2012 GOP Platform Endorses ESOPs

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Chapter 1 of the 2012 Republican Platform - We Believe in America, Restoring the American Dream:Rebuilding the Economy and Creating Jobs, specifically incorporates employee stock ownership plans (ESOPs) into their plank entitled A Twenty-First Century Workforce:

Republicans believe that the employer-employee relationship of the future will be built upon employee empowerment and workplace flexibility, which is why Republicans support employee ownership. We believe employee stock ownership plans create capitalists and expand the ownership of private property and are therefore the essence of a high-performing free enterprise economy, which creates opportunity for those who work and honors those values that have made our nation so strong. Today’s workforce is independent, wants flexibility in working conditions, needs family-friendly options, and is most productive when allowed to innovate and rethink the status quo. The federal government should set an example in making those adaptations, especially in promoting portability in pension plans and health insurance.