canary yellow poster board she holds up like a shield: "B of A is al-Qaeda: financial terrorists."

Bank of America (B of A) is the first corporation to be targeted by US Uncut, the transatlantic offspring of the United Kingdom-based anti-austerity group UK Uncut, which held its first demonstration to protest corporate tax evasion in late 2010.

As a voice at the megaphone of the Portland protest said, "The United States does not have a deficit problem. The United States has a revenue problem." According to a 2008 report by the Government Accountability Office, 25 percent of the biggest corporations pay no federal income tax. B of A, the recipient of $45 billion in bailout funds, shuttles its would-be tax dollars into 115 offshore tax havens. Meanwhile, budget deficits are cited as justification for pay freezes for public workers and cuts to heating assistance programs, Social Security, and other social safety nets.

"The $3 in my wallet is more than ExxonMobil, GE and Bank of America paid in taxes last year, combined," said Carl Gibson, founder of the first American Uncut group, US Uncut Mississippi, in a release prior to the February 26 protests.

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