Topic

workers rights

102 petitions

This petition won 1 week ago

Petition to U.S. Senate, U.S. House of Representatives, President of the United States

DONE! Startup Employees to Senate: "Don’t Tax Stock Options Upon Vesting"

UPDATE: NOV 16, 2017 — As Axios reported: Sen. Orrin Hatch, chair of the Senate Finance Committee, released markups to the Senate tax plan, and gone was the bit about taxing stock options and restricted stock units at the time of vesting. Thank you for getting involved. Thanks also to Dan Primack of Axios for first writing about the issue, MJ Coren (QZ) and Dana Severson (Inc Mag) and Josh Constine (Techcrunch) who reported on this matter and linked to this petition. Share or Re-Tweet to thank them here:https://twitter.com/thomask/status/931200388321202181 ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ If you are an employee of a startup and received a stock option or RSU grant, this will potentially have a huge impact on you and this particular provision will be considered by the Senate as soon as TODAY.++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Reach out to your Senators TODAY and let them know that they “must remove Section III(H)(1) from the Senate Tax Cuts And Jobs Act”.The best way to do that is to call their office and speak to the staffer who handles tax reform for them.  ++++++++++++++++++++++++++++++++++++++++++++++++++++++++ The current draft of the Senate Tax Reform Bill would tax stock options and RSUs upon vesting. Currently, stock options are taxed upon exercise and RSUs are taxed upon release of the underlying shares. What this would mean is every month, when your equity compensation vests a little bit, you will owe taxes on it even though you can’t do anything with that equity compensation: You can’t spend it, you can’t save it, you can’t invest it. Because you don’t have it yet. Taxing equity compensation upon vesting makes no sense!  The US Senate, particularly the Republican leadership, needs to hear from you, the employees who will feel the pain of this change, that it is wrong. Otherwise, this provision could become law. And that would be the end of equity compensation in startups as we know it. What will happen is this provision becomes law? Startup and growth tech companies will not be able to offer equity compensation to their employees. Equity compensation will be replaced with cash compensation and the ability to share in the wealth creation for employees will be gone. This will have profound implications for the competitiveness of the US tech sector. So, what can we do about this? We have to move fast - this may be decided in days, not in weeks. Reach out to your Senators and let them know that they “must remove Section III(H)(1) from the Senate Tax Cuts And Jobs Act”. Sign & Share the Petition with your network and inside of your company. Comment below to show your support and share why this matters to you. Most of the summary is from Fred Wilson's post, Axios first reported this and Techcrunch's Josh Constine wrote a followup.

Thomas Korte
436 supporters
Update posted 1 month ago

Petition to Charlie Baker, Massachusetts State Senate, Massachusetts State House

Disability for Firefighters with Parkinson's Disease due to toxins on the job. (MA H.1455)

  A fire can expose firefighters to millions of chemicals and toxins. We have become aware of the massive risks these toxins pose for first responders, who breathe them in, ingest them, and absorb them through the skin while putting their lives on the line. Most states have adopted “cancer presumptive laws,” meaning that if a firefighter gets cancer on the job, they are automatically awarded accidental disability to see them through their illness. But the increased rate of Parkinson’s Disease (PD), a degenerative brain disorder, in firefighters has mostly been ignored. I am a firefighter who was recently diagnosed with Parkinson’s. I am not alone -- while the rate of PD in the general population is 3 out of 1000, it is 30 out of 1000 for firefighters. I am young to be experiencing this disease, but that’s often how it works for emergency responders, and there is mounting evidence that our exposure to burning chemicals is the culprit. I have 12 years left until I reach retirement, and, unfortunately, I am not sure I'll be able to keep working that long. My state of Massachusetts has great presumptive laws for firefighters, not only for cancer, but for heart and lung disease as well. It is now time for our legislators to include Parkinson’s Disease among these illnesses. We cannot ignore the connection between toxic chemical exposure and PD anymore. While PD usually develops slowly among the general population, symptoms often hit firefighters fast, seemingly out of nowhere. Research now suggests that toxin-induced PD has a more rapid onset than genetic PD, another indicator that we are, indeed, contracting this illness on the job. For those of us struggling with Parkinson’s, walking, talking, grasping and even blinking become increasingly difficult tasks to accomplish. Needless to say, continuing to work as firefighters while battling this disease is most often not possible. Indiana recently became the first state to include Parkinson’s in its presumptive law. This has provided unimaginable relief to many firefighters, who were running out of sick time, and facing unemployment and massive medical bills due to their debilitating disease. We now must band together and demand that more states recognize the link between firefighting and PD, and include PD among the illnesses covered by their presumptive laws. Please sign this petition to include Parkinson's in Massachusetts’ presumptive law, which would allow firefighters with Parkinson's to retire on full accidental disability.

Greg Heath
53,317 supporters