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Sanders Calls for 'Income Inequality' Taxes on Top Firms

Associated Press

   WASHINGTON - Democratic presidential candidate Bernie Sanders has
   announced an "income inequality" plan calling for tax increases on
   companies that pay CEOs far more than their workers' median salaries.
   The Vermont senator's proposal, unveiled Monday, would raise taxes 0.5
   percentage points on companies paying top executives more than 50 times
   the median salaries of workers. Tax penalties would rise up to 5
   percentage points for firms whose highest-paid official earns 500-plus
   times median worker pay.
   The plan would apply to all private and publicly held corporations with
   annual revenues of $100 million. Sanders' campaign says it would raise
   $150 billion over the next decade, which he would use to eliminate
   medical debt nationwide.
   Sanders says the public demands that profitable corporations "pay their
   fair share of taxes."

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