Don't Let Companies Hoard Their Cash
Right now in this country, more than 26 million Americans are unemployed, underemployed or have just given up looking for work. Meanwhile, corporations are sitting on $2 trillion in cash. That just isn't right.
The working families who have shouldered the biggest burden throughout the recession are still struggling. Corporations need to step up and do their part to help us recover by using their massive cash reserves to put people back to work.
Corporate America is experiencing it's own private recovery, with record profits and exploding bank accounts. It has the money to start hiring and spread the recovery to the rest of us. But so far they are unwilling in invest in jobs.
Companies shouldn't be allowed to keep this money. Urge your state legislators to pass a "Hoarder's Tax" to make businesses either pay a small tax on their liquid assets or invest it to jump start our economy.
Dear [Decision Maker],
More than 26 million Americans are unemployed, underemployed or have just given up looking for work. Meanwhile, corporations are sitting on $2 trillion in cash. Companies shouldn't be sitting on these giant reserves, they should be using it to help our economy recover by putting people back to work.
I urge you to support a "Hoarder's Tax" that would asses a small tax companies' liquid assets to encourage them to start spending it to create jobs. The money raised from this tax would be earmarked for job creation, so either way, our economy gets a jump start.
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Corporations have had their own private recovery with record profits and burgeoning bank accounts. It's time they did their fair share to make sure working families feel the recovery too. Please pass a "Hoarder's Tax" to encourage businesses to invest in American jobs.
