Klobuchar warns of ‘gilded age’

Valley News | 5/19/2019 | Staff
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HANOVER — U.S. Sen. Amy Klobuchar, D-Minn., focused on what she said were bipartisan and forward-thinking policy proposals on Sunday evening in a forum on the changing economy at the Tuck School of Business at Dartmouth College.

The Democratic presidential candidate from Minnesota, a ranking member of the Senate Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights, talked about her work on regulating mergers and mega-mergers.

Age - Klobuchar - Talk - Dangers - Review

“We are in a new gilded age,” said Klobuchar, who in her talk also cautioned against the “dangers of big” and called for a greater review of mergers, including some that have already taken place.

The third-term Democrat also said she is concerned about the future of Social Security and helping lower-income workers prepare for retirement and noted she and a Senate colleague have proposed an “UP-savings account” in which small businesses with more than 10 workers would be required to put 50 cents in every employee’s retirement accounts — contributing to a worker’s 401k would be one possibility — for every hour worked in exchange for tax incentives. The proposal, which would be funded by rolling back some tax cuts passed under President Donald Trump, would also cover part-time work and include automatic enrollment.

Social - Safety - Nets - Workers - Divide

“Social safety nets are breaking down for new workers and it is hard to reach across the divide when a Fortune 500 CEO drags in 361 times...
(Excerpt) Read more at: Valley News
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