Bernie Sanders Wants Business Tax on CEOs Paid 50 Times More than Median Employee

[mystery-ak]

Bernie Sanders Wants Business Tax on CEOs Paid 50 Times More than Median Employee

Wendell Husebo 17 Mar 2021

Sen. Bernie Sanders (I-VT) introduced legislation to tax companies that pay CEOs more than 50 times their median employees. The new scheme comes after Sanders failed to get the $15 minimum wage hike into the coronavirus package.

According to the Wall Street Journal, the “bill would raise the corporate tax rate for companies with gross receipts of over $100 million a year where the CEO is making anything more than 50 times the median worker.”

On top of the existing 21 percent corporate tax rate, the tax increase “would add 0.5%, if the company was paying the CEO at a ratio of 50 to 1. The increase would top out at 5%, if the CEO makes more than 500 times that of the median worker,” the report specified.

Sanders held a hearing Wednesday that focused on socialistic policies, along with unionization, where he promised to hold another hearing on corporate tax obligations.

“Right now, I happen to believe that this country is on its way to an oligarchy,” Sanders said.

Sen. Mike Braun (R-ID) tweeted his displeasure with the idea, “If they raise [the] corporate tax rate, we’re never going to get back to the pre-COVID economy which was so strong.”

more
https://www.breitbart.com/economy/2021/03/17/bernie-sanders-wants-business-tax-on-ceos-paid-50-times-more-than-median-employee/

[Fishrrman]

Bernie the commie will keep pushing harebrained nonsense like this until he keels over in a heap of fulminating rubble...

[Sled Dog]

I just checked the Constitution.

NOWHERE in the 16th Amendment is there any authorization that repeals any part of the 14th Amendment.

Therefore, since the 14th Amendment dictates "equal protection under the law", all forms of graduated income tax are unconstitutional.

Everyone's "income" must either be taxed the same amount or be taxed at the same rate.

Screw Bernie.