Statement by AFL-CIO President Richard Trumka on President Obama’s FY2016 Budget

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Statement by AFL-CIO President Richard Trumka on President Obama’s FY2016 Budget

WASHINGTON - "In the State of the Union, President Obama forcefully advocated for working families and the bold actions we need to create an economy that truly works for all working people. His budget follows through with a number of proposals that would benefit American workers, such as repeal of harmful sequestration cuts, higher taxes on capital gains, and a financial crisis fee on the largest financial institutions. These are all pieces to a robust program to raise wages.

"But when it comes to fixing our rigged corporate tax system, the actual proposals in President Obama’s budget don’t match the rhetoric. As this budget stands, it falls short of a very simple standard: our tax system should not encourage corporations to shift jobs or profits overseas.  We are also disappointed that the administration continues to propose corporate tax reform that does not raise significant amounts of revenue over the long term."

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The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) is a voluntary federation of 56 national and international labor unions. The AFL-CIO union movement represents 10.5 million members, including 2 million members in Working America, its new community affiliate. We are teachers and truck drivers, musicians and miners, firefighters and farm workers, bakers and bottlers, engineers and editors, pilots and public employees, doctors and nurses, painters and laborers-and more.

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