Showing posts with label middle class. Show all posts
Showing posts with label middle class. Show all posts

Thursday, March 26, 2015

Microsoft wants US suppliers to give employees paid time off

 

NEW YORK (AP) — Microsoft said Thursday that it will push its U.S. suppliers to give their employees paid time off — but that only applies for the staffers that do work for Microsoft.

Microsoft said it has about 2,000 U.S. suppliers, who provide services such as maintenance and security. The technology company does not know how many of its suppliers don't provide paid time off. It has heard from workers and media reports that some companies don't provide the benefit.

The announcement comes at a time when paid sick leave and income inequality have become hot topics. Earlier this year, President Barack Obama called on Congress to pass measures that would allow workers to earn up to seven days of paid leave.

Microsoft Corp. said suppliers with 50 or more employees will be asked to provide at least 15 days of paid time off for employees that mainly work with the Redmond, Washington, company. They can offer either 15 unrestricted paid days off or 10 days of paid vacation and five days of sick leave. Microsoft said it will give suppliers 12 months to make the changes.

A Microsoft spokeswoman said the rules will be written into future contracts and those that don't comply may be dropped as a supplier. She said the company did not discuss the issue with suppliers before the plan was announced Thursday.

Microsoft wants US suppliers to give employees paid time off

Tuesday, July 30, 2013

Obama to propose 'grand bargain' on corporate tax rate, infrastructure | Reuters

Check out the details after the speech but hear is preview.

Obama wants to cut the corporate tax rate of 35 percent down to 28 percent and give manufacturers a preferred rate of 25 percent. He also wants a minimum tax on foreign earnings as a tool against corporate tax evasion and increased use of tax havens.

The new twist is that in exchange for his support for a corporate tax reduction, he wants money generated by the tax overhaul to be used on a mix of proposals such as funding infrastructure projects like repairing roads and bridges, improving education at community colleges, and promoting manufacturing, senior administration officials said.

Obama's proposal would generate a one-time source of revenue, for example, by reforming depreciation or putting a fee on accumulated foreign earnings.

Click on the following for more details:  Obama to propose 'grand bargain' on corporate tax rate, infrastructure | Reuters