Yesterday on CNBC’s Squawk Box, I outlined my proposal to expand the ownership society and rebuild the middle class.
The SHARE Act proposes that if companies distribute at least 5% of their stock to the lowest-paid 80% of their workers, the company would receive a 3% corporate tax break.
It’s a win-win. We can make sure that when a company does well, its employees also do well. Because whether you’re a left-wing liberal or a right-wing conservative, we should all be able to agree that in America, everyone should be able to own a house, pay for health care, send their kids to college, and retire without being scared. That’s the American Dream.
Tom Suozzi is the Representative for New York's 3rd Congressional District. He is a former Nassau County Executive and Mayor of Glen Cove. Tom has committed his 30-year public service career to delivering for his constituents. His philosophy of working with anyone who shares his goal of solving problems and delivering for his constituents has guided his career and led to notable accomplishments on issues including immigration, environmental protections, common-sense gun reform, caring for our veterans, affordable healthcare, and fiscal responsibility.