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It's No Surprise That CEOs Make More Than Other Employees. But How Much Is Too Much?

It s No Surprise That CEOs Make More Than Other Employees. But How Much Is Too Much? - Honolulu Civil Beat
It’s No Surprise That CEOs Make More Than Other Employees. But How Much Is Too Much?
New legislation would make Hawaii the first state to tax executive pay gaps, but the proposal may be dead on arrival.
Reading time: 8 minutes.
The bank’s chief executive officer, Robert Harrison, earned $6,011,668.
Harrison was paid 110 times more than the bank’s median employee, according to the company’s disclosures to the U.S. Securities and Exchange Commission last year.
A new proposal Senate Bill 747 in the Hawaii Legislature would change that by levying a general excise tax surcharge to any island business where the chief executive officer earns more than 100 times the company’s median employee. ....

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CEOs should pay for their own three-martini lunch | News, Sports, Jobs

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Buried in last year’s COVID-19 relief deal is a provision to make taxpayers cover expensive corporate lunches.
While the world is reeling from the pandemic and American democracy faces a profound crisis, corporate lobbyists have been focused on making taxpayers subsidize lavish lunches for wealthy executives.
Their work paid off in the 11th-hour COVID-19 relief deal Congress passed late last year. Buried in the details of this modest aid plan is a provision to give executives unlimited tax deductions for their business meals for two years.
That’s how it worked back in the 1970s, when presidential candidate George McGovern had this to say about it: “There’s something fundamentally wrong with the tax system,” he said, “when it allows a corporate executive to deduct his $20 martini lunch while a working man cannot deduct the price of his bologna sandwich.” ....

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A welcome stopgap, but not nearly enough

This holiday season, struggling families and businesses came close to getting a lump of coal from Congress. Only just before Christmas, as critical relief programs were about to expire, did ....

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Commentary: Sarah Anderson — Welcomed stopgap, but not enough

Commentary: Sarah Anderson — Welcomed stopgap, but not enough
theintelligencer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theintelligencer.com Daily Mail and Mail on Sunday newspapers.

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Biden Could Cancel Student Debt. Will He? - The Good Men Project

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Biden Could Cancel Student Debt. Will He?
The federal government owns 92 percent of all student debt owed in this country. Canceling it could provide a huge stimulus.
Washington is abuzz with ideas for actions the Biden-Harris administration could take that would not require congressional approval. One of the buzziest: canceling student debts owed to the federal government.
The Department of Education owns about 92 percent of the $1.6 trillion in student loans Americans owe. Many legal scholars say the department has the authority to wipe these burdens away with the stroke of a pen. ....

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