Sanders, Democrats Propose Tax Hike on Companies with High CEO-to-Worker Pay Ratios

The proposed legislation, which targets corporations with a CEO-to-worker pay ratio of 50 to 1 or higher, could generate $150 billion in revenue over the next decade.

• Bernie Sanders and a group of Democratic lawmakers have introduced a bill to raise taxes on companies that pay their CEOs at least 50 times more than their average worker.
• The proposed legislation could generate $150 billion in U.S. revenue over 10 years.
• Major corporations such as Walmart, Google, Home Depot, JPMorgan Chase, Nike, and McDonald's could face significant tax increases.
• The bill faces a challenging path to becoming law, requiring 60 votes to clear the Senate and passage in the Republican-controlled House.
• The bill also mandates that CEO-to-worker pay data for privately held companies be made public.

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