- Not enactedThe President has not signed this bill
- The house has not voted
- The senate has not voted
Committee on FinanceIntroducedSeptember 19th, 2017
- senate Committees
The bonus pay tax deduction is a loophole that essentially serves as a reverse wealth transfer from the poor and middle class to the ultra-rich — it should be closed as it’s both unfair and unjust to expect average Americans to subsidize corporate executives’ paychecks.
Corporate executives’ pay is a matter for individual companies to set policy on internally. This is not an area where the federal government should play a role — especially since corporate board and shareholders already have the power to reduce executives’ pay on their own.