| Obama on Business and Labor | |
• McCain wants to lower trade barriers for US companies. Ninety-five percent of the world's customers lie outside our borders and he says we need to be at the table when the rules for access to those markets are written. To do so, he thinks the U.S. should engage in multilateral, regional and bilateral efforts to reduce barriers to trade, level the global playing field and build effective enforcement of global trading rules. He believes these steps would also strengthen the U.S. dollar and help to control the rising cost of living that hurts our families. • McCain says he will act to make American workers more competitive. He wants to prepare the next generation of workers by making American education worthy of the promise we make to our children and ourselves. We must be a nation committed to competitiveness and opportunity. He would fight for the ability of all students to have access to any school of demonstrated excellence. He would place parents and children at the center of the education process, empowering parents by greatly expanding the ability of parents to choose among schools for their children. • McCain would reform the Unemployment Insurance System by depositing a portion of each workers Unemployment Insurance Tax into a Lost Earnings Buffer Account (LEB). If an individual becomes unemployed, the LEB may be used to cover needed expenses, with a backstop of traditional UI if the account is exhausted before 26 weeks. Workers would have an incentive to preserve their LEB by getting back to work quickly, and may be eligible for a re-employment bonus if they get a new job quickly. The LEB would be portable, and upon retirement, the property of the worker. • McCain believes we should have a single, seamless approach to job transition assistance. He thinks that the Unemployment Insurance System must be more effective in helping those who have lost a job. He would modernize and transform our current programs by consolidating redundant federal programs, strengthening community colleges and technical training and giving displaced workers more choices to find their way back to productive and prosperous lives. • McCain would reform training programs to provide quick assistance to workers seeking new skills. He would give workers access to a flexible training account that permits them to pay for training at a community college and use leftover funds to keep their health insurance. • McCain would provide special, targeted assistance for older workers. He believes training is often inefficient for older workers and those 55 years of age and older who have built up an LEB would be eligible for a Lost Earnings Supplement. The supplement of up to 50 percent of their earnings loss (up to a maximum of $10,000) for two years would be rewarded for those who find work inside 26 weeks. |
• He has for the most part supported the interests of the United Auto Workers and the AFL-CIO. • Obama believes that workers should have the freedom to choose whether to join a union without harassment or intimidation from their employers. Obama cosponsored and is strong advocate for the Employee Free Choice Act, a bipartisan effort to assure that workers can exercise their right to organize. He will continue to fight for EFCA's passage and sign it into law. • Obama has fought the Bush National Labor Relations Board (NLRB) efforts to strip workers of their right to organize. He is a cosponsor of legislation to overturn the NLRB's "Kentucky River" decisions classifying hundreds of thousands of nurses, construction, and professional workers as "supervisors" who are not protected by federal labor laws. • Obama supports the right of workers to bargain collectively and strike if necessary. He would work to ban the permanent replacement of striking workers. • Obama would raise the minimum wage, index it to inflation and increase the Earned Income Tax Credit. |
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