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For Immediate Release
August, 19 2019, 12:00am EDT
Contact:
Bob Keener, 617-610-6766, bkeener@asbcouncil.org
Business Praise for Business Roundtable "Statement of Purpose of a Corporation"
WASHINGTON
The American Sustainable Business Council (ASBC), representing the public policy interests of more than 250,000 responsible businesses, praised the "Statement on the Purpose of a Corporation" announced today by the Business Roundtable (BRT). ASBC is focusing on steps to turn principles like those in the BRT statement into substantive reforms to capitalism at its summit in December.
"We welcome Jamie Dimon and the leaders of the other companies now agreeing with what we have been saying for ten years," said Jeffrey Hollender, ASBC CEO. "Business can and should be a force for good - for people and the planet. It is great news that we finally have that shared understanding. The next question is how all companies can make this switch quickly and throughout their operations. We are focused on accelerating that shift at our summit in December, "Making Capitalism Work for All."
ASBC's annual summit is aimed this year at helping business leaders reshape capitalism to broaden prosperity and better protect the environment. Hollender believes the Business Roundtable statement in support of a stronger focus on all stakeholders is part of a trend among businesses, academics and policymakers to transition away from the short-term, profit-at-all-costs business perspective of the last 40 years.
One example of the negative effects from the extreme focus on shareholders during the past four decades is the widening gap between average employee pay and CEO pay. A recent report from the Economic Policy Institute (EPI) found that since 1978, CEO pay has risen 940 percent, while average pay for employees went up only 12 percent. The president of the EPI, Thea Mei Lee, will be speaking at ASBC's summit. Other speakers include Chris Lu, Former Deputy Secretary of Labor.
"Making Capitalism Work for All," the ASBC Sustainable Business & Advocacy Summit, will be held in Washington, DC, December 10 and 11, 2019. Information and registration: https://www.asbcouncil.org/asbc-2019-summit.
The American Sustainable Business Council (ASBC) advocates for policy change and informs business owners, policymakers and the public about the need and opportunities for building a vibrant, broadly prosperous, sustainable economy. Founded in 2009, its membership represents over 250,000 businesses in a wide range of industries.
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Democrats' Bill Would Extend Social Security and Medicare Solvency 'As Far as the Eye Can See'
"Working-class seniors pay into Social Security and Medicare their whole careers so they can enjoy a dignified retirement, but they end up paying a much larger share of their income in taxes than billionaires because the tax code is rigged in favor of the rich."
May 09, 2025
Social Security and Medicare protect tens of millions of American senior citizens from poverty and medical bankruptcy each year, but economic justice advocates have long said the programs would be strengthened and remain fully solvent for as long as possible if the richest Americans contributed more to them—and on Thursday two Democratic lawmakers introduced legislation to ensure they do.
The bicameral bill, the Medicare and Social Security Fair Share Act, was reintroduced by Sen. Sheldon Whitehouse (D-R.I.) and Rep. Brendan Boyle (D-Pa.), with the aim of requiring people with yearly incomes of more than $400,000 to contribute a fairer share of their wealth to the two programs.
Currently the maximum amount of earnings for which American workers must pay Social Security taxes is just over $176,000.
The bill would lift the Social Security tax cap "to ensure that no matter the source of their income, high-income taxpayers would pay the same tax rate on their income exceeding that threshold," said the lawmakers in a press statement.
It would also increase the Medicare tax rate for income above $400,000 by 1.2% and include a provision ensuring owners of hedge funds and private equity firms can no longer avoid Medicare taxes.
Whitehouse and Boyle introduced the bill as the Trump administration and congressional Republicans work to slash Social Security—confirming Wall Street executive Frank Bisignano, who has backed billionaire Elon Musk's spending cuts at the Department of Government Efficiency (DOGE), to run the program this week.
"While Republicans are pushing a $7 trillion tax giveaway to the ultrarich, we're working to protect the benefits that millions of Americans have earned—and we won't let them be stolen to fund another billionaire windfall."
Republicans have also suggested Medicare could be slashed in order to pay for tax cuts for the wealthiest Americans and have pushed to expand privatized Medicare Advantage plans.
