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ceo pay
'Corporate Greed Is Out of Control': Tlaib-Sanders Bill Would Tax Companies for Excessive CEO Pay
"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.
Sep 16, 2025
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."
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Healthcare Giants Have Raked in 'Sick Profits' From Trump Tax Cuts While Stiffing Patients: Report
The report found that seven of America's biggest healthcare companies have collectively dodged $34 billion in taxes as a result of Trump's 2017 tax law while making patient care worse.
Sep 04, 2025
President Donald Trump's tax policies have allowed the healthcare industry to rake in "sick profits" by avoiding tens of billions of dollars in taxes and lowering the quality of care for patients, according to a report out Wednesday.
The report, by the advocacy groups Americans for Tax Fairness and Community Catalyst, found that "seven of America's biggest healthcare corporations have dodged over $34 billion in collective taxes since the enactment of the 2017 Trump-GOP tax law that Republicans recently succeeded in extending."
The study examined four health insurance companies—Centene, Cigna, Elevance (formerly Anthem), and Humana; two for-profit hospital chains—HCA Holdings and Universal Health Services; and the CVS Healthcare pharmacy conglomerate.
It found that these companies' average profits increased by 75%, from around $21 billion before the tax bill to about $35 billion afterward, and yet their federal tax rate was about the same.
This was primarily due to the 2017 law's slashing of the corporate tax rate from 35% to 21%, a change that was cheered on by the healthcare industry and continued with this year's GOP tax legislation. The legislation also loosened many tax loopholes and made it easier to move profits to offshore tax shelters.
The report found that Cigna, for instance, saved an estimated $181 million in taxes on the $2.5 billion it held in offshore accounts before the law took effect.
The law's supporters, including those in the healthcare industry, argued that lowering corporate taxes would allow companies to increase wages and provide better services to patients. But the report found that "healthcare corporations failed to use their tax savings to lower costs for customers or meaningfully boost worker pay."
Instead, they used those windfalls primarily to increase shareholder payouts through stock buybacks and dividends and to give fat bonuses to their top executives.
Stock buybacks increased by 42% after the law passed, with Centene purchasing an astonishing average of 20 times more of its own shares in the years following its enactment than in the years before. During the first seven years of the law, dividends for shareholders increased by 133% to an average of $5.6 billion.
Pay for the seven companies' half-dozen top executives increased by a combined $100 million, 42%, on average. This is compared to the $14,000 pay increase that the average employee at these companies received over the same period, which is a much more modest increase of 24%.
And contrary to claims that lower taxes would allow companies to improve coverage or patient care, the opposite has occurred.
While data is scarce, the rate of denied insurance claims is believed to have risen since the law went into effect.
The four major insurers' Medicare Advantage plans were found to frequently deny claims improperly. In the case of Centene, 93% of its denials for prior authorizations were overturned once patients appealed them, which indicates that they may have been improper. The others were not much better: 86% of Cigna's denials were overturned, along with 71% for Elevance/Anthem, and 65% for Humana.
The report said that such high rates of denials being overturned raise "questions about whether Medicare Advantage plans are complying with their coverage obligations or just reflexively saying 'no' in the hopes there will be no appeal."
Salespeople for the Cigna-owned company EviCore, which insurers hire to review claims, have even boasted that they help companies reduce their costs by increasing denials by 15%, part of a model that ProPublica has called the "denials for dollars business." Their investigation in 2024 found that insurers have used EviCore to evaluate whether to pay for coverage for over 100 million people.
And while paying tens of millions to their executives, both HCA and Universal Health Services—which each saved around $5.5 billion from Trump's tax law—have been repeatedly accused of overbilling patients while treating them in horrendous conditions.
"Congress should demand both more in tax revenue and better patient care from these highly profitable corporations," Americans for Tax Fairness said in a statement. "Healthcare corporation profitability should not come before quality of patient care. In healthcare, more than almost any other industry, the search for ever higher earnings threatens the wellbeing and lives of the American people."
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'Corporate Greed at Its Ugliest': These 100 Companies Pay CEOs Over 600x What the Workers Get
"At a time when many American workers are struggling with high costs for groceries and housing, the nation's largest low-wage employers are fixated on making their overpaid CEOs even richer," said the author of a new report.
Aug 21, 2025
Detailing the widening gap between outrageously high CEO compensation and the median wages of employees at some of the world's largest and most profitable companies, a progressive think tank on Thursday warned executives will continue to enrich themselves at the expense of their lowest-paid workers unless policies are adopted to curb such corporate greed.
