New Yorkers to Albany: Tax Stock Buybacks to fund Housing, Health Care and Education
The PSC is partnering with the Strong Economy For All coalition to campaign for progressive tax policies that will ensure that New York’s budget is not balanced on the backs of working people. On Friday march 9, the union helped to organize a demonstration and street-side press conference outside the New York Stock Exchange calling for a Stock Buyback Transfer Tax. Large, profitable corporations are using their windfall from the federal tax cuts to buy back stocks and make their richest shareholders richer rather than to create jobs and to increase worker pay. A mere .5% transfer tax on stock buyback trades could raise $2 billion a year in New York for affordable housing, healthcare and quality public education from kindergarten through CUNY. Click here for a cable news piece about the tax featuring our coalition partners from the Fiscal Policy Institute, which aired throughout upstate New York. Click here for photos and the release about the Wall Street event.
On Monday, February 26, the Supreme Court heard Janus V AFSCME, a case meant to limit unions’ power to stand together for a better life. The PSC has been preparing for an anti-union Janus ruling for more than a year. We rose to the challenge last week with a CUNY-wide organizing blitz that led more than 1,300 of our CUNY colleagues to sign the new, stronger union membership card. At the first bargaining session for the next contract, on March 14, the PSC bargaining team will make it clear that we represent a powerful membership. Increase the union’s power as we start contract negotiations; click here and sign the new card, designed to keep our union strong after the Janus ruling. There is still time to be counted before the negotiations begin. Sign the new membership card.
The PSC stands in solidarity with the brave teachers of West Virginia and with our colleagues of the University and College Union currently on strike in the UK to defend their pension. Click here for a statement congratulating the West Virginia teachers on their victory and here for a statement supporting our academic colleagues across the pond.