Rashida Tlaib and Bernie Sanders introduce the Tax Excessive CEO Pay Act
The new bill calls for higher taxes on companies that pay their executives more than 50 times what their workers make
By Lee DeVito September 15, 2025
"#CEOPay is out of control, with the possibility of #Tesla executive #ElonMusk becoming the world’s first #trillionaire. Meanwhile, prospects for average workers have dimmed with decades of stagnated wages and a majority of Americans living paycheck to paycheck.
"On Monday, U.S. Rep. #RashidaTlaib of Detroit and U.S. Senator #BernieSanders of Vermont introduced the Tax Excessive CEO Pay Act to rein in what they call the '#ObsceneSalaries of America’s top executives.'
"House Resolution H.R. 5298 proposes taxing corporations at a higher rate if they pay their executives more than 50 times what their workers earn. If passed, Tesla would be forced to pay up to $100 billion more in taxes over the next decade if Musk’s massive pay package is approved.
" 'Working people are sick and tired of #CorporateGreed. CEOs are now making 290 times more than their average worker,' Tlaib said in a statement. '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. I’m proud to re-introduce the Tax Excessive CEO Pay Act with Senator Bernie Sanders to address the massive income and wealth inequality in our nation. It’s time to make the rich pay their fair share.'
"The Tax Excessive CEO Pay Act was first introduced by Sen. Sanders in 2019, with different versions re-introduced since then.
"Meanwhile, the wealth of the top 1% has continued to explode, hitting a record-setting $44 trillion in 2024."
