CEO pay is out of control: On average, CEOs make 200 to 300 times the average pay of their workers. That sort of inequality is dangerous and detrimental to the health of our economy. The extra cash in those inflated CEO paychecks used to go to workers. This inequality is stagnating wages and shrinking the middle class, incentivizing profits over people, and disproportionately affecting people of color.

It's time to take action and hold corporations accountable for widening the income gap by passing the Tax Excessive CEO Pay Act. This act would punish massive CEO pay gaps and institute a corporate tax if corporations pay their CEOs more than 50 times their median workers. The wider the gap, the higher the tax.

If you're fed up with out-of-control CEO pay, will you add your name now to demand Congress pass the Tax Excessive CEO Pay Act?

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Because of the ways CEOs are compensated - often in bonuses or stock benefits instead of wages - CEOs have every incentive to divest in workers and prioritize stock holders. Stock buybacks become more important than company health, and working people fall further and further behind as they struggle to make ends meet.

This was abundantly clear after the Republican tax scam that gave billionaires, millionaires, and corporations MASSIVE tax cuts at the expense of everyone else. Instead of investing in wages, benefits, and training for working people, many corporations slashed jobs while massively enriching their investors and shareholders by buying back stock and driving up stock prices.

We can't afford to fund corporate welfare in this country - especially when the vast majority of people aren't benefiting from it. At Civic Action, we believe governments can fund whatever they prioritize, and it's past time we prioritize working people by building the economy from the bottom up.

The Tax Excessive CEO Pay Act could raise roughly $150 billion over 10 years, which we can then use to help working people who are struggling to get by - instead of enriching wealthy CEOs making 200 to 300 times their median workers. It's better for the economy when working people win, and we can't afford the status quo.

Will you add your name now and demand Congress pass this law?

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We're counting on this team to demand action on this important bill.

Paul



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