We need to address our nation's economic inequity before it's too late.
| Democratic Values is dedicated to supporting candidates who stand strong on their Democratic principles and stand up to the MAGA far-right extremists tearing apart our country. If you really want to receive only our most urgent emails, click here. If you'd like to stop receiving these messages, you may unsubscribe. |  | | Jason — America's workers are the foundation of all of our economy and essential to all successful businesses. That's why their compensation, both wages and benefits, must be prioritized by companies. For the last five decades, the benefits of our economy have consistently flowed to the top 1% while wages for workers have plateaued. Today, more than 40% of working Americans make less than the median cost of living for a single adult with no children. More than 70% of Americans make less than the median cost of living for a single adult with one child. It's clear that the bottom has fallen out of the wage floor, and middle class workers have been left behind by our economic system and institutions. And in recent years, our tax system was rewritten by Donald Trump to benefit the uber-wealthy even more. That's why Rep. Summer Lee (D-PA12) has decided to take action: she's introduced the American Stability Act, which would address economic inequity and work towards a tax system that benefits everyday Americans. Sign on now to become a citizen co-sponsor of the American Stability Act. We need your help to get this passed. This proposed legislation would address our nation's economic issues in five major ways, by: - Establishing a Cost-of-Living Exemption for federal taxes equal to the median cost of living for a single adult with no children ($40,000/per year). The tax benefit would be phased out at 200% of the Cost of Living Exemption.
- Shifting the responsibility for the lost revenue onto taxpayers making more than $1 million a year by implementing a 3% surtax on incomes over $1 million, and an additional 5% surtax on annual earnings over $15 million.
- Formally replacing the federal 'minimum' wage with a new Cost of Living Wage calculated as the median cost of living for a single adult with no children ($20/per hour).
- Indexing the Cost of Living Wage to either annual inflation or to the increase in the average wage for all workers (whichever is higher).
- Eliminating most exceptions to wage law which allow employers to pay some classes of workers less than others (ex. disabled workers and "tipped" workers).
If our economic system remains the same, equality will increase exponentially over time. The rapidly growing global economy and the emergence of new technology around the world virtually guarantees that our nation will be left in the dust if we don't address this issue now. Sign on right now to show your support for the American Stability Act. Thank you, Democratic Values | | Paid for by Democratic Values PAC Democratic Values PAC
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