From Justice Democrats <[email protected]>
Subject Summer Lee’s new bill to raise wages and cut taxes for working-class people
Date October 4, 2024 5:49 PM
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[1]Justice Democrats





The American economy is rigged against working-class
people, John.

While the costs of living have skyrocketed, the federal minimum wage has
remained stagnant at $7.25 an hour since 2009, leaving workers with less
money to afford to get by. In the United States, 40 percent of households
can’t afford basic necessities like a roof over their heads, food, and
healthcare.

Income inequality is currently at a 100-year high, with our broken tax
system letting millionaires and billionaires pay less than working
families.

That’s why Justice Democrats Rep. Summer Lee just introduced the American
Stability Act—the largest wage increase and tax cut for working families
in U.S. history. [ [link removed] ]Add your name to show your support →

This bill would stop putting billionaires before working people by:

* Immediately increasing the federal minimum wage to $15 an hour, then
increasing it by 10% annually until it reaches $20/hour in 2024
dollars. After that, the stability wage will automatically adjust
every year based on inflation and other factors;

* Creating a Cost-of-Living tax exemption that would prevent basic
living expenses up to the stability wage from being taxed by the
federal government;

* Reforming the tax code so that tax brackets automatically adjust with
wage growth, maintaining fairness over time, while imposing a 3%
surtax on incomes over $1 million and a 5% surtax on incomes over $15
million to ensure the wealthiest few pay their fair share.

This is exactly the kind of bold change we need to unrig our broken system
and achieve economic justice for working families, but it’s going to take
a ton of public pressure to build the Congressional support needed to pass
it into law.

[ [link removed] ]Will you sign on as a citizen cosponsor of Summer’s bill to finally
create a livable minimum wage and a fair tax system for all across the
country?

[ [link removed] ]Sign On

In solidarity,

Justice Democrats




 




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Lancaster PA 17603
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