is an equity crowdfunding platform for companies and projects utilizing the advantages, skills, and experience of trade unions and industrial union labor.
When obtains Financial Industry Regulatory Authority, Inc. (FINRA) certification as a funding portal, will accept applications from companies and opportunity zone funds seeking to list public offerings of investment equity shares. In addition to evaluating applicants on whether companies are eligible to offer and sell securities through crowdfunding in reliance on the exemption under Section 4(a)(6) of the Securities Act of 1933 (“Securities Act”), will evaluate whether the companies plan to utilize the competitive advantage and experience of union laborers in the construction of their business facilities or in the operations or administration of their enterprises.
Eligible new businesses that utilize the advantages, skills, and experience of trade unions and industrial union labor will be able to list their projects on funding portal meeting the requirements of Title III of the Jumpstart Our Business Startup (“JOBS”) Act, which added Sections 4(a)(6) and 4A to the Securities Act and Sections 3(h) and 12(g)(6) to the Securities Exchange Act of 1934 (“Exchange Act”) to permit crowdfunding platforms and tap into the financial support of crowdfunding investors believing in the power of the Union Made label and its importance to quality goods and services.
has no relationship with, interest in, or financial tie to any union or labor federation and all crowdfunding listings will be transparent and made without bias solely on published criteria to promote a united fair economy and stronger communities.
Tap into the real wealth of working Americans. In addition to building our great country, Laborers in America save and reinvest their earnings. Retirement assets accounted for 33% of all household financial assets in the U.S. at the end of March 2019, with defined contribution (DC) plan assets reaching $8.2 trillion at the end of the first quarter — up 8.2% from year-end 2018. Of these DC plan assets, $5.7 trillion was held in 401(k) plans. Assets in IRAs totaled $9.4 trillion at the end of the first quarter, an increase of 8.3% from year-end 2018, while private-sector DB plans held $3.2 trillion in assets.
has been set up to help place some of this investment capital into projects where working Americans can better accomplish their financial and social goals.
Labor vs. Capital
In school, you probably learned the History of bringing fair and safe working conditions to jobs in the United States, often by employees organizing to negotiate effectively with businesses against short term exploitative market forces in favor of better practices and standards.
While your High School teacher may not have understood the subtle nuances of the relationship between Capital and Labor, if you have built a business in North America, you know that relationship is family. There will be differences, but we have the same forefathers and values. From Henry Ford, an uncompromising pioneer of mechanization and automation who knew that his UAW workers with a living wage would be his first and best customers to Professor W. Edwards Demming bringing world-class quality control to the manufacture of airliners to the shop floor and the continuous improvement of IAM machinists.
If you are building a business, you have seen union workers from AFL-CIO. You may have even turned to them for help. No one knows it all, and we are all expanding our skills and experience. When you opened that warehouse and the Teamster driver showed you how to get your first production safely loaded and on its way to make the deadline for that first big sale; the Union Roofers and Waterproofers raised seam roof installer that stopped working on the city’s highest-profile new construction sites to come out and show you how to save the foundation of the shop building you were opening; the Millwright that showed how the manufacturing machinery you bought needed to be set up on piers to keep the vibration from disrupting your new software process controls; or the Electrician that showed you how to get clean spike free power safely to your equipment.
When it is your money at risk, you know the value and savings of doing it right, the first time. That is why you selected trade subcontractors and supplier companies with experienced and properly trained employees to help you get the doors of your business open, and why you didn’t try to lay the new carpet of your showroom for the grand opening yourself, but instead proudly admired the mastery of Floor Coverers when everything about your company looked just right on the big day.
Just like you, union workers can see the nation is on the threshold of a major era of infrastructure renewal. This is happening at the same time that manufacturing is starting to return to America. A market is growing for new products and services and with the expansion, there are both new great risks and the potentially great rewards that attract entrepreneurs. Like angel investors, union workers that have stayed with their craft, mastered skills and have seen what works and what doesn’t over the decades have the savings and knowledge to profit from small equity positions diversified into products and services they understand and can see the utility of.
Like you, union workers are in it for the long term. It takes time to build a following and eventually a reputation earned for quality and value. Corners can be cut by some, and short term exploitative gains can be claimed, but that is not how real wealth is made. Union workers are attracted to investment opportunities and value propositions that demonstrate the potential to build a fair economy, that add more than they take. Not only for stakeholder owners, workers, and management; but for the community, and the environment. We want to add more strong products and services to the Union Made Label .
has been created as a crowdfunding platform to help progressive fair economy advocates evaluate and steer their resources toward equity offerings and opportunity zone funds that through the utilization of trade unions and industrial union labor have demonstrated that they have the potential to make real gains.
