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senate Bill S. 20

Should Companies Lose Tax Breaks for CEO Compensation if They Don't Give Workers Raises to Cover Inflation?

Argument in favor

Companies need to take care of their employees, and if they’re not giving annual raises to workers but continuing to pay executives astronomical amounts they should lose relevant tax deductions.

Latricia's Opinion
···
07/01/2017
The ratio of CEO compensation to worker compensation is at a unprecedented disparity. Workers are what drive the success of any company and workers who comprise the majority of the population are what drive the economy. Henry Ford understood the importance of paying his workers a living wage. He wanted workers to be able to afford the cars they made thereby strengthening the success of the company. Many, but not all, of the uber-wealthy are little more than parasites sucking the life blood out of the citizens of this country.
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Ticktock's Opinion
···
07/01/2017
This will never happen. It'll take money out of the pockets of the rich and powerful to pay the middle class and poor. This goes against the track record already established by the Trump Administration and the Republican Congress. If they don't care enough to ensure the health of their employees what makes anyone think that they would be willing to improve or enhance their lives in any other manner? The only chance that the middle class or poor have to balance the engagements with the Trump Administration and Republicans will come in the 2018 & 2020 elections. Providing the Trump Administration doesn't get control of out voting records. Remember the Russians, the up coming elections can be stolen.
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Jesse's Opinion
···
07/01/2017
Not only yes to this, but also: Why are corporations getting TAX BREAKS for paying their CEO's over $1 million in performance-based bonuses? Am I misunderstanding this? Companies which are (in the opinion of this non-millionaire) already over-paying their executives get tax breaks for doing so? I feel sick.
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Argument opposed

A company’s owners and shareholders should be the final arbiters of how executives and workers are compensated, the federal government has no business telling them how to run theirs.

