No Corporate Welfare
Dear Member of Congress,
As a constituent, I urge you to support a stimulus package that puts Americans back to work and does not allow corporations or their executives to reap exorbitant profits, salaries or bonuses from any government program that is enacted in response to the COVID-19 pandemic.
Any plan to repair the damage done to the American economy as a result of the COVID-19 outbreak should include, at a minimum, direct cash payments to Americans under a certain income threshold, a significant expansion of unemployment insurance benefits, cancelling federal student loan payments, funding for hospitals for patient care and medical supplies, grants for small businesses and a plan to repair America's aging infrastructure. Such a plan should also include robust protections for American workers and provide state and local stabilization funds to make sure they remain solvent and are able to retain all their employees who carry out critical public functions every day.
I would also urge you to support common-sense restrictions regarding aid for corporations as part of any economic stimulus package. Specifically, I would call for a prohibition on the use of stimulus funding for stock buybacks and executive compensation or bonuses. I would also insist that companies who take these bailout funds be prohibited from laying off or cutting the salaries of their American workers.
With so many Americans out of work and families feeling the strain from this virus, we need our representatives in Washington to act quickly to provide immediate, comprehensive relief to shore up our economy and get it moving in the right direction again.
Thank you for your consideration of this important matter. I respectfully ask that you bring up these issues with your leadership. I look forward to a reply to my letter.
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