- Not enactedThe President has not signed this bill
- The house has not voted
- The senate has not voted
Committee on FinanceIntroducedNovember 13th, 2019
- senate Committees
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.
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.