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IFPTE Endorses The Tax Excessive CEO Pay Act

This week IFPTE joined with a multitude of organizations in endorsing the introduction of the Tax Excessive CEO Pay Act. The legislation, sponsored in the Senate by Senator Bernie Sanders, and in the House by Representative Barbara Lee and Rashida Talib, would apply a higher corporate tax rate on companies that pay their CEOs a disproportionate amount of compensation compared to their workers by increasing by 0.5% for those companies reporting at a ratio of 50 to 1 and grow to a rate of 5% for those companies reporting a ratio of 500 to 1 or higher.

Read the endorsement letter, bill text and summary.

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