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senate Bill S. 2849

Should Corporations’ Tax Rates Increase if Executives are Paid Excessively?

Argument in favor

Corporations that overpay their executives at the cost of fairly compensating the average employee or investing in the company’s long-term growth are short-changing American workers in favor of lining senior management’s pockets. Such companies are contributing to overall economic inequality in the U.S., and should be required to pay a higher corporate tax rate as a penalty for their failure to look out for workers’ best interests.

KansasTamale's Opinion
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12/01/2019
It’s hard to make blanket assumptions about a company from just the salary of the CEO. BUT if that salary is 10% above the workers salary that company has enough money to pay more taxes. There is no reason for millions & millions going to the boss when the workers who actually know the bottom floor of that business and RUN the company make $30,000 or less. That’s what a $15.00 an hour minimum wage worker makes. Those Corporations that overpay their executives at the cost of the average employee are short-changing American workers & the people who buy their products. Such companies are contributing to overall economic inequality in the U.S., and should be required to pay a higher corporate tax rate as a penalty for their failure to look out for workers’ best interests.
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Jim2423's Opinion
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12/01/2019
CEO’s seem to get the biggest bonus’s and pay raises. Yet everyone with a brain knows it’s the floor worker who actually makes the company money. CEOs are the biggest overhead.
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Mindfulness's Opinion
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12/01/2019
Here’s where the so-called evangelicals-bible thumpers seem to ignore the Scriptures advocation of “...those who have more..should give more..” Or, do they accept...”Greed is Good..”. You know this truth, don’t you?
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Argument opposed

Runaway executive compensation is a corporate governance, not tax, problem — and it isn’t the federal government’s job to determine what excessive pay is. If lawmakers are serious about requiring companies to pay workers more, they should look to corporate governance reform, not the imposition of a tax penalty for high corporate executive compensation relative to workers’ pay, to compel corporations to raise workers’ raise.

Keith's Opinion
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12/01/2019
It is not the governments responsibility to regulate this. If shareholders don’t like it they will take action. Government needs to stay out of business. In fact they need to stay out of everything possible.
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Bob's Opinion
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12/01/2019
Taxation is theft, and companies should be allowed to pay as much as they want to whomever they want.
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James's Opinion
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12/01/2019
Heck No! Get off this Socialist minded BS. Corporations need to draw the best and brightest in the business world! When that corporate exec brings his or her talent and know how too that corporation and makes not only that corporation but it’s shareholders and employees successful as well plus giving a lot of $$$$ to charity! That’s a winning situation And they should not be penalized! It’s one thing if they are sending jobs and manufacturing overseas and stuffing their own pockets however if they are truelly American with majority of their workers and business here then Bravo for them!
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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
    IntroducedNovember 13th, 2019
    It’s hard to make blanket assumptions about a company from just the salary of the CEO. BUT if that salary is 10% above the workers salary that company has enough money to pay more taxes. There is no reason for millions & millions going to the boss when the workers who actually know the bottom floor of that business and RUN the company make $30,000 or less. That’s what a $15.00 an hour minimum wage worker makes. Those Corporations that overpay their executives at the cost of the average employee are short-changing American workers & the people who buy their products. Such companies are contributing to overall economic inequality in the U.S., and should be required to pay a higher corporate tax rate as a penalty for their failure to look out for workers’ best interests.
    Like (77)
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    It is not the governments responsibility to regulate this. If shareholders don’t like it they will take action. Government needs to stay out of business. In fact they need to stay out of everything possible.
    Like (47)
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    I support the notion behind this legislation to help reduce the ever-growing wealth gap which greatly limits other lower income groups from getting ahead. However, I am concerned about unintended consequences. First, I do not believe that large corporations are fundamentally corrupt; I do believe that any corporation acts in it’s own self interests which can be unfair and abusive to workers. Secondly, since many large corporations are global in nature, excessive taxation has and will continue to cause them to move more and more work out of this country and even their corporate offices to countries which offer much more favorable tax rates. They are not, in most cases, simply American Companies- only. I think, the best way to attack the wealth gap, and the CEO leveraged wealth gap is by increasing the marginal tax rates on high-income, high-wealth earners, legislation to incentivize corporations to view their workforce as assets and stakeholders contributing to their success, funding the IRS auditors of corporate taxes to enable them to take on the army of tax attorneys that corporations can afford in order to close the many loopholes used to avoid taxation and to highlight loopholes which exist that warrant legislative control, and finally- eliminating any ability of corporate profits to diverted in any way to directly or indirectly buy political influence. Big CEO salaries, in many cases, have more to do with their connections and ability to influence politicians than the products or services they provide to their customers. Legislation of the types I would prefer are not at all likely to get past the Republican Senate and would certainly be opposed by trump-Barr Inc.
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    CEO’s seem to get the biggest bonus’s and pay raises. Yet everyone with a brain knows it’s the floor worker who actually makes the company money. CEOs are the biggest overhead.
    Like (40)
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    Here’s where the so-called evangelicals-bible thumpers seem to ignore the Scriptures advocation of “...those who have more..should give more..” Or, do they accept...”Greed is Good..”. You know this truth, don’t you?
    Like (33)
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    Corporations that overpay their executives at the cost of fairly compensating the average employee or investing in the company’s long-term growth are short-changing American workers in favor of lining senior management’s pockets. Such companies are contributing to overall economic inequality in the U.S., and should be required to pay a higher corporate tax rate as a penalty for their failure to look out for workers’ best interests.
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    Time to end corporate welfare and make all companies that do business here pay taxes
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    Middle class people are carrying too much of the tax burden while these ridiculously wealthy people get away with paying barely anything
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    Taxation is theft, and companies should be allowed to pay as much as they want to whomever they want.
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    20 to 1 that should be the ratio. 20 times the living wage is more than enough for anyone.
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    If they have enough money to pay the salaries for the CEOs and don't use it to pay their employees more then yes they should have to pay more in taxes. This bill would force corporations to look into using that extra money to pay their employees more, so they don't have to pay so much in taxes.
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    Absolutely. All CEOs do is juice their stock prices for themselves. CEO’s shouldn’t make 500 times the average workers wage nor should they get stock options and golden parachutes!
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    Yes, this is needed. There is a direct correlation to excessive pay and poverty. https://www.bls.gov/opub/mlr/1987/06/art4full.pdf
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    Corporate taxes PAID BY the corporations should make up 50% of revenue the federal government takes in. No pass alongs, no tax shelters, they pay.
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    Absolutely their tax rate should increase just like mine does if I get a increase in pay. I have to pay more in taxes.
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    Yes! This could potentially put a stop to this kind of nonsense!
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    Corporate wealth drives inequality. I’m ready to see both end.
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    If they can find the money to pay themselves more extravagantly, they can afford to pay taxes
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    Socialism is just as much a part of America as is Capitalism. Who do you think pays for the roads that we all use? Who do you think pays for our massive defense budget? We need to level the playing field. The socioeconomic division in America is only getting worse. Civil servants, e.g. teachers, police officers, EMTs, firefighters, postal workers, nurses, janitors, maids and farmers give their lives to making society a better place. Corporate executives- greed- takes more than enough to justify their positions. And we wonder why there is social uprising and class warfare in this country.
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    Absolutely! I am tired of the big corporations getting big tax breaks and the executives getting big bonuses for doing their jobs. The small person ALWAYS loses. The rich get richer and the poor get poorer. It is the way it has always been but extremely tired of it, literally and figuratively.
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