Progress Illinois recaps two separate May Day demonstrations that took place Friday, including a protest by the "May Day Radical Coalition" and a rally at the Haymarket Memorial with workers and labor leaders.
SEIU and franchisees launched a new campaign Thursday called "We Are Main Street" that will push for reforms to the U.S. franchise industry. Progress Illinois details why the labor group and franchisees have formed this unusual partnership.
Experts from the Economic Policy Institute (EPI) argue that the U.S. economy could well afford a federal minimum wage increase to $12 an hour by 2020 -- a proposal that could impact nearly 38 million workers.
EPI researchers make their case for a $12 minimum wage in a report released Thursday, the same day the new "Raise the Wage Act" was introduced to Congress by U.S. Sen. Patty Murray (D-Washington) and U.S. Rep. Bobby Scott (D-VA,3).
Under the Raise the Wage Act, the federal hourly minimum wage would go up gradually from the current figure of $7.25 to $12 by 2020. Raise the Wage Act proponents are taking to social media Thursday afternoon for a "Twitterstorm" using the hashtags #RaiseTheWage, #12by2020 and #1FairWage.
"If you go to work and work hard for 40 hours a week, you should not be living in poverty in America," said U.S. Dick Durbin (D-Illinois), who joined Murray and Scott in introducing the bill. "The Raise the Wage Act will increase wages for 38 million workers -- more than one in four -- and lift millions out of poverty. In Illinois alone, 1.6 million workers -- 28 percent of the state's workforce -- will see an average increase in wages of $3,200 a year. That helps families get off government support programs and give them more money to spend and put back into our economy."
If Illinois small business owners were to collectively offset state and federal revenues lost annually due to corporations using offshore tax havens, they would each have to pay $4,570 in additional taxes a year.
That what-if scenario is laid out in a recent report from the Illinois Public Interest Research Group (PIRG) examining the issue of "corporate tax haven abuse" and what it means for small businesses.
Through the use of accounting "gimmicks" to shift profits offshore, corporations avoid paying $110 billion annually in federal and state income taxes combined, according to Illinois PIRG's "Picking up the Tab" report. Specifically, about $90 billion in federal and $20 billion in state corporate income tax revenue is lost each year to tax havens, the research reveals.