ECONOMICS

We call for a minimum wage of $10.00 an hour, indexed to the cost of living.
We support the provision of a livable guaranteed annual income for those outside the work force.
We call for full employment policy and programs.
We call for all financial institutions to be socially owned and operated by a democratically-controlled national banking authority, which should include credit unions, mutual insurance cooperatives, and cooperative state banks, in order to meet the diversity of local and regional needs and the needs of various sectors of the economy.
We favour a steeply graduated income tax.
We oppose the IMF and the World Bank as instruments of oppression throughout the world.
We support restoring and increasing federal grants to local and state governments.
We oppose balancing the federal budget at the expense of cutting the funding to basic human services.
We call for a National Pension Authority, with a decentralized management, to hold the assets of private pension funds, and a levy against corporate assets for any pension fund deficits.
We call for increased unemployment compensation.
We support a program of investment in urban and rural areas for infrastructure reconstruction and economic development.
We call for the elimination of subsidies and tax breaks that benefit corporations and wealthy households at the expense of working people.
We call for the creation of new jobs through the formation of worker- and community-controlled cooperatives.
We call for Social Security, health, disability, and unemployment insurance to be paid for by steeply graduated income and estate taxes. We oppose such regressive taxes as the payroll tax, sales tax, and sin tax.
We support the elimination of tax benefits for home owners.
We support the use of any federal budget surplus on human services rather than on tax cuts for the rich.
Repeal laws that limit liability of large corporations to the people, like the Price-Anderson Act.
Raise the capital gains tax.
Repeal the Mining Act of 1872.
Keep our jobs here in America. (Repeal NAFTA and GATT.)
Socialist Party of Oregon