Friend -- it's simple: When corporate executives get huge salaries, taxpayers shouldn't be footing the bill.
But right now, that's essentially what happens. Because of an outdated loophole in U.S. tax law, when publicly traded corporations pay their executives' multi-million dollar salaries, the corporation gets to write it off of its tax bill.
That's why I've introduced the Stop Subsidizing Multimillion Dollar Corporate Bonuses Act: To make sure that corporations, and not taxpayers, are footing the bill for these massive salaries.
Do you think it's time to end this loophole and prevent hardworking taxpayers from subsidizing CEO pay? Sign on today >>
This bill will make sure that ALL executives' pay at public corporations -- rather than just a few specific top executives -- will be subject to caps on how much money can be written off at taxpayer expense.
Doing so will save taxpayers nearly $20 billion over the next 10 years. And, it will take away incentives for companies to pay bigger and bigger salaries all in an effort to get a lower tax bill.
But make no mistake: Any time that we try to check Wall Street's power, it fights back, hard. That's why, if we're going to pass taxpayer protections for good, I'll need to know that supporters like you are speaking up with me.
Don't let corporations pay million dollar salaries at the American taxpayer's expense. Add your name to join the call today!