Economic Opportunity

 
 

Our Economy needs to work for everyone...

And that means we must have a government that stands up for all hard-working Americans, not just those at the top. Janet stands firmly for middle-class Ohioans and believes that government needs to spend smarter. Janet strongly opposes the current Republican tax plan, which would give tax cuts to the wealthiest Americans, and she’ll work hard to bring back money from the federal government to build up Ohio’s businesses and infrastructure. Janet also believes that work should be a place of dignity and safety for workers. She supports raising the minimum wage because everyone who works hard deserves to get paid for what they do, and she supports tougher anti-harassment policies to make sure everyone has equal opportunity to succeed at work.

Janet has served her community for decades by working as a teacher, and she won’t stop working for the people now. She won’t sell out to the biggest donors in Washington, and will continue to promote economic opportunity for everyone as she serves in Congress.

Taxes

Janet believes in a tax code that encourages hard work and helps the middle class out. The current Republican tax plan promises tax cuts for the middle class, but there’s little proof of that so far. Right now, the only tax cuts offered for certain will benefit businesses and the wealthy:

The Estate Tax--This only applies to millionaires who attempt to leave their children a fortune, like Trump. The new tax plan will get rid of it. The Alternative Minimum Tax--Trump and the Republicans also plan to undo this regulation, which was created to prevent wealthy families from taking too many tax breaks. A Break for Big Businesses--The maximum tax rate for businesses now is 35 percent. The Republicans plan to cut it to 20 percent, below the average of major developed countries. Pass throughs--Small businesses currently pay taxes based on the owner’s personal tax rate, which means that the very rich can file their own income as a small business and pay lower taxes. The Republicans are not attempting to close this loophole.

Janet will not support a tax plan that fails to eliminate loopholes for big businesses that have Washington in their pockets. The current plan put forward by the president does all of this. While Jim Jordan helps Donald Trump protect the wallets of the Wall Street elite, Janet promises to fight to bring fairness back to Washington, and to help restore a thriving middle class.

Minimum Wage and Equal Pay for Equal Work

Janet believes that everyone who works hard has the right to a decent living and to be afforded certain dignity and care for their family. Janet believes that every person who does the same work should make the same amount, no matter what they look like, and she supports legislation that prohibits discrimination. Janet also believes in a minimum wage that is tied to living standards. Janet supports gradually raising the federal minimum wage to $15/hr by the year 2024, at which point the rate would be pegged to inflation.

Equal Opportunity to Succeed

Janet believes that everyone should be able to succeed in the workforce and not be subject to harassment or mistreatment. First, Janet believes that we should encourage climate surveys and other instruments to gather data in most industries, because workplace harassment by gender, sexual orientation, ethnicity, race, disability and religion, is pervasive, but underreported. The Equal Employment Opportunity Commission reported that ⅓ of all its complaints in 2015 were of workplace harassment, even though ¾ of harassment victims never report. Janet also supports measures that encourage accountability at the leadership level, strengthen anti-harassment policies, and improve prevention training in workplaces.

Glass-Steagall Act

Janet supports the reinstatement of the Glass-Steagall Act in order to break up the big banks and rein in risky behaviors by financial institutions. The Glass-Steagall Act was originally passed in 1933 and separated commercial and investment banking, so that the banks that hold your money cannot engage in risky financial ventures. Since Glass-Steagall has been virtually ineffective since the 1990s, banks have continued to merge and have grown increasingly larger, a factor that may have contributed to the financial crisis. Janet does not believe that banks can be “too big to fail.” In Congress, Janet would support the Return to Prudent Banking Act currently in the House, which revives the separation of commercial banking and the securities business.

National Infrastructure Bank

Janet believes that one of the greatest national priorities is investing in infrastructure. In addition to boosting the economy, it is creates much-needed jobs and fixes serious gaps in our country. Janet believes that the best way to do this is through a National Infrastructure Bank, which would offer loans to states and cities for infrastructure projects. Sometimes called a “nonpartisan finance authority,” a National Infrastructure Bank is not a physical bank, but rather a pool of funding that could help facilitate the process of infrastructure spending. Often called “the next best idea for the last 25 years,” a National Infrastructure Bank has been supported by Bill Clinton and Barack Obama, Bernie Sanders and Hillary Clinton, and has even garnered support from Republicans like Lindsey Graham.

Currently, most American infrastructure projects are funded by grants, but by loaning funds instead, a bank would receive its funds back over time plus interest, which would make for a self-sustaining and growing fund to then loan to other projects. Additionally, an NIB encourages greater support from private partnerships, since the loans are formally backed by the federal government. A National Infrastructure Bank would therefore increase the funds available for expensive but desperately-needed infrastructure projects.