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.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.