1. United States
2. Iowa
3. Letter

Please support the Tax Excessive CEO Pay Act. Too many of America’s largest corporations pay CEOs 300 to 600 times what their median workers make. In many corporations far too many employees are pushed into poverty wages, unpredictable schedules, and jobs that barely cover basic living expenses. These disparities aren’t the product of “market forces” — they’re the result of corporate policies designed to extract value from workers and funnel it upward. The Tax Excessive CEO Pay Act creates a simple, fair mechanism: if a company chooses to maintain an extreme CEO-to-worker pay ratio, it will pay a higher corporate tax rate. If it raises workers’ wages or reins in excessive executive compensation, it pays nothing extra. This is a market-based incentive to reduce inequality without imposing wage mandates. It rewards companies that treat workers fairly and asks more from those that don’t. The surtax is modest — only 0.5% to 5%, depending on the pay ratio — yet over 10 years it could raise an estimated $150 billion. That’s revenue that could strengthen Medicare, fund public education, support workforce development, or reduce the deficit. This is responsible budgeting and responsible capitalism. This could be an important step in fighting an economy rigged for the wealthy. Not only is this bill good for America and the majority of our workers, it might even help you and other Republicans get reelected. Trump was elected primarily in the hope his administration would improve wages and lower prices. Polls across the country are showing people are not satisfied with the lack of progress.