When it comes to capitalism, Republicans like it and Democrats like it when everyone gets a piece of the pie. The Main Street Employee Ownership Act, led by Sen. Kirsten Gillibrand (D-NY) is a fair mix of both. It’s a provision in the $717 billion defense bill that gives more support to businesses that share stock or profits with its employees.
“Inequality of wealth is a problem, and there should be more wealth building in our free enterprise system,” said Michael Keeling, president of the ESOP Association, a national trade association promoting the growth of employee ownership in America through Employee Stock Ownership Plans, or ESOPs.