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Senator Bernie Sanders Proposes Tax on Companies With Wealthy CEOs


Last Monday, Democratic Presidential candidate, Bernie Sanders (one of the Senators from Vermont) announced a sweeping proposal in which he has advocated for raising taxes on businesses that have CEOs which make at least 50 times more than their median worker.

The Sanders Income Inequality Tax Plan would would apply only to those companies that make $100 million or more per year.  In regard to the actual tax increase itself, Senator Sanders has proposed raising the corporate tax rate up by .5 percent (if the CEO made more than 50 times but not more than 100 times the median worker) and up by 1 percent (if the CEO made more than 101 times and 200 times more than the median worker.)

Long a champion of trying to combat large scale businesses, this proposal from Senator Sanders should not be much of a surprise.  Whether it gains any traction remains to be seen.  However, with an elevated national profile (thanks in part to his second run for the Democratic nomination for President), his stature should give this proposal legs for at least a few news cycles.


For a copy of the proposal from Senator Sanders:  https://berniesanders.com/issues/income-inequality-tax-plan/

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