Billions of dollars in tax revenue and a failure to pay promised wages, mandatory payroll taxes and workers compensation insurance puts a large burden on carpenters as well as federal, state and local governments.
The culprit: payroll fraud — which is committed by employers that purposefully evade basic payroll taxes and insurance benefits by knowingly misclassifying workers as “independent contractors,” withholding pay or paying workers off the books.
Not only does it cost taxpayers billions, payroll fraud hurts honest businesses and exploits workers.
The Economic Policy Institute (EPI) estimates that wage theft — the act of withholding pay or not fully paying someone what they are owed — costs workers over $50 billion each year across the country.
It is time to give carpenters the tools to build better lives for themselves and their families. It’s about community. It’s about restoring respect to one of our country’s fundamental crafts.