"Across the political spectrum, Americans are fed up with overpaid CEOs," said Sarah Anderson, program director at the Institute for Policy Studies (IPS) and author of a new report out Thursday. "Policymakers should take long overdue action to push Corporate America in a more equitable direction."
The report, Executive Excess 2025, finds that absent federal policies forcing corporations to rein in their spending on stock buybacks and exorbitant CEO pay packages, the average CEO-to-worker pay gap widened by 12.9% last year at what IPS calls the "Low-Wage 100"—the 100 S&P 500 companies with the lowest median worker pay.
The average gap between executive and worker pay now stands at 632-to-1 at these firms, up from 560-to-1 in 2023.
Between 2019-24, the average CEO at a Low-Wage 100 company saw their pay rise 34.7%, unadjusted for inflation, while the average median worker pay rose just 16.3%.
CEO compensation increased by 22.6% over the time period, far outpacing inflation. Meanwhile, wage hikes by these same companies didn't even match inflation, including for warehouse workers at software company Aptiv, where the CEO-to-worker pay gap was 2,072-to-1 last year, or cashiers at Ross Stores, where the gap was 1,770-to-1.
"We can curb this runaway source of inequality by taxing corporate greed."
Aptiv CEO Kevin Clark was paid $18.8 million last year while the median worker at the firm made just $9,052. Ross Stores' pay ratio was similar, with CEO Barbara Rentler taking home $17 million compared to the company's median worker, who made just $9,602.
Starbucks, which has made headlines in recent years both for its store employees' fight to unionize across the United States and for its executives' illegal union-busting tactics, had far-and-away the largest gap between CEO and median worker pay in 2024, with CEO Brian Niccol taking home $95.8 million and the median employee earning just $14,674.
That makes the wage gap 6,666-to-1 at the coffee chain.
A petition organized last year by Starbucks Workers United, which has unionized at hundreds of stores since a landmark victory in Buffalo, New York in 2021, warned Niccol that the cost of living across the US "is skyrocketing while you continue to make millions" and the employees "who actually make your Starbucks run can't make ends meet."
IPS said the petition reflected its report's main finding: "At a time when many American workers are struggling with high costs for groceries and housing, the nation's largest low-wage employers are fixated on making their overpaid CEOs even richer."
Contributing to the growing wage gap at the Low-Wage 100 is the companies' focus on stock buybacks, in which firms buy back their own shares to "artificially inflate executive stock-based pay and siphon resources out of worker wages and productive long-term investments."
The 100 companies spent $644 billion on stock buybacks from 2019-24, according to IPS, with home improvement giant Lowe's ranking as the "stock buy back leader," spending $46.6 billion buying its own shares over the past six years.
"That sum could've instead covered the cost of giving each of the firm's 273,000 global employees an annual $28,456 bonus for six years," reads the report. "In 2024, Lowe's CEO Marvin Ellison enjoyed total compensation of $20.2 million, which is 659 times the retailer's $30,606 median annual worker pay."
Anderson said the report highlights "how America's largest low-wage employers are funneling profits into their CEOs' pockets—at the expense of both their workers and their companies' long-term growth."
IPS pointed to "three particularly promising areas for CEO pay policy reform," including:
- Subjecting corporations to higher tax levies if they have excessive levels of CEO pay;
- Taxing and restricting stock buybacks; and
- Using federal contracts and subsidies to discourage wide corporate pay gaps.
Congress should pass the Curtailing Executive Overcompensation (CEO) Act, which would apply an excise tax to companies with CEO-to-worker pay ratios exceeding 50-to-1, or the Tax Excessive CEO Pay Act, said the group.
"A May 2024 survey suggests that such taxes would be enormously popular," reads the report. "Overall, 80% of likely voters favor a tax hike on corporations that pay their CEOs over 50 or more times more than what they pay their median employees. Large majorities in every political group support this approach: some 89% of Democrats, 77% of independents, and 71% of Republicans. In swing states, 83% of likely voters give this proposal a thumbs up."
Other legislation, the Stock Buyback Accountability Act, would quadruple the 1% federal excise tax currently in effect for stock buybacks, and would have raised $6.3 billion from the Low-Wage 100 if it had been in effect in 2023 and 2024—enough to cover the cost of 327,218 public housing units each year for two years.
"We can curb this runaway source of inequality," said IPS, "by taxing corporate greed."
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