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senate Bill S. 1843

Eliminating Corporations' Ability to Deduct "Excessive" CEO Compensation From Their Taxes

Argument in favor

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.

Christine's Opinion
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08/16/2018
Why do they make questions where a yes is no and a no yes? I oppose deductions of these CEO compensations.
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Jennifer's Opinion
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08/16/2018
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.
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Scott's Opinion
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08/16/2018
CEOs are overpaid. The company should be forced to show value for the compensation. If they cannot deduct it they will be more likely to be forced to justify it.
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Argument opposed

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.

Mart's Opinion
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08/16/2018
How they spend the money is their business. It’s a business expense, it’s deductible. Now if you would tax the recipients of those bonuses correctly that would be an idea.
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TuckerWantsLiberty's Opinion
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08/16/2018
Where to begin? You don't get a say in what anyone (ANYONE, CEO or otherwise) gets paid. If an employer is willing to pay it and an employee is willing to take it, then you're a moron, a tyrant, or both if you prevent them. Second, whence comes the justification to use the tax system for social engineering? Taxation is evil enough on its face, but now you're applying extra evil to people and behaviors you don't like or understand. Third, this is how you cripple the American economy, by decapitating it. The market value of someone who can successfully coordinate tens of thousands of people to generate hundreds of millions of dollars of value for consumers is in the tens of millions. The ratio of that salary to the wage of the most replaceable employee is arbitrary and capping it is idiotic. "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design" - F.A. Hayek. Take that quote to heart, central planners.
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Joanne's Opinion
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08/16/2018
Don’t you think corporations get enough already! Stop the corporate welfare and help the rest!
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bill Progress


  • Not enacted
    The President has not signed this bill
  • The house has not voted
  • The senate has not voted
      senate Committees
      Committee on Finance
    IntroducedSeptember 19th, 2017
    Why do they make questions where a yes is no and a no yes? I oppose deductions of these CEO compensations.
    Like (129)
    Follow
    Share
    How they spend the money is their business. It’s a business expense, it’s deductible. Now if you would tax the recipients of those bonuses correctly that would be an idea.
    Like (50)
    Follow
    Share
    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.
    Like (79)
    Follow
    Share
    CEOs are overpaid. The company should be forced to show value for the compensation. If they cannot deduct it they will be more likely to be forced to justify it.
    Like (43)
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    Duh. They get enough!! They take enough!! They steal enough!! Enough!!!
    Like (40)
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    We give corporations enough, they should have to pay some taxes. Republicans probably won’t vote for it though.
    Like (28)
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    Ridiculous compensation should not be tax deductible! Why are we subsidizing "trickle-up" wealth redistribution?
    Like (21)
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    How about a maximum wage? Top pay in the building can’t exceed 1000% of the lowest wage. Think about it you’ll understand that it’s a better way. Also give Medicaid to owners of business with less than 100 employees and to there employees.
    Like (14)
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    Where to begin? You don't get a say in what anyone (ANYONE, CEO or otherwise) gets paid. If an employer is willing to pay it and an employee is willing to take it, then you're a moron, a tyrant, or both if you prevent them. Second, whence comes the justification to use the tax system for social engineering? Taxation is evil enough on its face, but now you're applying extra evil to people and behaviors you don't like or understand. Third, this is how you cripple the American economy, by decapitating it. The market value of someone who can successfully coordinate tens of thousands of people to generate hundreds of millions of dollars of value for consumers is in the tens of millions. The ratio of that salary to the wage of the most replaceable employee is arbitrary and capping it is idiotic. "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design" - F.A. Hayek. Take that quote to heart, central planners.
    Like (13)
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    Yes, limits need to be placed of tax loopholes that benefit the few and not the many.
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    I can't believe we're even asking this damned question. Teachers can't deduct the cost of paper they shouldn't have to buy in the first place from their taxes, but we have to debate whether "corporate citizens" should have to pay taxes on their yearly CEO bonuses? When these asshats already earn over 900% of the US average wage per hour, and pay less than 1% of the US tax rate? No, these Corporate Citizens need to be subject to the new reinstatement of the 90% tax bracket instead: Anyone, corporation or individual, who has a billion or more in resources now officially has enough damned money, and they need to start paying 90% of all future profits back into the US economy. No excuses, no dodges, no loopholes, no sob stories. Let's start leveraging the real US welfare queens -- the Deadbeat Billionaire's Club -- into paying their keep the same as the rest of us!
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    If average, taxpaying citizens can no longer deduct ALL state and local taxes, corporations should lose this deduction. After all, OUR tax rates were not cut by 19%. Corporations are not, and never will be, benevolent creatures. They do not deserve over-protection by a government of, by and for the PEOPLE.
    Like (9)
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    Bottom line is that the people’s Tax dollars should not be used to subsidize Executive Compensation. Companies should carry the burden of their compensation alone. Imagine if the government limited compensation — companies would go apoplectic. The government shouldn’t limit nor should it enable or subsidize CEO/Executive compensation.
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    Just another attempt of the socialist and communists among us trying to take what is not theirs out of jealousy.
    Like (7)
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    Don’t you think corporations get enough already! Stop the corporate welfare and help the rest!
    Like (7)
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    This basically says that companies should get a benefit for making the mistake of paying people too much? This is the dumbest thing I've ever heard.
    Like (7)
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    “Greed..IS NOT good” Don’t you think?
    Like (7)
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    The argument that a corporation will not attract the best people unless they offer these excessive salaries and other compensation feeds the attitude that these people are in fact better than the regular workers who in fact are the foundation or rock upon which that corporation would not exist without those workers. We should rethink how we pay for every person working for that business. The highest paid are often the least productive.
    Like (6)
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    Why wouldn’t it be. They got a huge tax reduction already - they do not need another tax break
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    If we're going to eliminate anything it should be elimination of income and business tax completely.
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