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"At a time of record-breaking income and wealth inequality, we must demand that the wealthiest people and most profitable corporations in America finally pay their fair share of taxes," said Sen. Bernie Sanders.
With the world's richest person, Tesla CEO and Republican megadonor Elon Musk, on the cusp of becoming the first trillionaire on the planet, two leading progressive lawmakers are calling on Congress to pass a bill to "rein in the obscene salaries of America's top executives."
Sen. Bernie Sanders (I-Vt.) and Rep. Rashida Tlaib (D-Mich.) on Monday introduced the Tax Excessive CEO Pay Act with the aim of raising taxes on companies that pay their executives more than 50 times their workers' wages.
The legislation would impose penalties starting at 0.5 percentage points for companies with CEO-to-worker pay ratios between 50-to-1 and 100-to-1. Firms where executives make more than 500 times their workers' pay would be forced to pay the highest rate.
The bill would also require the US Treasury Department to crack down on tax avoidance, including schemes that disguise pay disparities by outsourcing jobs to contractors.
Sanders said that exorbitant CEO pay and massive pay gaps at corporations are intolerable "while 60% of Americans live paycheck to paycheck and millions work longer hours for lower wages."
"It is unacceptable that the CEOs of the largest low-wage corporations make more than 630 times what their average workers make," said the senator, who has been criss-crossing the country this year with his Fighting Oligarchy Tour, galvanizing people in red and blue districts against wealth inequality, political corruption, and corporate power.
"This is not only morally obscene, but also insane economic policy," said Sanders. "At a time of record-breaking income and wealth inequality, we must demand that the wealthiest people and most profitable corporations in America finally pay their fair share of taxes and treat all employees with the respect and dignity they deserve. That’s precisely what this legislation begins to do."
The proposal would raise an estimated $150 billion over a decade if tech giants, Wall Street firms, and other large corporations continue their current compensation patterns, and Sanders and Tlaib noted that the largest companies in the US would have paid billions of dollars more in taxes last year had the legislation been in effect.
JPMorgan Chase would have paid $2.38 billion in taxes, while Google would have paid $2.16 billion and Walmart would have paid $929 million.
With 62% of Republican voters and 75% of Democrats supporting a cap on CEO pay relative to worker salaries, the legislation would likely be well received by Americans across the political spectrum—but Republican lawmakers have shown little to no interest in confronting the pay gap, ensuring fair wages for workers, or reining in excessive executive compensation.
With the current CEO-employee pay gap, CEOs at the 350 largest publicly owned firms make 290 times more than the average pay of a typical worker at their companies, with the gap much larger at some corporations.
The median Walmart worker made $29,469 in 2024, while CEO Doug McMillon took home $27.4 million—a 930-to-1 gap.
The median Starbucks worker would have to work for more than 6,000 years to earn the pay CEO Brian Niccol took home in 2024.
"Working people are sick and tired of corporate greed," said Tlaib. “It’s disgraceful that corporations continue to rake in record profits by exploiting the labor of their workers. Every worker deserves a living wage and human dignity on the job."
"It’s time," she added, "to make the rich pay their fair share.”
Tlaib and Sanders introduced the legislation as Pope Leo spoke out against exorbitant CEO pay in his first interview since taking the helm of the Catholic Church, reserving particular condemnation for Musk, for whom the Tesla board proposed a $1 trillion pay package if he grows the company by eightfold over the next decade.
“CEOs that 60 years ago might have been making four to six times more than what the workers are receiving... it’s [now] 600 times more than the average workers are receiving,” the pope told the Catholic outlet Crux.
“Yesterday, the news that Elon Musk is going to be the first trillionaire in the world: What does that mean and what’s that about?" he added. "If that is the only thing that has value anymore, then we’re in big trouble.”
Sanders said Monday that the pope "is exactly right."
"No society can survive when one man becomes a trillionaire while the vast majority struggle to just survive—trying to put food on the table, pay rent, and afford healthcare," said Sanders. "We can and must do better."
"In scenarios dominated by factional bloodshed, it no longer matters who has the most appealing political program or the largest potential constituency."
In the wake of right-wing activist Charlie Kirk's assassination on Wednesday, some prominent left-wing voices not only condemned the killing, but also explained why no progressive should cheer or support such violence against a political opponent.
In an essay in Jacobin, Ben Burgis and Meagan Day described Kirk's death as "a tragedy and a disaster" that also carries ominous implications for any supporter of left-wing politics.
First, they argued that murdering anyone for their political views is morally wrong, full stop.
"No one should be killed as punishment for political expression, no matter how objectionable," they wrote. "In addition to our basic abhorrence of violence, we are also proponents of democracy, which depends on free speech and open inquiry. Without them, collective self-governance is impossible and tyranny becomes inevitable. Imposing silence on political opponents by brute force... undermines a principle that democratic socialists have always held dear."
Burgis and Day then warned that any kind of descent into violence would not benefit the left in any way.
"In scenarios dominated by factional bloodshed, it no longer matters who has the most appealing political program or the largest potential constituency—only who has the most militant and heavily armed ideologues with the least reluctance to kill," they said. "The left will not win that battle."
