Last month, Sen. Ron Wyden, D-Ore., the U.S. Senate Finance Committee chairman, expressed his support for the proposed bill as a revenue stream.
The goal of the bill is “to take on corporate greed by raising taxes on companies that pay their top executives at least 50 times more than the pay of a median worker.” Median is defined as the middle value in a list of numbers.
If the proposed bill, which faces long odds in the Senate, clears Congress at least 19 corporations with a major employment presence in the Triad would have had to pay the tax just for their chief executive’s total compensation in fiscal 2020.
