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New House Bill Would Tax Wall St. Windfalls to Guarantee Good Jobs
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July 7, 2020 | JOBS | The pandemic has claimed nearly 15 million U.S. jobs. Meanwhile, high flying financial traders are making a killing off the market volatility caused by the crisis. A new House bill would tax Wall Street windfalls to guarantee good jobs for people in high unemployment areas. The Workforce Promotion and Access Act would ensure employment in jobs that pay at least $15 per hour with benefits and address local needs, such as childcare, eldercare, and infrastructure. “Working people who stand up to corporate bosses and get fired as a result face loss of income, loss of housing, loss of medical care, and food insecurity,” Erica Smiley, Executive Director for Jobs with Justice, said in a press release. “The Workforce Promotion and Access Act blunts the threat of firing and allows working people to demand a role in our economic system.”… Truthout
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