Democratic presidential candidate Bernie Sanders has announced an “income inequality” plan calling for tax increases on companies that pay CEOs far more than their workers’ median salaries.
The Vermont senator’s proposal, unveiled Monday, would raise taxes 0.5 percentage points on companies paying top executives more than 50 times the median salaries of workers. Tax penalties would rise up to 5 percentage points for firms whose highest-paid official earns 500-plus times median worker pay.
The plan would apply to all private and publicly held corporations with annual revenues of $100 million or more. Sanders’ campaign says it would raise $150 billion over the next decade, which he would use to eliminate medical debt nationwide.
Source: News Formal (newsformal.com)
Let's remember how we got here. Average CEO pay to average worker pay ratio: Source AFL-CIO: 1990 – 42:1 1993 – 107:1 2000 – 525:1 2006 – 364:1 2009 - 263:1 2010 - 343:1 2011 - 380:1 2012 - 354:1 2013 - 331:1 2014 - 373:1 2015 - 335:1 2016 – 347:1 2017 – 361:1
Bernie !
Bernie would tax the dead if he cou ld
Yes!
Yes, tax them!
American people listen to him and all the Democrat 2020 candidates they are going to tax you to death to help only a few. The middle class will hurt the most. He admits the pain will be there. Thank you bernie for the warning Trump2020
Cap CEO salaries. None of them deserve tens of millions per year. They are the reason pensions no longer exist and people can't make a living wage. No CEO should make over 40 times more than their lowest paid employee.
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