Urge your representatives to co-sponsor the CEO Act now.
| Democratic Values is dedicated to supporting candidates who stand strong on their Democratic principles and stand up to the MAGA far-right extremists tearing apart our country. If you really want to receive only our most urgent emails, click here. If you'd like to stop receiving these messages, you may unsubscribe. |  | | Hi Jason, We've identified you as one of the most engaged supporters of Democratic Values, so we're reaching out to ask you to read and respond to this important petition. It will only take 30 seconds or less to add your name to help us fight against income inequality. The full text of the call-to-action is below. Please join us and call on your representatives in Congress to co-sponsor the Curtailing Executive Overcompensation (CEO) Act, which would subject public and private companies with a 50-to-1 CEO-to-median-worker pay disparity to a substantial excise tax. Thank you for taking action, Democratic Values
From 1979 to 2020, net worker productivity rose 61.8%, but workers wages only rose 17.5%. Meanwhile, CEO pay skyrocketed by more than 1,209% -- over 18 times the productivity growth. Now, as people grapple with record-high inflation spurred by corporate greed, CEO's are earning 399 times the pay of the median worker -- the highest disparity in 50 years. Our economy -- and our democracy -- cannot continue like this. U.S. Senator Sheldon Whitehouse and Representatives Barbara Lee and Alexandria Ocasio-Cortez have introduced the Curtailing Executive Overcompensation (CEO) Act, which would apply an excise tax on public and private companies that have at least a 50-to-1 CEO-to-median-worker pay disparity. The tax would apply only to large companies with over $100 million in gross receipts and $10 million in payroll. The tax rate imposed would be proportional to the size of the executive's compensation (including salary, bonuses, and stock awards and options) and the degree by which the pay ratio exceeds 50-to-1. The tax would be limited to one percent of a company's gross receipts. The disparities don't just increase economic inequality; they pose a dangerous threat to democracy. CEO's use that wealth to gain power in our politics. This has led to a two-tiered system of government where the wealthy dictate policy while everyday workers are shafted. If a political donor calls a member of Congress, their offices are almost four times more likely to make room in their schedule for them than they are with a regular constituent. If we want the United States to thrive -- while ensuring the survival of democratic capitalism -- we must do everything in our power to curtail exorbitant pay disparities between CEOs and workers. Click "Start Writing" to send a message urging your members of Congress to become co-sponsors of the CEO Act now. | | Paid for by Democratic Values PAC Democratic Values PAC
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