In conclusion, they argued, "there is nothing to celebrate here" but "there is much to fear."
Burgis and Day weren't the only left-wing voices to forcefully condemn Kirk's assassination. Writing in The Nation, Jeet Heer warned that Kirk's shooting could be the start of a spasm of political violence across the country akin to the infamous "Years of Lead" in Italy.
Additionally, Heer warned that President Donald Trump appears to be a uniquely dangerous figure to lead the US through this time given that he has long relished pouring gas on fires rather than trying to turn down the temperature.
"In terms of political violence, he's an arsonist, not a firefighter," Heer wrote. "He mocked the assault on Paul Pelosi and joked about 'Second Amendment people' going after Hillary Clinton. He has hailed the January 6 rioters as heroes... There's every reason to think that, as he did in recent National Guard deployments in Los Angeles and Washington, DC, Trump will use the Kirk killing to justify an authoritarian crackdown."
Heer ended his piece by writing that the "killing of Kirk was an atrocity that should be condemned without reservation," before warning that "Democrats have to be prepared to resist any onslaught against civil liberties, not least because a crackdown will only increase the likelihood of far worse violence."
Noting the attacks on Pelosi and various others—including Trump, Michigan Gov. Gretchen Whitmer, Pennsylvania Gov. Josh Shapiro, Congressman Steve Scalise (R-La.), and Minnesota Speaker of the House Melissa Hortman (D) and her husband—US Sen. Bernie Sanders (I-Vt.) warned in a Thursday video that Kirk’s assassination “is part of a disturbing rise in political violence that threatens to hollow out public life and make people afraid of participating” in a democracy.
Lisa Gilbert and Robert Weissman, the co-presidents of Public Citizen, decried the assassination of Kirk as antithetical to a free and democratic society, while also warning of dangers that it presents to progressives.
"Every act of political violence threatens a worsening cycle that is fundamentally antithetical to democracy and popular rule," they said. "Murder does more than illegitimately silence the voice of the targeted person. Heightened threat levels make others pull back or drop out. Rational if heated discourse is displaced by fear and intimidation. Chaos is used to justify political crackdowns. Ultimately, guns rule instead of the people."
"It means that you cannot convince people of the correctness of your ideas, and you have to impose them through force."
In an online video address posted one day after the assassination of right-wing activist Charlie Kirk, Sen. Bernie Sanders offered a solemn message to the country denouncing political violence in all its forms, calling it a threat to the very foundation of democratic ideals and the freedoms upon which the nation claims it was built.
"Freedom and democracy is not about political violence. It is not about assassinating public officials. It is not about trying to intimidate people who speak out on an issue," says Sanders, who represents Vermont as an Independent. "Political violence, in fact, is political cowardice. It means that you cannot convince people of the correctness of your ideas, and you have to impose them through force."
The ability for people to speak their minds and express their political views, said Sanders, "without worrying that they might be killed, injured or humiliated" for doing so, "is the essence of what freedom is about and what democracy is about."
"You have a point of view, that’s great. I have a point of view that is different than yours, that’s great," he continued. "Let’s argue it out. We make our case to the American people at the local, state, and federal level, and we hold free elections in which the people decide what they want. That’s called freedom and democracy. And I want as many people as possible to participate in that process without fear."
The murder of Kirk, the 31-year-old founder of Turning Points USA, who was gunned down by a sniper's bullet on Wednesday during an appearance on a college campus in Utah, has rattled the political landscape over recent days. While the assailant, as of this writing, remains unidentified and potentially still at large, President Donald Trump said during a Friday morning appearance on "Fox & Friends" that a suspect was in custody, though he offered few details and suggested the information was preliminary.
In his address, Sanders said Kirk's assassination "is part of a disturbing rise in political violence that threatens to hollow out public life and make people afraid of participating" in civic life.
"From the January 6, 2021, attack on the United States Capitol, to the attempted assassination of Donald Trump, to the attack on Paul Pelosi, to the attempted kidnapping of Michigan Governor Gretchen Whitmer, to the murder of Minnesota Speaker of the House Melissa Hortman and her husband, to the arson attack on Pennsylvania Governor Josh Shapiro, to the shooting of UnitedHealth executive Brian Thompson and the shooting several years ago of Rep. Steve Scalise," said Sanders, "this chilling rise in violence has targeted public figures across the political spectrum."
The murder of Charlie Kirk is part of a disturbing rise in political violence that threatens to hollow out our public life.
A free society relies on the premise that people can speak out without fear or humiliation.
No more political violence. pic.twitter.com/SR71FJkiDz
— Sen. Bernie Sanders (@SenSanders) September 11, 2025
"This is a difficult and contentious moment in American history. Democracy in our country and throughout the world is under attack," said Sanders.
While the various reasons for that deserve serious consideration and debate, he said, the bottom line is more straightforward.
"If we honestly believe in democracy, if we believe in freedom, all of us must be loud and clear," concluded Sanders: "Political violence, regardless of ideology, is not the answer and must be condemned."