Hi,
In the 1970s, CEOs were paid 20-30 times the average pay of their
company’s middle-class workers. Today, a CEO at the largest 350 U.S.
publicly-owned firms makes close to 344 times the average pay of a typical
worker.^1 That’s outrageous corporate greed.
While workers are struggling to pay for groceries, rent, mortgages,
utilities, and prescription medications (and save for retirement), the
ultra-rich like Elon Musk and Jeff Bezos are making billions.
Senator Bernie Sanders just introduced the Tax Excessive CEO Pay Act^2 to
punish corporations for these giant pay disparities, lower CEO pay, and
increase wages for the working class.
[ [link removed] ]Sign the petition: Tell Congress to pass the Tax Excessive CEO Pay Act!
ADD YOUR NAME
When introducing the bill, Sanders said, “The American people are sick and
tired of CEOs making nearly 350 times more than their average employees
while over 60 percent of Americans live paycheck to paycheck.”
The legislation would increase taxes on corporations with
CEO-to-median-worker pay ratios above 50 to 1. If passed, the legislation
will either drastically force CEO pay down or raise around $150 billion
over 10 years.^4
We need this legislation to check corporate greed that passes on
ridiculously high salaries to CEOs for cutting corners and increasing
shareholder value instead of investing in workers and paying better wages.
[ [link removed] ]Add your name: Tax outrageous CEO pay now!
Thanks for taking action,
Joey and the team at Demand Progress
[ [link removed] ]DONATE
Sources:
1. Office of Senator Bernie Sanders, “NEWS: Sanders and Colleagues
Introduce Legislation to Combat Corporate Greed and End Outrageous CEO
Pay,” [ [link removed] ]January 22, 2024.
2. Reuters, "'Outrageous' CEO pay targeted in new bill from Bernie
Sanders, US Democrats," [ [link removed] ]January 22, 2024.
3. Office of Senator Bernie Sanders, “NEWS: Sanders and Colleagues
Introduce Legislation to Combat Corporate Greed and End Outrageous CEO
Pay,” [ [link removed] ]January 22, 2024.
4. Ibid.
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