Continuing on the idea of “theme days” for my posts I thought I would make Wednesday the day I would post an item of concern to the labor movement and working families.
Today I thought I would highlight class inequity and direct your attention to two articles, one at the state level and one at the federal level.
Why NYSUT, economists and most New Yorkers are calling for a more progressive income tax plan. I have written before about the need to restore New York’s progressive income tax structure and continue to feel strongly about this issue. How can our government expect working families to shoulder the financial burden of the state while the wealthy get a free pass? I feel that until Paterson puts the progressive tax plan on the table that there should be no negeotiations or concessions.
Obama caps executive pay tied to bailout money. This should have been done from the start. The fact that CEO compensation has grown exponentially while the workers have taken cuts needs to be rectified, but if a company needs a bailout that CEO should not be rewarded. Personally, I would like to see bailout CEO comensation capped at the average level of pay the everyday worker gets.
