[1]Ro Khanna





Working families are often told that they should keep at least three
months of savings on hand for a rainy day. When you’re making minimum
wage, that’s a lot easier said than done.

And now in the COVID-19 crisis, we’re learning that there’s a double
standard at play here. Many major companies didn’t even have three weeks
of savings on hand to cover payroll, let alone three months.

Yet, some of these very same companies were spending millions on stock
buybacks instead of saving up for an economic downturn. Now, we have to
pick up the bill.

[ [link removed] ]If we bail these companies out, then we need to be sure that they don’t
turn around in good times and only reward their stockholders. Sign your
name to join our call to ban stock buybacks.

Sign your name

Our relief bill already prohibits companies from using taxpayer money for
stock buybacks. But when all of this is over, they’re still allowed to
direct cash towards buybacks instead of building a payroll reserve.

Boeing spent over $43 billion on buybacks over the last 10 years. That’s
money going mostly to wealthy stockholders, not investing in their
workers.

[ [link removed] ]Let’s make sure we don’t repeat the mistakes of the past. Sign your
name to join our call to ban corporate stock buybacks.

Thanks for taking action today,

Ro Khanna

[ [link removed] ]Sign your name




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PO Box 3513, Santa Clara, CA 95051