On the recordMay 12, 2010
This week, representatives from employee-owned S corporations from around America will be on Capitol Hill, giving a chance for Members and staff to hear directly from these employee owners how their investment and hard work facilitated by this unique ownership helps create jobs and helps their employee owners prepare for retirement; how they expanded jobs here in America, even in this difficult environment. In 2008, for instance, ESOP increased employment 2 percent, while our economy overall shed almost 3 percent of the jobs. Employee-owned business wages increased at twice the national average. Each company is a unique American success story. That's why I hope you will join me in cosponsoring H.R. 3586, the ESOP Promotion and Expansion Act, to protect and enhance employee-owned corporations.
