Sen. Bernie Sanders that he will soon introduce legislation to set the minimum annual salary for U.S. public school teachers at $60,000, a change the senator said could be fully financed with progressive changes to the estate tax.
would raise. The bill, titled the For the 99.5 Percent Act, would impose a 65% top tax rate on estates worth more than $1 billion and reduce the estate tax exemption to $3.5 million, down from around $13 million.
“If we can provide over a trillion dollars in tax breaks to the top 1% and large corporations, please don’t tell me that we cannot afford to make sure that every teacher in America is paid at least $60,000 a year,” the senator said. “If we can spend close to $900 billion last year on the military, more than the next 11 nations combined, please don’t tell me that we cannot make sure that every teacher in America is treated with dignity and respect.
“The average weekly wages of public school teachers increased just $29 from 1996 to 2021, from $1,319 to $1,348 ,” EPI found. “In contrast, inflation-adjusted weekly wages of other college graduates rose from $1,564 to $2,009 over the same period — a $445 increase.” EPI stressed that “providing teachers with compensation commensurate with that of other similarly educated professionals is not simply a matter of fairness but is necessary to improve educational outcomes and foster future economic stability of workers, their families, and communities across the U.S.” — a point Sanders echoed during his town hall address.
“Raising teacher salaries to at least $60,000 a year and ensuring competitive pay for all of our teachers,” Sanders argued, “is one of the most important steps we can take to address the teacher shortage in America and to improve the quality of our public school systems.”We’re proud to publish real news 365 days of the year, completely free of charge to our readers.
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