Job Guarantee Program and New Financial Transaction Tax
This act establishes a federal grant program to guarantee employment for adults in areas facing high unemployment. These guaranteed jobs must offer a minimum wage of $17 per hour, paid sick and family leave, and health insurance benefits. The program is funded by introducing a new, small tax (0.1%) on most financial trading transactions, including stocks, bonds, and derivatives.
Key points
Job Guarantee: Any adult (18+) in a participating area who applies will be provided with employment.
High Labor Standards: Guaranteed jobs must pay at least $17 per hour and include paid sick leave, paid family leave, and health insurance comparable to federal employee plans.
Funding Mechanism: A new 0.1% tax is imposed on the value of most financial trading transactions (stocks, bonds, derivatives) to finance the job program.
Worker Support: The program provides paid training, career development, and supportive services like childcare and transportation assistance.
Status:
Expired
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