"Working-class seniors pay into Social Security and Medicare their whole careers so they can enjoy a dignified retirement, but they end up paying a much larger share of their income in taxes than billionaires because the tax code is rigged in favor of the rich," said Whitehouse. "As the Trump administration and Congressional Republicans gear up to deliver budget-busting giveaways for their billionaire donors, I will continue pushing to make our tax code fair and protect these twin pillars of retirement security as far as the eye can see."
Actuaries at the Centers for Medicare and Medicaid Services and Social Security Administration estimated that Whitehouse and Boyle's proposal would extend Social Security and Medicare solvency by at least 75 years.
Without new revenue, the trust funds that finance Medicare and Social Security are projected to be 100% solvent only through 2036 and 2033, respectively.
The legislation is endorsed by groups including Social Security Works, the National Council on Aging, and the Center for Medicare Advocacy.
"From my first day in Congress, I've pledged to protect the long-term stability of Social Security and Medicare—two bedrock promises our country made to seniors, workers, and people with disabilities," said Boyle. "Now, with [President] Donald Trump, Elon Musk, and DOGE-fueled billionaires openly attacking these programs, that fight is more urgent than ever."
"While Republicans are pushing a $7 trillion tax giveaway to the ultrarich," he said, "we're working to protect the benefits that millions of Americans have earned—and we won't let them be stolen to fund another billionaire windfall."
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Warnings Grow Over US and Israel-Backed Plan for Gaza Aid
The plan "contravenes basic humanitarian principles," said a spokesperson for the United Nation's children's agency.
May 09, 2025
United Nations aid officials have rejected a U.S. and Israel-backed plan for aid delivery in Gaza that reportedly involves the use of a private foundation and U.S. military security contractors to deliver far less humanitarian assistance than the besieged enclave needs.
Jens Laerke, a spokesperson for the U.N.'s Office for the Coordination of Humanitarian Affairs (OCHA), warned Friday that the agency "will not participate."
"There is no reason to put in place a system that is at odds with the DNA of any principled humanitarian organization," Laerke told the BBC.
Since early March, Israel has blocked aid from entering Gaza, compounding widespread misery and hunger in the besieged enclave as Israel continues to mount a deadly military campaign there. U.N. officials have decried the fact that aid is close at hand but is not being allowed in.
Speaking in Jerusalem on Friday, U.S. Ambassador to Israel Mike Huckabee said that the plan involves a private U.S.-backed foundation, which will distribute aid from a set number of distribution sites, according to CNN. Huckabee said the idea is to create a system that prevents Hamas from obtaining the aid.
The private entity, called the Gaza Humanitarian Foundation, would administer those distribution sites using private U.S. military contractors and aid workers, according to CNN.
The plan reportedly entails only allowing 60 aid trucks a day, a sliver of what was allowed to enter the enclave during the two-month cease-fire that Israel ended in March. A document from the Gaza Humanitarian Foundation states that there will initially be four distribution sites aimed at providing 1.2 million Palestinians in its first phase, or 60% of Gaza's population.
According to the The New YorkTimes, under the current aid distribution system, the U.N. says there are 400 distribution points.
Huckabee said that Israel would not be involved in delivering aid, but that Israeli forces would handle security around the distribution sites.
The Times of Israel, citing officials familiar with the plan, reported that the Israeli government and military have been involved in putting the plan together, even if the Gaza Humanitarian Foundation is the entity that is slated to distribute the aid.
Reporting from The Washington Postpublished Monday, which cited unnamed Israeli officials and aid workers, framed the emerging plan as an Israeli initiative to take control of aid distribution in Gaza. The Post's reporting also stated that the distribution centers would be all be located in the south of Gaza.
The Post spoke with officials from a dozen international aid groups working in Gaza, who expressed concerns that restricting aid to a few locations would force more displacement and be discriminatory.
James Elder, spokesperson for the U.N.'s children's agency UNICEF, echoed this, according to the BBC, saying on Friday that the proposed plan would lead to more children suffering and that the decision to locate all the distribution centers in the south appeared designed to weaponize aid as "bait" to force Palestinians to be displaced once again.
