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“I believe this is the defining challenge of our time: Making sure our economy works for every working American.” - President Barack Obama, State of the Union, January 28, 2014
Yes it is. Through a budget with fairer taxes and a commitment to making real investments in America, the President is beginning to put muscle behind those words.
Our nation needs Washington to engage in a broader conversation about full employment and raising wages. And President Obama’s proposals to invest in jobs, raise the minimum wage, expand the EITC, close tax loopholes for the wealthy and provide access to universal pre-kindergarten are good starting points to seriously address inequality.
However, we cannot afford cuts to Medicare beneficiaries or elimination of a separate program for workers who lose their jobs due to trade. Furthermore, to best address income inequality we must ensure that all workers – union or not – have the power to collectively bargain with their employers to get their fair share of the wealth they help create.
Ultimately,this is a turning point away from harmful austerity policy towards a future of shared prosperity. And it’s a future working people will fight for. We applaud the president.
Contact: Josh Goldstein 202-637-5018