PRINCE GEORGE’S COUNTY ADOPTS NEW POLICY TO DEPOSIT AT LEAST 50% OF COUNTY FUNDS IN LOCAL, SMALL, AND MINORITY-OWNED BANKS
Last week, the County Council finished putting in place a new “Jobs First” policy (initially adopted last year) that requires at least 50% of County funds, your tax dollars, to be deposited in local community banks – Local, Small, or Minority-Owned Banks with branch locations in Prince George’s County. Lending by community banks serves the interests of “Main Street” – small businesses and nonprofits, middle class jobs, and local wealth creation – not Wall Street. We are investing more public dollars in our local, small, and minority-owned banks because these main street banks invest in our local community and tax base, creating jobs and generating revenue for critical services like schools, safety, transportation, and services for seniors and youth.
While we are investing in Main Street here in Prince George’s County, Donald Trump and the Republican Congress on Capitol Hill are trying to give another bailout to Wall Street. The Republican Tax “Reform” Plans will take away critical tax deductions for middle class families, like the personal and dependent exemptions, offsets for state and local income and property taxes, deductions for medical devices, and the lifetime learning education tax credit, while limiting the mortgage interest deduction. All of this will pay for permanent tax breaks for Donald Trump and Wall Street, which, the Trump Administration claims, will trickle down to the rest of us.
Here on Main Street, we know better than that because we have seen this playbook before. The choice is clear – do we empower Main Street and the middle class or do we give more tax bailouts to Wall Street through 1980s-style “trickle down economics?” Join me and choose Main Street and resist Donald Trump by supporting the Jobs First Movement and my campaign for Council At-Large here: www.jobsfirstmovement.net.
Have a Wonderful Thanksgiving!
Don’t forget that this Saturday is “Small Business Saturday”: www.shopsmall.com. Please support Prince George’s County’s small, minority, and woman-owned businesses!
And please support Giving Tuesday on Nov. 28!: https://www.givingtuesday.org.