October 7, 2019
Pay Ratio: Bernie Sander’s “Tied to Higher Corporate Taxes” Campaign
– Broc Romanek
As it has for the past few election cycles, executive compensation is working itself into the 2020 Presidential campaign. Bernie Sanders announced a proposal last week that would increase the corporate tax rate if a large company’s pay ratio is 50x or more (it would apply to any public or private company with more than $100 million in revenue). Here’s some news articles about it:
– VOX’s “Bernie Sanders wants to tax companies that pay their CEOs way more than their workers”
– NY Times’s “Sanders Proposes Corporate Tax to Address Pay Gap at Big Companies”
– Washington Post’s “American CEOs deserve a pay cut. Bernie Sanders has a plan to make that happen.”
– Business Insider’s “Bernie Sanders unveils ‘inequality tax’ targeting companies where CEOs make far more than workers”