Bernie Sanders in Manchester, New Hampshire, February 4, 2020.Brendan McDermid | ReutersSen. Bernie Sanders is once again asking corporations to rai
Bernie Sanders in Manchester, New Hampshire, February 4, 2020.
Brendan McDermid | Reuters
Sen. Bernie Sanders is once again asking corporations to raise their employees’ wages.
The Vermont independent and a group of congressional Democrats put forward a bill Wednesday to hike taxes on companies that pay their chief executive at least 50 times more than their median worker. Businesses would owe more the higher their CEO-to-worker pay ratio is.
Sanders introduced the plan in the Senate along with Sens. Elizabeth Warren and Ed Markey, D-Mass., and Sen. Chris Van Hollen, D-Md. Reps. Barbara Lee, D-Calif., and Rashida Tlaib, D-Mich., proposed it in the House. The bill has at least 18 other co-sponsors in the House.
The legislation fits into a push from progressives to boost pay for low-wage workers and root out income and wealth inequality. Democrats failed to raise the federal minimum wage to $15 per hour in their $1.9 trillion coronavirus relief bill, and Sanders has sought alternatives to compel major corporations to hike pay.
The bill faces a challenging path in Congress. Even if Democratic leaders endorse it,…