{"id":112504,"date":"2019-01-26T09:13:05","date_gmt":"2019-01-26T14:13:05","guid":{"rendered":"https:\/\/www.thevwindependent.com\/news\/?p=112504"},"modified":"2019-01-26T09:13:13","modified_gmt":"2019-01-26T14:13:13","slug":"brown-introduces-worker-investment-bill","status":"publish","type":"post","link":"https:\/\/thevwindependent.com\/news\/2019\/01\/26\/brown-introduces-worker-investment-bill\/","title":{"rendered":"Brown introduces worker investment bill"},"content":{"rendered":"\n

VW independent\/submitted information<\/em><\/p>\n\n\n\n

WASHINGTON — U.S. Senators Dick Durbin (D-Illinois) and Sherrod Brown (D-Ohio) introduced a pair of bills to encourage corporations to invest in their workers.\u00a0The\u00a0Patriot Employer Tax Credit Act\u00a0would provide a tax credit to companies that provide fair wages and good benefits to workers.\u00a0 <\/p>\n\n\n\n

This is the first bill introduced by Durbin in the 116th Congress. The\u00a0\u201cCorporate Freeloader Fee\u201d\u00a0would levy a fee on large mega-corporations that are often extremely profitable, yet pay their workers poorly.\u00a0<\/p>\n\n\n\n

\"\"
Sherrod Brown<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n

\u201cIn America, if you work full-time you should be able to support your family — you should be paid a living wage, have access to quality health insurance and paid leave, and be able to save for retirement,\u201d said Durbin. \u201cHowever, far too often, employers are more focused on returning profits to their wealthy shareholders and executives than doing the right thing for the American workers and the American communities they rely upon.\u201d <\/p>\n\n\n\n

\u201cWe should reward companies that exemplify American values by treating their workers fairly and keep jobs here in our country,\u201d Durbin added. \u201cI thank Senator Brown for championing this issue with me.\u201d<\/p>\n\n\n\n

 \u201cThe President\u2019s tax law rewards Wall Street and corporations that ship jobs overseas at the expense of American workers,\u201d Brown said. \u201cThese bills will put workers first and encourage companies to invest in good-paying American jobs.\u201d <\/p>\n\n\n\n

Under the Patriot Employer Tax Credit Act, patriot employers would receive a tax credit up to $1,500 per employee if they meet the following criteria: <\/p>\n\n\n\n

  • Invest in American jobs: Maintain headquarters in the U.S. if the company has ever been headquartered in America, maintain or increase the number of workers in the U.S. compared to the number of workers overseas and independent contractors, and has not inverted to avoid U.S. taxes.<\/li>
  • Pay fair wages: Pay at least 90 percent of U.S. workers an hourly wage equal to 218 percent of federal poverty for an individual (about $15\/hour).<\/li>
  • Provide quality health insurance: Offer Affordable Care Act compliant health care to employees.<\/li>
  • Prepare workers for retirement: Provide 90 percent of non-highly compensated U.S. employees a defined benefit plan or a defined contribution plan and contribute at least 5 percent of worker compensation.<\/li>
  • Support U.S. troops and veterans: Pay the difference between regular salary and military compensation for all National Guard and Reserve employees called for active duty and have a plan in place to recruit veterans.<\/li>
  • Create a diverse workforce: Have a plan in place to recruit employees with disabilities.<\/li>
  • Support working families: Provide paid sick or family and medical leave to fulltime employees.<\/li><\/ul>\n\n\n\n\n\n\n\n

    In recognition of the different business circumstances that small employers face, companies with fewer than 50 employees could qualify for the tax credit by fulfilling a subset of these criteria.<\/p>\n\n\n\n

    The Patriot Employer Tax Credit Act is endorsed by Communications Workers of America (CWA) and Economic Policy Institute.<\/p>\n\n\n\n

    The \u201cCorporate Freeloader Fee\u201d applies only to mega-corporations who file at least $100,000 in payroll taxes with the IRS daily for at least 180 days straight. The legislation levies a fee based on the number of employees at a company who earn less than 218 percent of the federal poverty rate for an individual.  The fee increases as the percentage of a company\u2019s workforce that earns less than a living wage goes up. Companies can reduce fees by providing health care benefits and making contributions to employee retirement plans.<\/p>\n","protected":false},"excerpt":{"rendered":"

    VW independent\/submitted information WASHINGTON — U.S. Senators Dick Durbin (D-Illinois) and Sherrod Brown (D-Ohio) introduced a pair of bills to encourage corporations to invest in their workers.\u00a0The\u00a0Patriot Employer Tax Credit Act\u00a0would provide a tax credit to companies that provide fair wages and good benefits to workers.\u00a0 This is the first bill introduced by Durbin in […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-112504","post","type-post","status-publish","format-standard","hentry","category-business"],"publishpress_future_action":{"enabled":false,"date":"2026-06-12 22:50:21","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/posts\/112504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/comments?post=112504"}],"version-history":[{"count":0,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/posts\/112504\/revisions"}],"wp:attachment":[{"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/media?parent=112504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/categories?post=112504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thevwindependent.com\/news\/wp-json\/wp\/v2\/tags?post=112504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}