July 26, 2021
To Break the Corporate Tax Logjam, Tax Overinflated CEO Pay
An across-the-board rate hike and a CEO pay surtax would send a powerful message: All large profitable corporations must pay their fair share.
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Key players in the Capitol Hill budget debate are deadlocking over the U.S. corporate tax rate.
Senate Budget Committee Chair Bernie Sanders (I-Vt.) wants to push that rate up from the current 21 percent to 35 percent, the corporate tax rate before the 2017 Republican tax cuts. President Biden has proposed hiking the current rate to 28 percent. Sen. Joe Manchin (D-W.Va.) has set his sweet spot at 25 percent.
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Read the full article at The Hill.
Originally in The Hill.
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