Today, CEOs are making 320 times more money than what their average workers are making. That’s not OK.
It’s time to tax the big corporations that are fueling income inequality across America.
Last month, I introduced a Wealth Tax to ensure the wealthiest 0.05% of people in this country pay their fair share of taxes. Now, I’m standing with Representatives Rashida Tlaib and Barbara Lee, and Senators Bernie Sanders and Elizabeth Warren by co-sponsoring the Tax Excessive CEO Pay Act.
This bill would tax big corporations that pay their CEOs and other top executives at least 50 times more than they pay an average worker. CEOs currently make 320 times more money than the average worker. That’s the definition of excessive. It fuels income inequality and takes money away from workers.
It’s time to level the playing field and make corporations pay for these excessive executive salaries. Sign on as a citizen co-sponsor of the Tax Excessive CEO Pay Act to turn some of that CEO pay into tax revenue that invests in communities that really need it.
Sign on
Over the last four decades, CEO pay has gone up by 1,000%. That’s right: one thousand percent! And at the same time, average worker pay has only risen by 13%. The truth is that the rich continue to get richer, while the average worker tries to stay afloat. That’s not the way it should be.
This injustice has only continued during the pandemic. More than 40 additional people in America have become billionaires during a crisis that has left millions struggling to afford food and housing. The incredible social, economic, and racial injustice baked into the current system is horrifying. But this bill is one step in the right direction and could bring in $150 billion over 10 years to fund things our communities really need.
Can you add your name today as a citizen co-sponsor calling on Congress to tax the corporations who are showering their executives with excessive pay? We must stop corporate greed everywhere we see it, and bring power and resources back to the people.
In solidarity,
Pramila