LOCAL
Chase Bank told create jobs with tax windfall
“We came to Chase today to call on it to do more to generate more jobs,” said Aletha Johnson, a homecare worker and member of Working Washington. “The banks got a huge bailout from us when they were in trouble. Their profits are back. But there aren’t enough jobs. If Chase gets another $1.4 billion, it’s time to put that money towards the new jobs that are crucial to fixing this economy.”
After marching past a home that Chase has foreclosed upon as well as a school and a clinic that have had their funding slashed, residents delivered a letter to Chase to call for the bank to use the $1.4 billion tax refund to:
- Commit to a community jobs fund
- Provide foreclosure relief
- Reduce fees it charges for delivering public assistance funds to Washingtonians
- Support healthcare, education, and other critical public services in Washington
Chase can afford to do more to grow jobs. In 2009-2010, it made a $29 billion profit. Chase increased its CEO Jamie Dimon’s compensation in 2010 by $19 million.
Saturday’s march was organized by Working Washington, a community-based group organizing to secure good jobs in Washington and to hold corporations who broke our economy accountable. Learn more at WorkingWA.org.