TuckerWantsLiberty's Opinion
···
07/01/2017
Why is it private business's job to cover the government's inflation?? Why must they fix your problem?? Just stop inflating the currency! End the organization that exists primarily to intentionally make money worth less - the federal reserve! What on earth makes you think that what companies pay employees is the government's responsibility? This is not government's domain, and it is not the market's responsibility to fix government's mistakes.
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Loraki's Opinion
···
07/01/2017
Government overreach!!! We said "NO!" to a minimum wage increase, so now the DemoCommies have come up with another attempt to redistribute the wealth! If employees feel they need a raise, they can either negotiate with the boss, or they can get more training or education, or they can look for another job that pays more. Some people even work two jobs if necessary! How many people are trying to live above their means and staying in debt, so they can keep up with the Joneses?! Quit expecting Uncle Sam to solve all your problems!
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operaman's Opinion
···
07/01/2017
Thank you @TuckerWantsLiberty for being so succinct in answering this question. I'm afraid our government is not the answer, but the perfidious provider of chaos. Remember that Government established corporations so many investors could share in the capitalist rewards. Employees earn their reward via a paycheck and maybe in discount company stock purchases. Inflation is a direct problem of government over spending which pushed the cost of goods and thereby decreasing the purchasing power of the worker when he seeks his purchased goods. The cost of goods sold is computed as follows: cost of beginning inventory + cost of goods purchased (net of any returns or allowances) + freight-in – cost of ending inventory. Employment is an expense to create goods. If only our government didn't looks at its revenue as an expense.
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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
    IntroducedJanuary 3rd, 2017
    The ratio of CEO compensation to worker compensation is at a unprecedented disparity. Workers are what drive the success of any company and workers who comprise the majority of the population are what drive the economy. Henry Ford understood the importance of paying his workers a living wage. He wanted workers to be able to afford the cars they made thereby strengthening the success of the company. Many, but not all, of the uber-wealthy are little more than parasites sucking the life blood out of the citizens of this country.
    Like (199)
    Follow
    Share
    Why is it private business's job to cover the government's inflation?? Why must they fix your problem?? Just stop inflating the currency! End the organization that exists primarily to intentionally make money worth less - the federal reserve! What on earth makes you think that what companies pay employees is the government's responsibility? This is not government's domain, and it is not the market's responsibility to fix government's mistakes.
    Like (48)
    Follow
    Share
    This will never happen. It'll take money out of the pockets of the rich and powerful to pay the middle class and poor. This goes against the track record already established by the Trump Administration and the Republican Congress. If they don't care enough to ensure the health of their employees what makes anyone think that they would be willing to improve or enhance their lives in any other manner? The only chance that the middle class or poor have to balance the engagements with the Trump Administration and Republicans will come in the 2018 & 2020 elections. Providing the Trump Administration doesn't get control of out voting records. Remember the Russians, the up coming elections can be stolen.
    Like (134)
    Follow
    Share
    Not only yes to this, but also: Why are corporations getting TAX BREAKS for paying their CEO's over $1 million in performance-based bonuses? Am I misunderstanding this? Companies which are (in the opinion of this non-millionaire) already over-paying their executives get tax breaks for doing so? I feel sick.
    Like (100)
    Follow
    Share
    Workers make companies profit and need to share the wealth. The economy stalls when wealth is concentrated in too few hands. The huge disparity between CEO and worker pay in the US is shocking and needs to be corrected. We need more employee-owned companies and workers need a living wage. Workers are motivated to work harder when they share in the compensation.
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    Vote yes on this bill. The working class should NOT subsidize places like Walmart because their employees can't make a livable wage so they need government assistance, like food stamps. CEO of Walmart received a 13% pay increase, it should be given to the working class, NOT ONE PERSON.
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    Another one of those "bills" where I say "are you kidding me it's even a debate to show care for workers?!?!?" But then I realize it's 2017 and kleptocrats are running the country. So sad.
    Like (46)
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    Government overreach!!! We said "NO!" to a minimum wage increase, so now the DemoCommies have come up with another attempt to redistribute the wealth! If employees feel they need a raise, they can either negotiate with the boss, or they can get more training or education, or they can look for another job that pays more. Some people even work two jobs if necessary! How many people are trying to live above their means and staying in debt, so they can keep up with the Joneses?! Quit expecting Uncle Sam to solve all your problems!
    Like (41)
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    This is a fascinating bill. Definitely worth a discussion as CEO pay continues to increase relative to employee pay.
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    Why do the corporations deserve tax breaks when their employees pay rates or salaries don't cover essential expenses?
    Like (36)
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    Lose tax breaks for CEOs? Tax breaks for CEOs? YES they should lose them! We're well on our way to having ultra rich and the rest poor with the middle class completely wiped out.
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    Worker pay relative to inflation has stagnated for years while CEO and executive pay has grown by leaps and bounds. If companies can't even manage cost of living increases in step with inflation, the CEO isn't doing his job. Tax breaks for CEO pay should absolutely be rescinded if the company can't give cost of living raises.
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    I think a CEO's pay shouldn't be 200 or 300 times the wage of the lower employees pay. Is inmoral.
    Like (26)
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    Thank you @TuckerWantsLiberty for being so succinct in answering this question. I'm afraid our government is not the answer, but the perfidious provider of chaos. Remember that Government established corporations so many investors could share in the capitalist rewards. Employees earn their reward via a paycheck and maybe in discount company stock purchases. Inflation is a direct problem of government over spending which pushed the cost of goods and thereby decreasing the purchasing power of the worker when he seeks his purchased goods. The cost of goods sold is computed as follows: cost of beginning inventory + cost of goods purchased (net of any returns or allowances) + freight-in – cost of ending inventory. Employment is an expense to create goods. If only our government didn't looks at its revenue as an expense.
    Like (23)
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    According to numerous respected economists, rising income inequality is a significant threat to continued economic expansion. I am thrilled that someone has drafted a sensible bill to do something about this. What I like about this bill is that it doesn't limit or restrict the business' decisions but instead incentivizes the desired outcome: a fair, living wage for the rank and file. So pipe down with all the "government overreach" comments. // And to the comments describing inflation as a negative outcome of government overspending, may I suggest brushing up on economics terms (such as what inflation really is) and history (such as researching Japan's period of stagflation in the 90's). Spoiler alert: we need a moderate amount of inflation for the economy to grow.//
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    DEMOCRAT Hollen for President! Vote yes! As conservatives say, get govt aka taxpayers out of free enterprise! It's so funny how all the "conservatives" on here love their welfare entitlements! If taxpayers, who are the majority of the poorly compensated workers, are actually giving even more of their money in taxes through tax breaks to CEOs to Not pay them fairly, in essence giving them even more money back, what sense does that make? Stop rampant Corporate welfare fraud; stop Corporate Entitlements for the rich, stop Corporate Socialism. Hold Corporate CEOs accountable for their greed. Shame they do not treat the American worker like they did in the 50s-70s when there were living wages, and regulation is needed to stop the fleecing of tax burdened taxpayers. GO DEMOCRATS! Bring more bills like this and show America who will help US workers!
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    It's about time my reps and senators started looking out for people, not corporations, special interest groups, and superPACS. Regulation is the people's checks and balances.
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    Many of our problems come from companies not paying living wages. If wages increased to compensate for inflation, many people would be able to do much better. Of course, it's a very complicated and nuanced issue that I can't get across in a message on Countable, but I do think this is a good idea overall. And for any religious here, remember: defrauding the worker of their wages is a crime that calls out to Heaven for vengeance.
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    I like this idea! Companies shouldn't get tax breaks for insane CEO compensation and then plead poverty as a reason not to raise worker pay.
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    Of course! People in this country are working harder than ever and many are still living paycheck to paycheck. Corporations need to pay their workers the compensation that they deserve and the gap between the CEO and lowest paid worker in a corporation needs to be reduced. Corporations should not get tax breaks when they pay their CEO's wild salary and hand out peanuts to their regular employees.
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