Sanders rolls out ‘Bezos Act’ that would tax companies for welfare their employees receive – MarketWatch

Sanders rolls out ‘Bezos Act’ that would tax companies for welfare their employees receive – MarketWatch

Not so subtly, it was named by Sanders the Stop Bad Employers by Zeroing Out Subsidies, or BEZOS Act. Jeff Bezos is the founder and chief executive of Amazon. (The House version is called the Corporate Responsibility and Taxpayer Protection Act of 2017.)

The bill would establish a 100% tax on companies equal to the benefits their employees are receiving. Covered public assistance program include Medicaid, Section 8 housing, the Supplemental Nutrition Assistance Program and the National School Lunch and School Breakfast programs, for companies with more than 500 employees.

In a brief press conference, Sanders said Amazon is doing “phenomenally well” and said Bezos could send a profound message by paying all of its employees a living wage.

via Sanders rolls out ‘Bezos Act’ that would tax companies for welfare their employees receive – MarketWatch