Become a grassroots co-signer of the Tax Excessive CEO Pay Act to raise workers’ wages and ensure wealthy corporations are paying their fair share.
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John,
Did you know that the U.S. has added 50 new billionaires during the pandemic?1 All while millions more people have fallen into poverty and millions more have lost work and income.
But, while the pandemic has exposed and worsened income and wealth inequality, wage suppression has been going on for decades.
In the past 40 years, average workers’ pay rose by just 13%, while average CEO pay grew by more than 1,000%.
Today, the CEO-to-worker pay ratio sits at 320-to-1, a dramatic increase from 21-to-1 in 1965.2 But there’s something we can do!
Along with my colleague Representative Barbara Lee, I’ve introduced the Tax Excessive CEO Pay Act in the U.S. House to tax big corporations that pay their CEOs and other top executives at least 50 times more than they pay an average worker.
Can you become a grassroots co-signer of the Tax Excessive CEO Pay Act today to incentivize corporations to pay their workers a higher wage?
Sign now »
As Representative Lee said upon the introduction of this critical bill:
“As millions of families struggle to keep food on the table during a global pandemic and economic crisis, it is more important than ever that we close the CEO-worker pay gap and ensure that companies pay their workers the wages they deserve.”
The bill would raise an estimated $150 billion over 10 years that could be used to reduce racial, gender, and economic inequality. And it would only impact U.S. corporations with average annual sales for the three preceding years of at least $100 million.3
Become a grassroots co-signer of the Tax Excessive CEO Pay Act today to level the playing field for working people and ensure large wealthy corporations are paying their fair share.
Thank you for fighting by my side for an economy that works for all of us.
Rashida Tlaib via LeftNet
[1] https://americansfortaxfairness.org/billionaires/
[2] https://www.epi.org/publication/ceo-compensation-surged-14-in-2019-to-21-3-million-ceos-now-earn-320-times-as-much-as-a-typical-worker/
[3] https://berniesanders.com/issues/income-inequality-tax-plan/
