Portland To Tax Companies That Have Outrageous CEO-Worker Pay Gaps

[Lakhota]

Portland could generate up to $3.5 million in annual revenue from this new tax.

The progressive city is ramping up its fight against income inequality while increasing annual revenue by as much as $3.5 million.

In an effort to combat income inequality, Portland, Oregon, on Thursday became the first jurisdiction to adopt a tax penalty on companies with excessive CEO-worker pay gaps.

Under the new law, companies doing enough business in Portland to pay the city’s business fee will be taxed an additional 10 percent if their CEO makes 100 times what median workers earn ― and an additional 25 percent if they make 250 times more.

“This is meant to be a signal that these kinds of ridiculous [pay] ratios are unacceptable,” Portland’s city commissioner Steve Novick told The Huffington Post. “You do not do better as a company because you decide to pay outrages salaries to your CEOs.”

The law will go into effect next year, and Novick said the tax could generate up to $3.5 million in annual revenue for the city.

Sarah Anderson, co-editor of Inequality.org at the Institute of Policy Studies, believes the legislation could “spread like wildfire” to other cities across the nation.

“People are now even more skeptical that anything will happen at the federal level to reduce inequality,” Anderson told HuffPost on Thursday.

She said the threat of “draconian cuts to the social safety net” during a Donald Trump presidency could push leadership from other cities to explore similar innovative sources of revenue.

Corporations can exist without paying their CEOs hundreds of times what they pay their typical workers.
--Steve Novick, City Commissioner of Portland​

More than 500 companies will be affected by the new rule, including Walmart, Honeywell, Goldman Sachs, Wells Fargo and General Electric, according to a statement from IPS.

More: Portland To Tax Companies That Have Outrageous CEO-Worker Pay Gaps

Thank you, Portland. Hopefully many more areas will follow your lead.

 

[owebo]

Portland....closed for business...

They can fuck off....

 

[Flash]

Portlandia

Full of Libtard Moon Bat escapees from Kalifornia

 

[007]

And the mass exodus of industry from Portland begins... good going Portland... that'll teach 'em.

 

[OKTexas]

That's what the Constitution calls a bill of attainder and they are constitutionally forbidden.

 

[Wyatt earp]

Portland could generate up to $3.5 million in annual revenue from this new tax.

The progressive city is ramping up its fight against income inequality while increasing annual revenue by as much as $3.5 million.

In an effort to combat income inequality, Portland, Oregon, on Thursday became the first jurisdiction to adopt a tax penalty on companies with excessive CEO-worker pay gaps.

Under the new law, companies doing enough business in Portland to pay the city’s business fee will be taxed an additional 10 percent if their CEO makes 100 times what median workers earn ― and an additional 25 percent if they make 250 times more.

“This is meant to be a signal that these kinds of ridiculous [pay] ratios are unacceptable,” Portland’s city commissioner Steve Novick told The Huffington Post. “You do not do better as a company because you decide to pay outrages salaries to your CEOs.”

The law will go into effect next year, and Novick said the tax could generate up to $3.5 million in annual revenue for the city.

Sarah Anderson, co-editor of Inequality.org at the Institute of Policy Studies, believes the legislation could “spread like wildfire” to other cities across the nation.

“People are now even more skeptical that anything will happen at the federal level to reduce inequality,” Anderson told HuffPost on Thursday.

She said the threat of “draconian cuts to the social safety net” during a Donald Trump presidency could push leadership from other cities to explore similar innovative sources of revenue.

Corporations can exist without paying their CEOs hundreds of times what they pay their typical workers.
--Steve Novick, City Commissioner of Portland​

More than 500 companies will be affected by the new rule, including Walmart, Honeywell, Goldman Sachs, Wells Fargo and General Electric, according to a statement from IPS.

More: Portland To Tax Companies That Have Outrageous CEO-Worker Pay Gaps

Thank you, Portland. Hopefully many more areas will follow your lead.

How does that help anything?

Jesus christ they are more greedy then the CEOs..

Do you understand that?



.

 

[EvilCat Breath]

Companies will be screaming out of Portland. This is how California lost Toyota

 

[Lakhota]

Portland could generate up to $3.5 million in annual revenue from this new tax.

The progressive city is ramping up its fight against income inequality while increasing annual revenue by as much as $3.5 million.

In an effort to combat income inequality, Portland, Oregon, on Thursday became the first jurisdiction to adopt a tax penalty on companies with excessive CEO-worker pay gaps.

Under the new law, companies doing enough business in Portland to pay the city’s business fee will be taxed an additional 10 percent if their CEO makes 100 times what median workers earn ― and an additional 25 percent if they make 250 times more.

“This is meant to be a signal that these kinds of ridiculous [pay] ratios are unacceptable,” Portland’s city commissioner Steve Novick told The Huffington Post. “You do not do better as a company because you decide to pay outrages salaries to your CEOs.”

