Democracy For America

Tax Excessive CEO Pay Act: Become a citizen co-sponsor

Senate Budget Committee Chairman Bernie Sanders has recently introduced the Tax Excessive CEO Pay Act which would increase the corporate tax rate by 0.5% for companies reporting a CEO-to-median-worker pay ratio of 50 to 1, and grow to a rate of 5% for companies reporting a ratio of 500 to 1 or higher.

The bill could raise as much as $150 billion over 10 years, thus reducing growing income inequality, while providing the financial resources we need to help millions of Americans still struggling to recover from the effects of the coronavirus pandemic.

Please join Robert Reich and DFA by signing on to be a citizen co-sponsor of Bernie’s bill to increase federal corporate taxes on companies that pay their CEO's an outrageously high amount of money when compared to their median worker.