American business value and employment have grown over generations with reinvestment into new factories, technology, and main street businesses. While banks are less active in financing new businesses and startups, the opportunity for private investors has expanded with former President Obama’s passage of the Jobs Act which facilitates the use of website technology to efficiently
The JOBS Act: Encouraging Startups, Supporting Small Businesses
APRIL 5, 2012 AT 4:12 PM ET BY STEVE VANROEKEL, STEVEN VANROEKEL
Summary: For the first time, Americans will be able to go online and invest in small businesses and entrepreneurs, which will allow small and young firms to expand and hire more quickly
President Barack Obama signs the Jumpstart Our Business Startups (JOBS) Act, which includes key initiatives the President proposed last fall to help small businesses and startups grow and create jobs, in the Rose Garden of the White House, April 5, 2012. (Official White House Photo by Pete Souza)
Earlier this week, I was back in my home state of Iowa talking with tech entrepreneurs about the Administration’s progress leveraging technology to innovate with less, improve transparency and efficiency, and better serve the American people. As fellow tech junkies, we spent plenty of time talking about Government’s role in open data, application programming interfaces to Federal systems and more. But we also had a chance to talk more broadly about the vital role start-ups and small businesses play in strengthening our economy, creating jobs, and nurturing innovation.
President Obama recognizes the critical role these types of high-growth startups and innovative entrepreneurs play in creating an economy that’s built to last. That’s why back in the fall – and again in his State of the Union Address– the President put forward a series of specific proposals to ease regulations that prevent aspiring entrepreneurs from accessing the capital they need to grow and create jobs. Today, the President put many of those proposals to work when he signed into law the Jumpstart Our Business Startups (JOBS) Act – a bipartisan bill that will help encourage startups and support our nation’s small businesses.
As the President said at today’s signing, “this bill is a potential gamechanger” for America’s entrepreneurs. For the first time, Americans will be able to go online and invest in small businesses and entrepreneurs. Not only will this help small businesses and high-growth enterprises raise capital more efficiently, but it will also allow small and young firms to expand and hire faster.
Whether you’re in Silicon Valley, Silicon Alley, or Silicon Prairie, this bill is a win-win for small businesses, for the economy, and for the American people.
Steven VanRoekel was the Obama Administration Federal Chief Information Officer
Tax Cuts and Jobs Act of 2017
Impact on Investors
The year 2017 was a dramatic time for investors. The stock market rose by about 40%, swelling most investor portfolios and retirement savings. The Tax Cuts and Jobs Act of 2017 (TCJA) made sweeping changes in many tax rules, but it will take time to determine precisely how they will impact investors. It is, however, clear that now is a good time for investors to reassess their holdings, factor in the new tax rules, and determine what to do going forward.
The TCJA did not change the basic rules for taxing net capital gains and qualified dividends. The same long-term capital gains rates—0%, 15%, and 20%—continue to apply. Because of the reduced tax brackets for individuals, however, the tax on this investment income will be lower.
The breakpoints for the zero and 15% rates are based on the same breakpoints under current law, but are indexed for inflation for tax years beginning after 2017 (chained consumer price index for urban consumers, C-CPI-U). Applying this new rule for the breakpoints, the 0% rate on net capital gains and qualified dividends essentially applies to those in the 10% and 12% regular income tax brackets (compared with 10% and 15% under prior law); the 15% tax rate applies to those in the 22%, 24%, 32%, and 35% tax brackets (compared with 25%, 28%, 33%, and 35%); and the 20% rate applies to those in the top tax bracket of 37% (compared with 39.6%).
Investors who acquire shares of stock at different times and sell off part of their holdings can identify the shares being sold (“the specific identification method” for determining basis). This can favorably affect capital gains or losses, according to the investors’ choosing. For example, an investor may have an overall gain but realize a loss by selling specific shares that can then offset other capital gains. There had been a proposal to impose a first-in-first-out (FIFO) rule for such sales, but it was not included in the final package. Investors can continue to use the specific identification method for sales; however, the FIFO rule remains the default rule for determining the basis of shares sold.
CPA Journal First Look at the Tax Cuts and Jobs Act of 2017