John,

In 1965, the CEO-to-worker pay ratio was 21-to-1. Today it’s 320-to-1.

This doesn’t just hurt people in their working years. It hurts them in retirement too.

And, because virtually all new wealth is going to the richest 1%―who only pay into Social Security on a fraction of their income―income inequality is responsible for one-third of Social Security’s projected long-term funding shortfall.

Now, our champions in the House and Senate have introduced the Tax Excessive CEO Pay Act, which will tax companies whose CEO-to-worker pay ratio is above 50-to-1.

Add your name to become a grassroots co-signer of the Tax Excessive CEO Pay Act and demand an economy that works for all of us, not just wealthy CEOs.

And, because this tax penalty increases as the CEO-to-worker pay ratio increases, this bill incentivizes employers to pay their workers a fair wage. This benefits working people today and, in turn, strengthens Social Security―because the more you earn, the more you contribute toward Social Security.

You and I know that all it really takes to extend the lifespan of the Social Security Trust Fund is to demand the wealthy start paying their fair share of taxes. However, there’s more that we can do.

Join Social Security Works and our partners in calling on Congress to pass the Tax Excessive CEO Pay Act to hold corporations accountable and incentivize them to raise workers’ pay.

This bill will raise an estimated $150 billion over 10 years while creating a more just and equitable economy for all.

Thank you,

Michael Phelan
Social Security Works