How Bernie Sanders would give power to workers in their companies

as he was off the campaign trail recovering from a heart attack. He participated in a union-sponsored candidate forum Sunday via video, and said he will attend Tuesday’s Democratic debate.Sanders wants to provide workers with an ownership stake in their businesses: Under his proposal, employees at large companies would be given 20 percent of the shares. They would also have control of 45 percent of the seats on the board of directors at corporations.

Sanders’ agenda would also raise the corporate tax from 21 percent to 35 percent, which was the rate before the Republicans passed the 2017 tax cut. He vows to review the mergers approved by President Donald Trump’s administration and undo any that were “improper,” lays out a proposal to combat offshore tax havens, and promises to treat large stock buybacks “like stock manipulation” as well.

Sanders’ aides estimated that Amazon would have paid as much as $3.8 billion in taxes last year if his policies had been in effect.Companies that meet Sanders' guidelines — ones that are publicly traded or bring in $100 million or more in annual revenue — would be required to give at least 2 percent of their stock to their employees every year, until they reach 20 percent.

Those businesses would also need to put aside 45 percent of their corporate board seats to be elected by the company's employees. Sanders would also create a $500 million "U.S. Employee Ownership Bank" that would give loans to workers who want to buy their businesses.Conservatives say that raising the corporate tax would eliminate jobs, reduce wages and hurt the economy.Earlier this year, Elizabeth Warren released a plan to require that 40 percent of seats on corporate boards be elected by workers.

You can't take the socialist out of this old idealist.

You will have no power if Bernie gets elected!

NeverSocialism

Might as well include in the headline. When Corporations will flee the US.

No .. how any Dem will increase the power of Government control of our lives.

Capitalism is Socialism for Gangsters. That's all. Bernie2020 GreenNewDeal MedicareForAll

Hugo Chavez has the same plan in Venezuela. Perhaps Bernie should travel there and see how it’s working out.

how will he legally take companies away from the owner/shareholders to give to employers? when the company shows a loss will the employees also lose money?

If you work for a paycheck, you would be a fool not to support and vote for BernieSanders2020 If you're a trust fund baby livi G on Welfare for the 1% who never had to work a day in your life, you'll do all you can to subvert him.

Why do Democrats always take from someone and give it to someone else and then feel like they worked hard?

Our mission at is to build the social media platform that ends fake news

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Under Bernie Sanders' employee ownership plan, workers can buy their companyDemocratic presidential candidate Senator Bernie Sanders released his proposed Corporate Accountability and Democracy Plan, which would gradually transfer 20 percent of major companies to employees. BernieSanders This is insane. BernieSanders Why should it be different from our government? BernieSanders Oy! 🤦‍♀️
Source: Newsweek - 🏆 468. / 52 Read more »

Bernie Sanders wants to give workers an ownership stakes in big companiesThe proposal would guarantee workers eventually take control, through the issuance of new stock, of 20% stakes in the country's largest companies, while mandating that employees elect 45% of corporate boards of directors. And this is why Bernie Sanders would be a disaster as President. Exposecnn tick tock... Never happening.
Source: CNN - 🏆 4. / 95 Read more »