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An Open Letter

To: Sen. Markey, Rep. Clark, Sen. Warren

From: A constituent in Waltham, MA

December 10

Support the “Tax Excessive CEO Pay Act!” Under it, companies would pay higher taxes when the ratio of the pay of their CEO to their typical worker exceeds 50-to-1. * If it exceeds 50-to-1, the corporation pays an additional 0.5% tax * If it exceeds 100-to-1, the corporation pays an additional 1% tax * If more than 200-to-1, a 2% tax * If more than 300-to-1, a 3% tax * If more than 400-to-1, a 4% tax * If more than 500-to-1, a 5% tax

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