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Published on Apr 24, 2014
Former United States Secretary of Labor Robert Reich, Senator Mark DeSaulnier (D-Concord), Senator Loni Hancock (D-Oakland), and California Labor Federation Chief Officer Art Pulaski held a press conference in support of SB 1372. This bill seeks to address the gross disparity between CEO salaries and the pay given to workers. SB 1372 creates a new corporate tax table that decreases taxes for employers with reasonable differences between CEO and worker pay, and increases taxes on companies with large disparities between CEO and worker pay.