Bernie Sanders wants to tax companies whose workers rely on public assistance
Share Now on:
Sen. Bernie Sanders introduced a bill on Wednesday that would tax companies for any public assistance dollars their workers receive, like food stamps or Medicaid money. It’s called the Stop Bad Employers by Zeroing Out Subsidies, or Stop BEZOS Act — a not-so-subtle jab at Amazon’s CEO Jeff Bezos. The goal is to incentivize companies to pay higher wages. University of California, Berkeley’s Labor Center estimates that more than $150 billion in taxes goes to help low-wage employees make ends meet each year. But critics aren’t so sure about the bill’s strategy.
Click on the audio player above to hear the full story.
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?