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Dear friend, Sen. Bernie Sanders recently introduced the Tax Excessive CEO Pay Act, a bill that would apply a higher corporate tax rate on companies that pay their CEOs an outrageously high amount of compensation compared to their median workers. Just 50 years ago the standard CEO made one million dollars per year, an average of 20 to 30 times the median pay of the average worker. Now, the typical CEO of a firm in the S&P 500 makes nearly $15 million per year, or 320 times the median pay of their average worker. Sign the DFA petition and support the Tax Excessive CEO Pay Act.
The Tax Excessive CEO Pay Act would target companies with the biggest gaps between CEO and median worker pay, increasing the corporate tax rate by .5 to 5 percent more for every dollar of excessive pay that is 50 to 500 times the pay of the median worker. This legislation penalizes companies pay a price for giving payouts at the top while ignoring their workers. To make something good happen in Washington, good people outside Washington have to organize and mobilize. Support Sen. Bernie Sanders by becoming a citizen co-sponsor of the Tax Excessive CEO Pay Act. & before you go ... It costs a lot to send out civic engagement actions to 300,000 people, and your support keeps us afloat ! Can you help us cover our costs with a donation of $5, $25, or even $50 to help us with this important work? (And yes, WE ALSO TAKE PAYPAL.) Thanks for reading, Susan Madrak, Consumers United For Fairness www.cuffnow.com P.S. Can 20 of you please donate $25 each to help us cover our bills this month? At your request, we do take Paypal. P.P.S. Remember ... If you are struggling, if you’re hungry, click here or here or here to find a food pantry near you. (Don’t be embarrassed -- I’ve used food banks when I was really broke and the people were always very nice.) 211.org is also a good resource to get all different kinds of assistance. |
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