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What Can Your Bank
Afford?
Take Action
Are you sick of healthcare events yet? Unfortunately if we
don't keep the pressure on, reform bills won't keep moving
forward. The next 4-6 weeks will be the most critical time for
delivering real healthcare reform to middle class Oregonians. On
that note, Tuesday, October 20 is a national "Time to Deliver"
day of action. Various events will be taking place in Portland,
Eugene, Medford and Bend. Check out our website over the weekend
for event details in your area.
My Bank Did What?!
What Can Your Bank Afford?
An interesting story appeared in the Wall
Street Journal today. Wall Street banks, it said, were
predicted to pay out record sums in salaries this year. Wait -
record pay? I thought the banks were hurting, that they needed
to be bailed out. If they?re getting taxpayer money shouldn't
they have to pay a reasonable amount to their top employees? I
don't know about you, but most people I know are not getting
record pay increases this year.
This is interesting on two levels:
First, this story has ties close to home. The Oregon Banker's
Association has given the single largest donation to the "no"
campaign that's trying to defeat the tax fairness measures that
are on the ballot. That's right, those banks that are hurting so
badly, many of which only pay $10 in state taxes each year (how
much did you pay last year?!), donated $100,000 to keep their
unfair tax rates just the way they are. If they can afford a
$100,000 campaign donation don't you think they can afford to
pay more than $10 in taxes? Some small local banks are trying to
distance themselves from this donation. Do you know where your
bank stands?
Second, this emphasizes how badly we need to have more
oversight of financial industries. Many groups are talking about
the need for a federal Consumer Financial Protection Agency,
which would be able to monitor things like where banks are
spending their bailout money.
Banks think they can monitor themselves. We're pretty sure
they're not doing a good enough job.
In Other News...
Health Care Reform Almost in Reach
Yesterday's Senate Finance Committee vote on healthcare
reform brought Oregonians one step closer to the changes we need
in the healthcare system. Although the Senate Finance Committee
bill does not contain many of the important changes that middle
class Oregonians need, its progress is necessary to move reform
forward and make healthcare affordable for all Americans.
The bill passed with votes from all of the Committee
Democrats and one Republican, including Oregon Senator Ron
Wyden's vote.
Now Senate leadership will try to combine the Finance
Committee bill with the HELP Committee bill that passed earlier
this year. It's crucial that our delegation continues to remind
leadership that the final bill must be affordable, include a
public option, and not punish companies who do the right thing
by providing healthcare to their workers, otherwise it won't
bring the crucial reform that so many Oregonians need.
Department of Defense Employees Look for Passage of the
National Defense Authorization Act
Union members at the Army Corps of Engineers in Portland were
ecstatic to learn, last week, that a "security system" that
threatened to take away many of their rights was on the chopping
block.
The National Security Personnel System has been criticized by
many Department of Defense employees, including representatives
of the International Federation of Professional and Technical
Engineers (IFPTE), which represents Army Corps of Engineers
employees in Portland, from the start.
Also included in the National Defense Authorization Act of
2010 are provisions to ensure that DOD employees in Alaska,
Hawaii and US Territories are being paid fairly, adjustments to
the Federal Employees' Retirement System, and Hate Crimes
legislation.
The House passed the National Defense Authorization Act of
2010 last Thursday. It is still waiting for a vote in the
Senate, where IFPTE members hope it will pass smoothly.
AFL-CIO Convention - Guests from D.C.
As our schedule for the convention comes together we have a
few more names to announce. Union leaders will be joining us
from Washington, D.C., and across the country. A few highlights
include:
- Larry Cohen, President of the Communications Workers
of America (CWA) and chair of the AFL-CIO Organizing
Committee
- Jerome Ringo, President of the Apollo
Alliance, a coalition of labor, business, environmental, and
community leaders working to catalyze a clean energy revolution
that will put millions of Americans to work in a new generation
of high-quality, green-collar jobs
- State Federation
Presidents from Alaska, Idaho, Montana, Utah and
Wyoming
If you are a delegate from your union make sure you've sent
in your credentials and booked your hotel room. We're only a
week and a half away from Bend!
The Weekly Update is created by the Oregon AFL-CIO.
President: Tom Chamberlain
Secretary-Treasurer: Barbara Byrd
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