This is the biggest economy in world history, but it is not yet the greatest. That’s because only some people have access to it. The rest are outside, looking in. For those who can buy access and influence, they’ve been able to purchase tax cuts for themselves and corporations; legislation that protects their interests, even if those interests are at odds with the rest of America—that’s why medication is so expensive and why we still don’t have universal background checks.
Beto has a plan to return our economy to the people, so we have a minimum wage that’s a living wage, health care for all, a tax code that gives a break to the middle class, and unions that have the power to organize. In Beto’s administration, everyone will participate in the economy—and it won’t only be the world’s biggest economy, but the greatest.
Beto believes we don’t only need more employment opportunities, but better ones—so no one needs to work two or three jobs to make ends meet. As president, he will create:
- More Jobs
- Investing in our crumbling infrastructure, improving our airports, increasing access to mass transit, expanding access to rural broadband, and modernizing our water infrastructure
- Increasing federal resources to create manufacturing jobs, which includes tripling funding for the Manufacturing Extension Partnership
- Rooting out racism and sexism in the small business lending market to translate investment into small businesses and jobs, helping protect and preserve over 200,000 women and minority owned small businesses by the end of Beto’s second term
- Appointing a Federal Reserve chair and governors who will prioritize full employment
- Better Jobs
- Fighting for a $15 Minimum Wage
- Strengthening the voices of workers, by:
- Protecting every worker’s right to form or join a union
- Fighting to eliminate state right-to-work laws
- Fighting for unions to be able to hold employers accountable for unjust treatment by increasing enforcement efforts
- Ending mandatory arbitration clauses, which rob nearly 60 million Americans of the right to take their employer to court, and stopping the misclassification of workers
- Ensuring every worker has access to paid family leave, so they don’t have to choose between caring for their families and their job
- Signing into law the Paycheck Fairness Act and ending pay disparities for women and particularly women of color
- Ensuring that individuals with disabilities earn the same wage as those without disabilities for performing similar work
- 21st Century Jobs
- Creating clean energy, conservation, and climate resilience jobs as part of our $5 trillion investment in combating climate change, with funding including paid-training grants to earn skills in this changing economy. Read more here.
- Investing $100 billion in the infrastructure of our schools
- Expanding paid training and apprenticeships programs, so workers can be trained for the jobs of today—and the jobs of tomorrow
As a former small business owner, Beto believes we must leverage the full force of our government to support the businesses we depend on to power our economy. As president, he will:
- Direct $100 billion in government contracts to small businesses, with half that opportunity going to women and minority entrepreneurs. This would spur and sustain over 200,000 women and minority owned small businesses by 2028
- Triple the Minority Business Development Agency (MBDA) to $102 million in annual funding to supply diverse entrepreneurs
- Increase annual funding to the Community Development Financial Institutions Fund (CDFIs) to $500 million
- Leverage targeted government contracting and other catalytic investments to unlock over a half a trillion dollars of economic opportunity for women and minority owned businesses
- Root out racism and sexism in the small business lending market to translate investment into new small businesses and jobs
- Read our full plan here.
Beto believes Wall Street is working for corporations and the wealthiest individuals at the expense of all of us. As president, he will:
- Impose a 0.1% financial transaction tax and use the revenue to support educational equity programs while also cutting down destabilizing speculation of high frequency traders
- Appoint regulators to monitor Wall Street, ensure banks are less likely to fail, and take on shadow banking
- Work with Congress to establish a Public Credit Reporting Agency in the CFPB that will provide accurate credit reports to lenders while addressing racial disparities, making access to credit more equitable
- Strengthen the CFPB, restoring oversight and reversing the damage of the Trump Administration
Beto believes Social Security is a sacred trust—a promise from our government that if you work hard, you’ll have what you need when you retire. But he also knows Social Security is under attack. As president, he will make strengthening and protecting social security a top priority, by:
- Signing into law a bill he cosponsored as a member of Congress called the Social Security 2100 Act. This bill:
- Increases benefits, cuts taxes on benefits, and updates the formula used to calculate annual cost-of-living adjustments, accounting for how much seniors spend on health care and other necessities
- Guarantees the viability of Social Security well into the next century by, for example, ensuring that millionaires and billionaires no longer pay proportionately less in Social Security taxes than truck drivers and nurses
- Ensuring social security works for today’s families by:
- Tackling the penalty for caregiving in Social Security benefits, which disproportionately undermines the retirement security of women—and women of color—by reducing their benefit levels.
- Ensuring two worker couples, particularly same-sex couples, get fair survivor benefits
- Allowing college students to receive their parents’ benefits when both parents pass
- Read the plan here.
