Yes, We Actually Can Do Something About CEO Pay
A new report highlights effective policies to narrow CEO-worker gaps and marks progress to date.
Key players in the Capitol Hill budget debate are deadlocking over the U.S. corporate tax rate.
Senate Budget Committee Chair Bernie Sanders (I-Vt.) wants to push that rate up from the current 21 percent to 35 percent, the corporate tax rate before the 2017 Republican tax cuts. President Biden has proposed hiking the current rate to 28 percent. Sen. Joe Manchin (D-W.Va.) has set his sweet spot at 25 percent.
Other than arm wrestling, how could all the players here resolve their differences? They could top off a corporate tax rate increase with a CEO pay surtax — an extra levy on firms that pay their top executives absurdly more than their typical workers.
This approach would have two appealing selling points for Manchin and other moderate Dems.
Read Sarah Anderson’s full op-ed in The Hill.
by Sarah Anderson
A new report highlights effective policies to narrow CEO-worker gaps and marks progress to date.
by Sarah Anderson
The administration is using semiconductor subsidies as a lever for discouraging CEO pay-inflating stock buybacks in that industry. All companies receiving federal funds should face the same restrictions.
by Sarah Anderson
President Biden is cracking down on hidden fees that cost American consumers tens of billions of dollars a year.
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