We’ve got several scoops for you this morning. First, Rep. Tom Suozzi (D-N.Y.) is introducing a new bill aimed at getting companies to bring in more employees as stockowners. It’s a fresh take on Democrats’ focus on trying to shrink the wealth gap but with a more centrist spin.
The legislation incentivizes companies to distribute at least 5% of their stock to the lowest-paid 80% of their workforce by offering a 3% corporate rate cut in exchange. A previous version of the bill took a different approach.
Suozzi’s new tack is winning bipartisan buy-in. Rep. Mike Kelly (Pa.), the top Republican on the Ways and Means Tax Subcommittee, is co-leading the effort. Nine other Ways and Means Committee members from both parties are signed on, including GOP Reps. Brian Fitzpatrick (Pa.), Nicole Malliotakis (N.Y.) and Claudia Tenney (N.Y.).
Dem news. The NewDem Action Fund raised $600,000 at an event held Tuesday at District Winery for members of the New Democrat Coalition on the DCCC’s Frontline program. The hosts: Reps. Ami Bera (D-Calif.), Greg Stanton (D-Ariz.), Sharice Davids (D-Kan.) and Hillary Scholten (D-Mich.).
Ad news. VetVoice Foundation is launching a digital ad campaign going after Sen. Mike Lee (R-Utah) over his now-defunct public lands proposal. During the reconciliation process, Lee backed down from a plan that would facilitate the sale of millions of acres.
In the ad, a Marine veteran slams Lee’s plan as a “direct attack on our culture.”
The digital ad buy is backed by $3,000 and will target Utah voters. Lee isn’t up for reelection until 2028.