Beto believes unions are the backbone of our middle class—and they have consistently been on the forefront of the economic justice movement in the United States. But they are under attack. As president, Beto would elevate the voice of workers, strengthen unions, and fight efforts to undermine them by:
- Signing into law the Protecting the Right to Organize Act (PRO Act), which would create meaningful penalties for employers that violate workers’ rights, prevent interference in union elections, enable unions to collect “fair share” fees, ensure workers who have certified a union can get a first contract, allow for secondary boycotts and pickets, and prevent employers from misclassifying their employees
- Overturning “right-to-work” laws
- Strengthening our labor and employment laws that were written 70 years ago and do not reflect the current economy
- Ending mandatory arbitration clauses, which rob nearly 60 million workers of the right to take their employer to court
- Ensuring federal funding that is used to create or support jobs is tied to fair wages and the right to organize
Beto believes women deserve equal pay for equal work. As president, he will:
- Close a pay gap which is disproportionately impacting women of color by passing the Paycheck Fairness Act, which would secure equal pay for equal work, by:
- Strengthening legal remedies for equal pay violations;
- Protecting workers who talk to their colleagues about their wages;
- Limiting use of wage history in the hiring process.
- Ensure robust support for the Equal Employment Opportunity Commission—because only 15% of claims of racial discrimination are resolved with some form of relief
- Appoint a Federal Reserve chair and governors who will prioritize full employment, which has been shown to especially benefit black workers’ wages.
Beto believes no parent should have to choose between caring for their child and pursuing their career. As president, he will:
- Expand access to affordable child care by increasing funding for the Child Care Block grant
- Enact a paid family leave policy that allows all parents to care for a child, but also care for themselves and other family members
- Create a system of universal pre-K
- Increase the Child and Dependent Care Tax Credit, making it refundable so that low-income families, who may not have tax liability, can still benefit
Beto believes that every worker should have the rights and support they deserve so one job is enough to support themselves and their families. But today, the American economy works for far too few, and President Trump has placed even greater hardships on American workers through his failed trade wars, tax cuts that benefit the wealthiest and corporations, and efforts to erode workers’ rights to organize. As president, Beto will propose a new 21st Century Labor Contract between workers, employers, and the federal government so that all workers:
- Will be able to join a union if that’s what they want by guaranteeing collective bargaining rights for all workers, boosting workers’ bargaining power and making union organizing easier
- Will get paid a living wage regardless of industry by raising the minimum wage to $15, establishing wage boards in industries with low union membership to deliver immediate wage gains for low-wage workers, and cracking down on misclassification of workers as independent contractors by employers
- Will need just one just to take care of themselves and their families by restoring the Obama-era overtime rule, providing seven days of sick leave per year and requiring employers to compensate workers for last minute schedule changes
- Will be hired and paid for what they do, not who they are, by signing the Paycheck Fairness Act to help close gender and racial wage gaps, protecting LGBTQ+ workers from discrimination and protecting undocumented worker from threats or retaliation
- Will have the training they need in a changing labor market by providing free tuition for 2 years at a community or technical college and investing $90 billion in federal funding to launch 5 million paid apprenticeships across the country
- Will have access to a fair labor market by banning non-compete agreements, prohibiting forced arbitration clauses and filling Federal Reserve vacancies with diverse appointees focused on full employment.
Read Beto’s full plan here.
Beto believes that trade can unlock opportunities for growth for all communities and enhance small businesses across the country, but that America must pursue smart trade agreements that defend our values and put American workers first. Beto’s approach to trade has been shaped by his experience living in and representing El Paso, Texas – a major port of entry for the United States – and the people he’s met from communities across the country experiencing the benefits and consequences of international trade. As president, Beto will chart a new path forward that will immediately end President Trump’s disastrous trade wars, aggressively pursue trade agreements that protect American workers and small businesses, and will employ comprehensive strategies to counter China’s anti-competitive actions. As president, Beto will:
- End Trump’s trade war on day one and suspend Trump’s tariffs that have destroyed markets for farmers and exporters and have amounted to a $100 billion tax increase on American consumers and businesses
- Defend American values and interests against competitors like China by modernizing the World Trade Organization to address 21st century trade issues and leading a global coalition to stop China’s anti-competitive behavior. Beto has also outlined a series of progressive actions he would be prepared to enact unilaterally to increase pressure on China if the WTO fails to act.
- Pursue trade agreements that support working families by negotiating trade agreements with strong labor and environmental standards and including labor, environmental and consumer groups in trade agreement development.
- Work to enhance the competitiveness of U.S. workers and small businesses by investing in workforce development and training and expanding market access for small businesses, exporters and manufacturers.