Transcription
We need to fight for revenue. One is a W's edge tax break that corporations get whether they're taxed on revenues that occur onshore versus offshore. We have a very real possibility of getting that through if we have enough community rising up and saying, "Hey, corporations need to pay their fair share." And this is not something that will be passed down to us. It would bring as much as $4 billion a year.
Another one I want to mention is the companies that rely on medical uh for their workers and other state benefits and public benefits. We're basically subsidizing their business model. When you have a fast food worker only getting 20 hour shifts and they work three jobs, it's because those companies don't want to have to pay their health care. By pushing back on that, as Senator Bont is leading the charge on that, we can get as much as 17 billion dollars a year from these companies. Politically, it's very hard to do. But I think we're in a moment right now where we have to fight for our fair share from these corporations that have been fleecing us. I think there's a really big opportunity for us to create a mass movement to pass these tax revenue generation items.
We need to approve our budgets before the end of June. And also there's no guarantee that those additional funds will go to address the specifics of the current health care crisis. I don't think they're sufficient in the short term to specifically address the crisis caused by HR1.
The tax measures that we're talking about W's edge and and the medical backfill. There's really no delay there. There's bills right now today you could advocate for that essentially would have urgencies on them because they require twothirds votes anyway so they can go to the governor when we have the ability and the will to get them there. What happens if he refuses to sign them or or be to them? I think that's a political question. I think we need to put him in that position. If we don't, shame on us.
If we go to corporations and charge them on a essentially a per capita basis for the medical that they're not reimbursing for today, think of your favorite very large retailer who gives basically no benefits to their employees and is now at a trillion dollars a year in revenue. If we go to them and say you're going to have to pay per capita for the medical that you're costing us, that can only go to medical at the state level. Yes, that absolutely helps you. that doesn't go into some slush fund or some get mixed up with the general fund. In fact, that's one of the reasons there's no Prop 98 share for that because it doesn't it wouldn't go to the general fund. It would go directly back to medical reimbursement. That's what we're advocating for. Many of us think that should happen now. So just want to clarify.