📣 March 17 at 11 AM - The Income and Wealth Inequality Crisis in America

[Donkees]

Senate Budget Committee
Full Committee Hearing
Date: Wednesday, March 17, 2021
Time: 11:00 AM
Location: SH 216

Check back for live video of this hearing.
At this link:➡️ https://www.budget.senate.gov/hearings/the-income-and-wealth-inequality-crisis-in-america



To consider: The Income and Wealth Inequality Crisis in America

Witnesses:
Mr. John Lettieri
President and Chief Executive Officer Economic Innovation Group

Ms. Jennifer Bates
Amazon Worker Bessemer, Alabama Fulfillment Center

Dr. Scott Winship
Resident Scholar and Director of Poverty Studies American Enterprise Institute

Ms. Sarah Anderson
Global Economy Program Director, Institute for Policy Studies.

The Honorable Robert B. Reich
Goldman School of Public Policy University of California, Berkley

[rgbecker]

1. Thanks Donkees and a kick.

[Donkees]

2. Robert B. Reich: How We Can Build An Economy That Works For All Of Us

Mar 16, 2021

Tomorrow Robert Reich will join the Senate Budget Committee to testify about the soaring income and wealth inequality crisis in America and how we can build an economy that works for all of us.

[crickets]

3. K&R for visibility.

[Donkees]

4. 'Please tune into the live hearing here or on the Senate Budget Committee website.'

Chairman @SenSanders has announced that on Wednesday, March 17 the Senate Budget Committee will hold a hearing on income and wealth inequality in America at 11:00 AM. Please tune into the live hearing here or on the Senate Budget Committee website.

Link to tweet

[Donkees]

5. Bernie Sanders Targets CEO Pay in Effort to Keep Spotlight on Workers

Under Bernie's new bill:

Walmart, which pays its CEO nearly 1,000 times more than its average worker, would pay up to $855 million more in taxes.

CVS, which pays its CEO 790 times more than its average worker would pay up to $450 million more in taxes.

Link to tweet

Bernie Sanders Targets CEO Pay in Effort to Keep Spotlight on Workers
Progressive senator’s proposals face resistance in closely divided Congress

March 17, 2021 5:00 am ET


Excerpt:

Sen. Bernie Sanders is using his new perch as Budget Committee chairman to try to keep Congress focused on measures designed to improve worker pay and job conditions, even as related legislation including a $15-an-hour minimum wage has stalled.

The Vermont senator is set to introduce legislation Wednesday that would seek to apply an additional tax on corporations where the CEO is paid more than 50 times the median worker. The proposal is among a handful of policies that the progressive ran on during his 2020 presidential campaign and is now pushing from atop the committee, where he can schedule hearings and call witnesses to testify.

Mr. Sanders’s panel is also holding a hearing Wednesday focused on wealth and income inequality, which will include testimony from an Amazon.com Inc. worker trying to unionize at a fulfillment center in Alabama. The senator said he plans to hold another hearing later this month on corporations’ tax obligations.

“I intend to talk about the most important issues facing working families,” said Mr. Sanders in an interview, adding that some of the measures he pursues as chairman overlap with those he pushed during his two presidential campaigns. “Right now, I happen to believe that this country is on its way to an oligarchy.”

https://www.wsj.com/articles/bernie-sanders-targets-ceo-pay-in-effort-to-keep-spotlight-on-workers-11615971600?

[Donkees]

6. Jeff Bezos, the richest person on the planet, won't be joining our hearing this morning ...

Jeff Bezos, the richest person on the planet, won’t be joining our hearing this morning on income and wealth inequality. But Jennifer Bates, who works at an Amazon warehouse in Alabama, will testify about the need to build an economy that works for all of us.

Link to tweet