National Op-ed on Employee Ownership

In an op-ed picked up by newspapers around the country (see, for example, the Journal Times [Racine, WI]), Joseph Blasi, Douglas Kruse, and Richard Freeman argue:

The country is now expected to spend more than a trillion dollars every decade on corporate tax expenditures. The proposed corporate tax reform will increase the tax benefits given to corporations beyond this largesse. Businesses expect to get lower taxes and the continuation of older tax benefits, such as accelerated depreciation. All that, however, will not change the income of the tens of millions of current employees of those businesses. That's why it's necessary to encourage many types of equity- and profit-sharing that goes to normal workers.