Tuesday, March 17, 2020

If corporate America wants bailouts, Dems better force a lot in return

1000% correct.



The only thing Democrats should be asking for in a legislative package today is this.

1. Paid sick leave for every worker in America.

2. Funded by a dollar-for-dollar rollback in the corporate tax cuts that were done by the GOP Tax Scam.

3. With tax credits for companies that give paid sick leave to employees making under $50,000/ $25 an hour as of April 1, 2020.

4. Extended unemployment benefits and the removal of all barriers and extra paperwork that ALEC states like Wisconsin have put in place to keep people from receiving such benefits.

Any stabilization/bailout that comes to industries such as airlines, retail and food service that will be forced into cutbacks due to the lack of business resulting from this crisis must come with massive strings attached.

1. The only debt these companies can take on must be used to retire older, more expensive debt.

2. No stock buybacks for several years, or else any bailout funds are repaid to the Treasury IMMEDIATELY.

3. Public documentation from any companies that receive bailout funds showing what they spent their money on from December 2017 (when the GOP Tax Scam was passed) to March 2020. And it must be recevied before they get a dime. Make the public see just how much these companies blew on debt and stock buybacks, and haul them up to Capitol Hill and make them answer for why they chose those priorities over investing in their companies and employees.

Instead, we see the Social Security-eligible House leadership of House Democrats caring more about "getting something done" short-term over doing something that would lead to real change and an actual improvement in the way this country does business.





EDIT- And it is especially absurd for any politician to consider cutting the payroll tax and gutting Social Security as a way to "help."

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