These are BILLS we need to have!
The CEO-Employee Paycheck Fairness Act stops corporations from claiming tax deductions for â€œperformance payâ€ for executives â€“ e.g. stock options and stock grants â€“ â€œunless their workers are getting paycheck increases that reflect increases in worker productivity and the cost of living.â€
Giving companies tax breaks for looting their own orgs to enrich CEO’s was always a stupid idea.
And this one is a step in the right direction as well:
Another idea that would match the boldness of the financial transactions tax in Van Hollenâ€™s action plan is to peg corporate tax rates to the ratio of CEO pay to worker pay. Last year, California state Senators Mark DeSaulnier and Loni Hancock introduced SB 1372, which raised the tax rate on companies that pay their CEO 100 times more than the median worker.
We definitely need this discussion, yes.