The law will go into effect next year, and Novick said the tax could generate up to $3.5 million in annual revenue for the city.

Sarah Anderson, co-editor of Inequality.org at the Institute of Policy Studies, believes the legislation could “spread like wildfire” to other cities across the nation.

“People are now even more skeptical that anything will happen at the federal level to reduce inequality,” Anderson told HuffPost on Thursday.

She said the threat of “draconian cuts to the social safety net” during a Donald Trump presidency could push leadership from other cities to explore similar innovative sources of revenue.

Corporations can exist without paying their CEOs hundreds of times what they pay their typical workers.
--Steve Novick, City Commissioner of Portland​

More than 500 companies will be affected by the new rule, including Walmart, Honeywell, Goldman Sachs, Wells Fargo and General Electric, according to a statement from IPS.

More: Portland To Tax Companies That Have Outrageous CEO-Worker Pay Gaps

Thank you, Portland. Hopefully many more areas will follow your lead.

How does that help anything?

Jesus christ they are more greedy then the CEOs..

Do you understand that?



.

Is the math over your head?

 

[Wyatt earp]

Corporations can exist without paying their CEOs hundreds of times what they pay their typical workers.
--Steve Novick, City Commissioner of Portland


Unbelieveable trying to tell someone how much they can make


This is going to tottaly backfire.


Lol


.

 

[tyroneweaver]

Portland could generate up to $3.5 million in annual revenue from this new tax.

The progressive city is ramping up its fight against income inequality while increasing annual revenue by as much as $3.5 million.

In an effort to combat income inequality, Portland, Oregon, on Thursday became the first jurisdiction to adopt a tax penalty on companies with excessive CEO-worker pay gaps.

Under the new law, companies doing enough business in Portland to pay the city’s business fee will be taxed an additional 10 percent if their CEO makes 100 times what median workers earn ― and an additional 25 percent if they make 250 times more.

“This is meant to be a signal that these kinds of ridiculous [pay] ratios are unacceptable,” Portland’s city commissioner Steve Novick told The Huffington Post. “You do not do better as a company because you decide to pay outrages salaries to your CEOs.”

The law will go into effect next year, and Novick said the tax could generate up to $3.5 million in annual revenue for the city.

Sarah Anderson, co-editor of Inequality.org at the Institute of Policy Studies, believes the legislation could “spread like wildfire” to other cities across the nation.

“People are now even more skeptical that anything will happen at the federal level to reduce inequality,” Anderson told HuffPost on Thursday.

She said the threat of “draconian cuts to the social safety net” during a Donald Trump presidency could push leadership from other cities to explore similar innovative sources of revenue.

Corporations can exist without paying their CEOs hundreds of times what they pay their typical workers.
--Steve Novick, City Commissioner of Portland​

More than 500 companies will be affected by the new rule, including Walmart, Honeywell, Goldman Sachs, Wells Fargo and General Electric, according to a statement from IPS.

More: Portland To Tax Companies That Have Outrageous CEO-Worker Pay Gaps

Thank you, Portland. Hopefully many more areas will follow your lead.

Hey dufas, Forget Portland for economic growth.

 

[Wyatt earp]

Portland could generate up to $3.5 million in annual revenue from this new tax.

The progressive city is ramping up its fight against income inequality while increasing annual revenue by as much as $3.5 million.

In an effort to combat income inequality, Portland, Oregon, on Thursday became the first jurisdiction to adopt a tax penalty on companies with excessive CEO-worker pay gaps.

Under the new law, companies doing enough business in Portland to pay the city’s business fee will be taxed an additional 10 percent if their CEO makes 100 times what median workers earn ― and an additional 25 percent if they make 250 times more.

“This is meant to be a signal that these kinds of ridiculous [pay] ratios are unacceptable,” Portland’s city commissioner Steve Novick told The Huffington Post. “You do not do better as a company because you decide to pay outrages salaries to your CEOs.”

The law will go into effect next year, and Novick said the tax could generate up to $3.5 million in annual revenue for the city.

Sarah Anderson, co-editor of Inequality.org at the Institute of Policy Studies, believes the legislation could “spread like wildfire” to other cities across the nation.

“People are now even more skeptical that anything will happen at the federal level to reduce inequality,” Anderson told HuffPost on Thursday.

She said the threat of “draconian cuts to the social safety net” during a Donald Trump presidency could push leadership from other cities to explore similar innovative sources of revenue.

Corporations can exist without paying their CEOs hundreds of times what they pay their typical workers.
--Steve Novick, City Commissioner of Portland​

More than 500 companies will be affected by the new rule, including Walmart, Honeywell, Goldman Sachs, Wells Fargo and General Electric, according to a statement from IPS.

