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Income inequality is a serious problem facing our nation. The pay disparity between the average American CEO & average worker is a ratio of 303-to-1. The #GOPTaxScam is doubling down on this pain w/ reports that corporate executives have profited handsomely under the new tax law.
We must take a stand against this type of inequality by imposing a tax on corporations that pay CEOs salaries higher than 100x what it pays workers. @RepBonnie & I are pushing a bill in Congress that would impose this tax.https://www.politico.com/story/2018/07/30/eye-popping-payouts-for-ceos-follow-trumps-tax-cuts-747649 …
No eye-popping CEO salaries should be allowed unless equivalent wage/benefit adjustments are given to employees — without employees, there is no work product and no corporation...
How would your bill affect c-suite earnings from stock sales? These are typically excluded from regular salary-based taxes
Cleaner alternative: raise personal income taxes for high-paid, remove caps on payroll tax. Raise minimum wage and lower tax on low-paid. But is this just an “opposition message bill”, no chance of passage? OK, then effectiveness of tax law isn’t the point. Wait for majority.
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