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John,
Greedy corporations and their CEOs have never had it so good. They’re price gouging consumers while CEOs are making 290 times that of their average worker.
To put this in context, the typical Starbucks worker would need to work 6,600 years to make what their CEO made last year―$95.8 million!
At the same time, Tesla’s board of directors is considering a nearly $1 trillion pay package to Elon Musk, who is already the richest man in the world.
That’s why Bernie Sanders and I have introduced the Tax Excessive CEO Pay Act to tax corporations that pay their top executives more than 50 times their average worker.
At a time when billionaire wealth in the U.S. has reached a record $7.6 trillion and when 60% of Americans live paycheck to paycheck, this bill would put a constraint on excessive CEO pay packages and encourage corporations to raise workers’ wages.
Tell Congress to act by adding your name as a grassroots co-sponsor of the Tax Excessive CEO Pay Act.
Sixty-two percent of Americans are in favor of putting a cap on CEO pay, relative to worker pay. Even Pope Leo has endorsed reining in CEO pay:
If the Tax Excessive CEO Pay Act becomes law, and Tesla’s board approves Elon Musk’s nearly $1 trillion pay package, Tesla would owe up to $100 billion more in taxes over the next decade.
Add your name as a grassroots co-sponsor of the Tax Excessive CEO Pay Act now to demand Congress act.
Together, we’re demanding an economy that works for everyday people, not just wealthy CEOs and corporations.
In solidarity,
Rashida
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