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Stimulus Mobilization And Universalizing Capital Ownership -- What To Do NOW

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Gary Reber
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"- Emergency unemployment assistance should be provided to anyone who loses their job through no fault of their own at 100 percent of their prior salary or wages with a cap of $75,000 a year.

16. Unemployment Benefits

"- The federal government should immediately extend unemployment benefits for all layoffs for an additional six months (one-year total), effective as of March 1, 2020.

"- Companies should be required to continue to pay unemployment benefits taxes to their states for laid off workers for up to a year, commencing March 1, 2020.

"- There should be no suspension of the Social Security 6.2 percent payroll tax or Medicare 1.45 percent tax by companies.

17. General Company Requirements

"- For the duration of the COVID-19 coronavirus crisis period, companies should be required to continue to pay their employees' health insurance monthly premiums if laid off, for a period of six months from date of initial lay off.

"- Banks should be required to provide lending to business customers at interest rates no greater than the original loan, if extended; or for the initial loan, no more than the average rate for the local urban area in which the company is located.

"- Banks and mortgage companies should institute immediately a moratorium on mortgage payments for those on paid medical leave, or for those laid off for economic reasons associated with the virus effect on their company for a period of three months or until returning to work, whichever is sooner.

"- Auto companies' financial services, credit unions auto financing, and other sources of financing of vehicles should introduce a moratorium on monthly auto loan payments for those on medical leave, or for those laid off for economic reasons associated with the virus effect on their company for a period of three months or until returning to work, whichever is sooner.

18. Student Loan Waivers

"- Waive all student loan payments for the duration of the emergency. Post epidemic, zero-interest should be applied to the balance due on all student loans.

19. School Districts

"- School districts that shut down should continue to receive per pupil reimbursement from their states on the same schedule as when students were attending sessions.

21. Useless Regulations and Laws

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Gary Reber is a leading advocate for economic justice. He is the founder and Executive Director of For Economic Justice (www.foreconomicjustice.org), and an advocate and author for economic justice through broadened ownership of wealth-creating, (more...)
 

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