Put a Stop to This: Bad Credit? No Job for You!

Today’s jobless workers face new discriminatory barriers to finding work in a broken economy. Some employers won’t consider out-of-work applicants for job openings. And more and more employers run credit checks, leaving long-term jobless workers, who have likely fallen far behind in their bills and seen their credit scores tank, on the streets.

Today Sen. Elizabeth Warren (D-Mass.) introduced a bill to stop employers from requiring prospective employees to disclose their credit history or disqualifying applicants based on a poor credit rating. Says Warren:

Families have not fully recovered from the 2008 financial crisis, and too many Americans are still searching for jobs. This is about basic fairness—let people compete on the merits, not on whether they already have enough money to pay all their bills.

Even as the economy is slowly turning around, the recession and financial crisis continue to take a toll on working families. Many of whom are hardworking, bill-paying people who have seen the credit ratings damaged when they or a family member lost a job or a small business and saw the value of their homes plummet. Savings evaporate and payments get missed. Says Warren:

Most people recognize that bad credit means they will have trouble borrowing money or they will pay more to borrow. But many don’t realize that a damaged credit rating also can block access to a job.

While at one time it was common belief that a credit history could provide insight into a perspective employee’s character, Warren says that recent research has shown that an individual’s credit rating has little or no correlation with his ability to succeed at work. A bad credit rating is far more often the result of unexpected personal crisis or economic downturn than a reflection of someone’s abilities.

She also says, “This is one more way the game is rigged against the middle class.”

A rich person who loses a job or gets divorced or faces a family illness is unlikely to suffer from a drop in his or her credit rating. But for millions of hardworking families, hard personal blow translates into a hard financial blow that will show up for years in a credit report.

People shouldn’t be denied the chance to compete for jobs because of credit reports that bear no relationship to job performance and that, according to recent reports, are often riddled with inaccuracies. Click here to become a citizen co-sponsor of The Equal Employment for All Act.

The bill is co-sponsored by Sens. Richard Blumenthal (D-Conn.), Sherrod Brown (D-Ohio), Patrick Leahy (D-Vt.), Edward Markey (D-Mass.), Jeanne Shaheen (D-N.H.) and Sheldon Whitehouse (D-R.I.).

Rep. Steve Cohen (D-Tenn.) introduced the bill in the House late last year.

Photo via U.S. Senator Elizabeth Warren on Facebook

Reposted from AFL-CIO NOW

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Endorsement: Ed Markey for U.S. Senate

Our country needs workhorses, not showhorses. We need depth of knowledge, not empty slogans. Most importantly, we need leaders who will fight for working families all of the time, not some of the time.

Let’s get specific. We need leaders who will protect the earned benefits of Medicare and Social Security. We need to stand firm against the relentless attacks on the essential functions of government: the unprecedented filibuster abuse, the man-made paralysis of the National Labor Relations Board, and the dismantling of our hard-fought protections against the Wall Street crimes that plunged American workers into deep recession.

This isn’t abstract. American workers can’t afford anything less. And that’s why we strongly urge Massachusetts voters to support Ed Markey for U.S. Senate on June 25.

Ed Markey has represented Massachusetts in Congress for many years. He’s been in the majority and the minority. He’s served with Democrats and Republicans in the White House. Through it all, he has consistently striven to make our country cleaner, more equal, more technologically savvy, and more transparent.

The camera at the bottom of the ocean that showed the oil leaking out of the BP Deepwater Horizon rig in 2010? That was Ed Markey. The creation of an entire Congressional committee devoted to developing clean energy jobs? That was Ed, too. New requirements for airline cargo screening to keep us safe? Markey.

But the choice is even clearer when you compare Markey to his Republican opponent, private equity investor Gabriel Gomez. Gomez is selling himself as a “new kind of Republican,” but on the things that matter to working families, it’s hard to see what’s new. He supports chained CPI cuts to Social Security benefits, which he calls an “entitlement.” He wants to lower the corporate tax rate, which has only lead to more off-shoring, not less. He thinks Wall Street reform is “too tough.” Like Scott Brown before him, the majority of his donations have come from the financial services sector.

Here’s the question: Do we want more Elizabeth Warren’s in DC? Or more Mitt Romney’s?

Let’s support someone who will work for working families. Vote Ed Markey for U.S. Senate on Tuesday, June 25.

Polls are open 7am to 8pm. Find where to vote here.

Paid for by Working America, 815 16th St., NW, Washington, DC 20006 and not authorized by any candidate or candidate’s committee. Image via Ed Markey on Facebook.

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3 Ways In Which the Massachusetts Senate Candidates Are Hugely Different

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Democratic Congressman Ed Markey and Republican private equity executive Gabriel Gomez are running to become the next U.S. Senator from Massachusetts.

The special election will be held on Tuesday, June 25, and June 5 is the last day to register to vote.

In local and national news, the coverage of the race has focused on the “horse race” and various things the two candidates have said – not so much on policy. But on issues affecting working families, there’s are huge differences between Markey and Gomez that we wish were making bigger headlines.

1.) Retirement. As a member of Congress, Ed Markey has been a longtime defender of Social Security. When both Republicans and Democrats were considering a plan to change the formula used to determine Social Security benefits to “chained CPI,” Markey opposed it.

“Chained CPI” (CPI stands for “consumer price index”) assumes that when prices go up, consumers will choose a less expensive product. This formula results in a lower “cost of living” estimate because it assumes people need less; using this formula to calculate Social Security is equivalent to a benefit cut.

Markey has said that CPI really stands for “cutting people’s income.”

Republican Gabriel Gomez, on the other hand, supports the “chained CPI” benefit cut, which he announced at an April 10 debate. As the AARP points out, if the government makes this switch for both Social Security and veterans benefits, current and future seniors veterans could lose $146 billion in benefits over 10 years.

2.) Wall Street. Ed Markey voted for the groundbreaking Wall Street reform bill, which ends some of the worst abuses of big banks and corporations (those same banks have since fought tooth and nail to weaken the reform). He also opposes Republican plans that would increase tax incentives for companies that ship jobs overseas.

Gabriel Gomez, who made his fortune as a private equity executive, has relied heavily on the support of Wall Street and the financial services industry in his run for office. Individuals working in finance have given Gomez’s campaign $278,000, 52 percent of his total campaign contributions. Bain Capital employees have given Gomez more than $12,000.

Not surprisingly, Gomez’s policy positions closely mirror that of the financial industry. He said that “onerous taxes” and “excessive regulation” are obstacles to job growth. He opposes raising taxes on the wealthiest Americans, and has attacked the Wall Street reform law.

3.) Health Care. The candidates differ starkly on the issue of Medicare. Ed Markey opposes cuts to Medicare, while Gabriel Gomez has said he favors raising the Medicare eligibility age. On his website and in his public statements, Gomez refers to Medicare as an “entitlement,” not as a guaranteed benefit.

Gomez hasn’t said at what age seniors should be eligible for Medicare, but a popular proposal would raise the eligibility age from 65 to 67. According to Roosevelt Institute fellow Matt Stoller, that would mean that 5 million 65 and 66 year olds would not be able to get Medicare coverage for at least a year, and 7 million would not be eligible for at least a month. Even with Obamacare fully implemented and every state accepting Medicaid expansion, this policy change would leave at least 200,000 seniors without health insurance, primarily those on the lower end of the economic spectrum. Those seniors would be denied the earned benefit that they paid for over the course of their lives.

Remember, the special election is on Tuesday, June 25, and the last day to register to vote in this election is Wednesday, June 5. If you live in Massachusetts or know someone who does, please share these three crucial pieces of information about where Markey and Gomez stand.

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