A Closer Look: Young people need the Working Americans’ Tax Cut Act
As a still-young (kinda) person myself, and the mother of a young person who will be starting his college journey next year, I worry a lot about what we are doing—and more importantly, not doing!—to ensure that young people still have a chance at the American Dream.
It's only been five weeks, but the good news on unions just keeps piling up—so much so that we feel we are in for a repeat of the summer of 2023. You may remember that was what organizers called “Hot Labor Summer,” given the historic victories that unions notched for workers across a variety of industries.
Here are a few of the ways that the Working Americans Tax Cut Act, or WATCA for short (S. 4083/HR 7937) provides a boost to hardworking low-income households while avoiding the pitfalls of other proposals.
We saw the interview that you gave last week to Andrew Ross Sorkin on CNBC’s “Squawk Box,” and wanted to respond to some of the things you said that relate to our three-pronged mission to tax the rich, pay the people, and spread the power. There are places we agree, and areas we do not. We hope that you will approach this letter with an open mind, and consider joining us in our work.
Congress needs to step in here, and pass new legislation which either makes the NLRB have a quicker decision-making process or specifically determine the criteria for getting an injunction to protect workers. Any decision that takes years is essentially justice denied because workers at places like Starbucks have almost surely moved on to some new employment in the meantime, and might not even want to work at their old companies anymore.
We’ve known for a while now that our desire for lawmakers around the world to raise taxes on wealthy people like us isn’t fringe. But now, we officially have the numbers to back it up – and a blueprint for how international leaders can institute minimum standards for taxing the global rich.
