John, the CEOs of America’s largest corporations make too much money — don’t you think? Especially compared to the salaries and wages of workers in this country.
Don’t you think Steven Schwarzman, the CEO of Blackstone and a major Trump donor in 2020, makes too much money? Blackstone paid him $253,122,146 in 2022, over 1,000 times more than the company’s median worker. That’s a lot of money for Schwarzman to donate to Republican Super PACs.
Don’t you think Michael Rapino, the CEO of Live Nation — 2022 compensation at $139,005,565 — is making too much money? When Live Nation, who owns Ticketmaster, slaps you with outrageous, bogus fees to go see a concert, comedy show, or sporting event, Rapino is making millions. And he makes 5,414x the average Live Nation worker.
We definitely think these CEOs are making too much money. That’s why we’re all-in behind the Tax Excessive CEO Pay Act, legislation that would either punish corporations with a higher tax bill for paying CEOs so much or force them to raise the pay of their workers.
Add your name: Join progressive lawmakers right now in showing support for the Tax Excessive CEO Pay Act right now!
“Corporate greed is a disease,” Rep. Rashida Tlaib said as progressives introduced this bill a few weeks ago. “It’s disgraceful that corporations continue to rake in record profits by exploiting the labor of their workers. Working families deserve to live with human dignity.”
If the Tax Excessive CEO Pay Act had been in effect in 2022, corporations like McDonald’s, Nike, Walmart, JP Morgan Chase, and Google would’ve had to pay billions more in taxes.
Millionaires and billionaires don’t need higher salaries. Workers need better pay so they can afford rent, mortgages, daycare, groceries, medications, and more. That’s why this bill, which targets the massive income and wealth inequality in America, is so important. It’s time for the richest people in this country to pay their fair share in taxes.
Sign on today to urge Congress to pass legislation to tackle outrageous CEO pay and wealth inequality in America.
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