Officially titled The Stop Bad Employers by Zeroing Out Subsidies (BEZOS) Act-an explicit dig at Amazon CEO Jeff Bezos, the richest man in the world-the goal of Sanders and Khanna's bill is to draw attention to the fact that taxpayers are effectively subsidizing corporations' starvation wages and pressure these companies to pay a living wage. The bill is created to force large employers to pay back, in the form of a new tax, federal assistance their workers receive.
The idea is to crack down on "corporate welfare" - where the government is left to pick up the slack for poor paying, big businesses. Covered public assistance program include Medicaid, Section 8 housing, the Supplemental Nutrition Assistance Program and the National School Lunch and School Breakfast programs, for companies with more than 500 employees. "But we do not believe that taxpayers should have to expend huge sums of money subsidizing profitable corporations owned by some of the wealthiest people in this country. That is what a rigged economy looks like".
Apple might just ditch the 'Plus' model for the iPhone Xs 'Max'
Same specs as the iPhone XS? The leaked images have revealed that there will be a Gold color edition this time, unlike iPhone X . Apple will also improvise the optimization with iOS 12 which can be considered as a bonus for the already capable hardware.
Bezos is worth an estimated $168 billion, with his wealth increasing by $260 million each day, said Sanders, an independent and former contender for the Democratic presidential nomination. "Meanwhile Mr Bezos continues to pay thousands of his amazon employees wages that are so low that they must rely on food stamps, medicaid or subsidised housing in order to survive", he said.
The most troubling potential outcome, in Bernstein's opinion, is that the Stop BEZOS Act could further the stigmatization of worker benefits. Sanders' bill isn't likely to progress in the current political climate but it does bring added attention to warehouse worker conditions, which have come under scrutiny in recent months. Amazon has denied his claims vigorously, calling them "inaccurate and misleading", and maintaining that it offers competitive pay and a diverse range of benefits.
Movie star Burt Reynolds dead at 82
Nor did a relationship with sometime co-star Sally Field , whom he later called the love of his life - to her evident surprise. The success of Smokey and the Bandit , though, had a bit of a surprisingly negative effect on Reynolds' career as an actor.
Amazon shares are down 1.3% to $2,012.68.
The company highlighted that its average hourly wage for a full-time fulfillment center employee is more than $15 an hour, including cash, stock and incentive bonuses, but before overtime.
Moon: Kim willing to accept "stronger measures" on denuclearization
Chung went on to relay Kim's statement that he has never negatively assessed the United States president at any time . South Korean officials say the meeting will focus on how to achieve denuclearization of the Korean Peninsula.