The plan "contravenes basic humanitarian principles" and appears designed to "reinforce control over life-sustaining items as a pressure tactic," Elder said, according to U.N. News.
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'This Is Not Normal': Newark Mayor Ras Baraka Arrested at Contested ICE Detention Facility
"They are arresting elected officials for peacefully opposing the regime's illegal actions."
May 09, 2025
This is a developing story... Please check back for possible updates...
Democratic Newark Mayor Ras Baraka was arrested Friday afternoon at a newly reopened immigrant detention facility in New Jersey's largest city.
Baraka was accompanying three of the state's congressional Democrats to Delaney Hall, an Immigration and Customs Enforcement (ICE) facility operated by the private prison company the GEO Group.
The 1,196-bed facility—the first immigrant detention center to open since U.S. President Donald Trump returned to office in January after campaigning on mass deportations—began housing detainees on May 1, despite an ongoing legal battle over its operation.
Video footage posted online shows a verbal altercation between Baraka—who is running for governor and has been critical of ICE action under Trump—and men in blue jackets labeled "police."
According toPIX11:
Witnesses said the arrest came after Baraka attempted to join a scheduled tour of the facility with three members of New Jersey's congressional delegation, Reps. Robert Menendez, LaMonica McIver, and Bonnie Watson Coleman.
When federal officials blocked his entry, a heated argument broke out, according to Viri Martinez, an activist with the New Jersey Alliance for Immigrant Justice. It continued even after Baraka returned to the public side of the gates.
"There was yelling and pushing," Martinez said. "Then the officers swarmed Baraka. They threw one of the organizers to the ground. They put Baraka handcuffs and put him in an unmarked car."
Amanda Lee, a journalist with New Jersey's News 12, posted footage of the crowd near the gate and the mayor being led away in handcuffs.
Alina Habba, the interim U.S. attorney for the District of New Jersey, said on social media that Baraka "committed trespass and ignored multiple warnings from Homeland Security Investigations to remove himself from the ICE detention center in Newark, New Jersey this afternoon. He has willingly chosen to disregard the law. That will not stand in this state. He has been taken into custody. NO ONE IS ABOVE THE LAW."
Baraka's office told PIX11 that the mayor was taken to an ICE field office at 620 Frelinghuysen Ave. in Newark, adding that "we are actively monitoring and will provide more details as they become available."
The members of Congress explained on social media that they were at the facility to conduct oversight. As Watson Coleman put it: "We're at Delaney Hall, an ICE prison in Newark that opened without permission from the city and in violation of local ordinances. We've heard stories of what it's like in other ICE prisons. We're exercising our oversight authority to see for ourselves."
The U.S. Department of Homeland Security (DHS) released a statement that did not address Baraka's arrested but said that "as a bus of detainees was entering the security gate of Delaney Hall Detention Center, a group of protestors, including two members of the U.S. House of Representatives, stormed the gate and broke into the detention facility," naming Menendez and Watson Coleman.
DHS Assistant Secretary Tricia McLaughlin said that "members of Congress storming into a detention facility goes beyond a bizarre political stunt and puts the safety of our law enforcement agents and detainees at risk. Members of Congress are not above the law and cannot illegally break into detention facilities. Had these members requested a tour, we would have facilitated a tour of the facility. This is an evolving situation."
The department also claimed that "the allegations made by Newark politicians that Delaney does not have the proper permitting are false. We have valid permits, and inspections for plumbing and electricity, and fire codes have been cleared."
Responding to the news of Baraka's arrest on social media Friday, Kat Abughazaleh, a Democratic congressional candidate in Illinois, said in all caps: "They are arresting elected officials for peacefully opposing the regime's illegal actions. Do not allow them to overwhelm you. This is not normal."
Maurice Mitchell, national director of the Working Families Party, said in a statement that "Mayor Baraka's arrest during an oversight visit to an ICE facility in Newark is shocking overreach of power, even by Trump standards."
"Trump and his cronies are pulling straight from the authoritarian playbook. They want to silence anyone who seeks to hold them accountable," he added. "Mayor Baraka must be released immediately, and New Jersey elected officials must be allowed inside the Delaney Hall ICE facility."
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