THIS WEEK IN WASHINGTON
Tax Excessive CEO Pay Act 1/28/2020
This week in Washington we are writing for social equality. Sen. Bernie Sanders, Rep. Rashida Tlaib and Representative Barbara Lee have introduced the Tax Excessive CEO Pay Act which would make corporations close the pay gap between CEOs and working Americans according to Daily Kos. Many corporations pay their workers the minimum wage forcing workers to rely on social services such as public housing, food stamps and Medicaid. The American Tax Payer is footing the bill for income inequality. 80 % of CEO's for S & P 500 companies receive more than 100 times the pay of the median employee in 2018. This legisltion would remedy this problem by imposing "graduated taxes for companies that pay their CEO more than 50 times the pay of the median worker. The wider the pay gap the higher the tax penalty. Call Congress today @ 202 224 3121 and ask for your Representatives support for the Excessive CEO Pay Act.