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View Diary: A New Source of Federal Revenue That Will Improve the Economy (18 comments)

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  •  Re: I appreciate your suggestion (1+ / 0-)
    Recommended by:

    I completely agree with you and hope that this proposal may at least begin the discussion about the need to both raise revenues as well as cutting spending. I feel that not only will this proposal raise revenues for the government, but that it will begin to address the problems that the concentration of our nation's wealth have had on our economy and our society.

    Thank you for your comments.

    •  Senate bill on this just introduced. Robert Reich. (0+ / 0-)
      August 5, 2013

      With executive compensation at record highs, two senators are trying to end a government subsidy of performance-driven executive pay schemes that cost taxpayers $5 billion per year. Sens. Jack Reed (D-RI) and Richard Blumenthal (D-CT) proposed a bill Friday that would limit the amount of performance-based pay that can be written off as a tax deduction and bring in $50 billion in tax revenue over a decade.

      Recently pushed by (you're in excellent company) Robert Reich:

      Reich again:

      And Reich again:

      "The true strength of our nation comes not from the might of our arms or the scale of our wealth, but from the enduring power of our ideals." - Barack Obama

      by HeyMikey on Thu Aug 08, 2013 at 08:39:47 AM PDT

      [ Parent ]

      •  Re: Senate bill on this just introduced. (1+ / 0-)
        Recommended by:

        Thank you for bringing this to my attention. I think that the bill just introduced in the Senate, which addresses the subsidy on corporations, combined with my proposal, which addresses individual executive's income, would go a long way toward addressing the problems of income inequality and the subsequent concentration of wealth we currently face. Unfortunately, I don't see either of these proposals being able to get through the House, although they could be used very effectively against Republican incumbents next year.

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