The Socialist Party stands for a fundamental transformation of the economy, focusing on producing for need not profit, with the goal of a new society without social classes, and without exploitation based on class, race, or gender.
We call for a minimum wage of $12 an hour, indexed to the cost of living.
We support the provision of a livable guaranteed annual income for those outside the work force.
We call for a full employment policy and programs.
We call for all financial institutions to be socially owned and operated by a democratically-controlled national banking authority, which should include credit unions, mutual insurance cooperatives, and cooperative state banks, in order to meet the diversity of local and regional needs and the needs of various sectors of the economy.
We call for a steeply graduated income tax, and a maximum income of no more than ten times the minimum.
We oppose the International Monetary Fund, the World Bank, and the World Trade Organization as instruments of oppression throughout the world.
We support restoring and increasing federal grants to democratically controlled local and state governments.
We oppose balancing the federal budget at the expense of funding basic human services.
We call for a National Pension Authority to hold the assets of private pension funds and a levy against corporate assets for any pension fund deficits.
We call for increased unemployment compensation.
We support a program of massive federal investment in both urban and rural areas for infrastructure reconstruction and economic development.
We call for the elimination of subsidies and tax breaks that benefit corporations and wealthy households at the expense of working people.
We call for the creation of new jobs through the formation of worker- and community-controlled cooperatives, for the purpose of providing quality housing, health care, education, food, and clothing for all.
We call for Social Security, health, disability, and unemployment insurance to be paid for by a steeply graduated income tax and by a steeply graduated estate tax. We oppose such regressive taxes as the payroll tax, sales tax, and “sin” tax.
We support tax benefits for renters equal to those for homeowners.
We support the use of any federal budget surplus on human services rather than tax cuts that will only benefit the rich. We call for the creation of new jobs through the formation of worker- and community-controlled cooperatives, for the purpose of providing quality housing, health care, education, food, and clothing for all.
We call for Social Security, health, disability, and unemployment insurance to be paid for by a steeply graduated income tax and by a steeply graduated estate tax. We oppose such regressive taxes as the payroll tax, sales tax, and “sin” tax.
We support tax benefits for renters equal to those for homeowners.
We support the use of any federal budget surplus on human services rather than tax cuts that will only benefit the rich.