Finally a Bernie Sanders Idea We Can Get With: The 'Bezos Act'
On Wednesday, Senator Bernie Sanders suggested new legislation to tax big corporations for any federal benefits that their employees receive. It was named by Sanders the "Stop Bad Employers by Zeroing Out Subsidies", or BEZOS Act - a reference to Amazon CEO Jeff Bezos.
Amazon isn't the only corporation known for paying low wages that force their employees to rely on government assistance: Walmart has also been accused of doing the same, as well as many fast food establishments. These large corporations are also known for employing part time workers that do not quailify for benefits that would be partially paid for by the employer. As a result, those employees must turn to government programs to make ends meet.
The bill would charge a 100% tax on companies equal to the benefits their employees are receiving from public assistance programs including Medicaid, Section 8 housing, the Supplemental Nutrition Assistance Program and the National School Lunch and School Breakfast programs. Corporations with more than 500 employees would be charged the tax aimed at forcing them to pay a living wage.
The bill makes a lot more sense than a minimum wage hike, in our opinion.