More: Portland To Tax Companies That Have Outrageous CEO-Worker Pay Gaps

Thank you, Portland. Hopefully many more areas will follow your lead.

How does that help anything?

Jesus christ they are more greedy then the CEOs..

Do you understand that?



.

Is the math over your head?

This is not math...this is anarchy ..

Again who does this help? Gold plated fawcets in the city council bathrooms?


.

 

[EvilCat Breath]

Texas is going to end up with every major business in the country.

 

[Wyatt earp]

Portland could generate up to $3.5 million in annual revenue from this new tax.

The progressive city is ramping up its fight against income inequality while increasing annual revenue by as much as $3.5 million.

In an effort to combat income inequality, Portland, Oregon, on Thursday became the first jurisdiction to adopt a tax penalty on companies with excessive CEO-worker pay gaps.

Under the new law, companies doing enough business in Portland to pay the city’s business fee will be taxed an additional 10 percent if their CEO makes 100 times what median workers earn ― and an additional 25 percent if they make 250 times more.

“This is meant to be a signal that these kinds of ridiculous [pay] ratios are unacceptable,” Portland’s city commissioner Steve Novick told The Huffington Post. “You do not do better as a company because you decide to pay outrages salaries to your CEOs.”

The law will go into effect next year, and Novick said the tax could generate up to $3.5 million in annual revenue for the city.

Sarah Anderson, co-editor of Inequality.org at the Institute of Policy Studies, believes the legislation could “spread like wildfire” to other cities across the nation.

“People are now even more skeptical that anything will happen at the federal level to reduce inequality,” Anderson told HuffPost on Thursday.

She said the threat of “draconian cuts to the social safety net” during a Donald Trump presidency could push leadership from other cities to explore similar innovative sources of revenue.

Corporations can exist without paying their CEOs hundreds of times what they pay their typical workers.
--Steve Novick, City Commissioner of Portland​

More than 500 companies will be affected by the new rule, including Walmart, Honeywell, Goldman Sachs, Wells Fargo and General Electric, according to a statement from IPS.

More: Portland To Tax Companies That Have Outrageous CEO-Worker Pay Gaps

Thank you, Portland. Hopefully many more areas will follow your lead.

Lets see Oregon gives millions to nike in tax breaks so they dont move and now portland is trying to limit maximum pay?


What a backward state that is if I ever saw one.

A shout out to portland ya do know you live in a capitalist country right?


To funny.



.

 

[Ray From Cleveland]

Corporations can exist without paying their CEOs hundreds of times what they pay their typical workers.
--Steve Novick, City Commissioner of Portland


Unbelieveable trying to tell someone how much they can make


This is going to tottaly backfire.


Lol


.

Why not? They already advanced by telling us we have to buy health insurance and how much we can afford to spend on it.

 

[Wyatt earp]

Corporations can exist without paying their CEOs hundreds of times what they pay their typical workers.
--Steve Novick, City Commissioner of Portland


Unbelieveable trying to tell someone how much they can make


This is going to tottaly backfire.


Lol


.

Why not? They already advanced by telling us we have to buy health insurance and how much we can afford to spend on it.

I see way more fringe benefits coming to CEOs in portland I will tell you that..I wonder how creative they will get to get to go around this law?

This is how stupid liberals are..make one law you just opened up a hundered loop holes..I am going to follow this one closely just to make fun of the OP when it back fires



.

.

 

[EvilCat Breath]

Shout out to Portland.

You know the people whose pay you want to tax are the decision makers as to where that company will go.

Gads, this is so funny. It's like the cartoon of the man sawing off the tree limb he's sitting on.

 

[BluesLegend]

Portland used to be the best city in America to live in, then a million or so gays and freaks from California invaded and took over. Now its a cesspool of freaks and illegals, trust me on this its a lost cause.

 

[Ray From Cleveland]

Portland could generate up to $3.5 million in annual revenue from this new tax.

The progressive city is ramping up its fight against income inequality while increasing annual revenue by as much as $3.5 million.

In an effort to combat income inequality, Portland, Oregon, on Thursday became the first jurisdiction to adopt a tax penalty on companies with excessive CEO-worker pay gaps.

Under the new law, companies doing enough business in Portland to pay the city’s business fee will be taxed an additional 10 percent if their CEO makes 100 times what median workers earn ― and an additional 25 percent if they make 250 times more.

“This is meant to be a signal that these kinds of ridiculous [pay] ratios are unacceptable,” Portland’s city commissioner Steve Novick told The Huffington Post. “You do not do better as a company because you decide to pay outrages salaries to your CEOs.”

The law will go into effect next year, and Novick said the tax could generate up to $3.5 million in annual revenue for the city.

Sarah Anderson, co-editor of Inequality.org at the Institute of Policy Studies, believes the legislation could “spread like wildfire” to other cities across the nation.

“People are now even more skeptical that anything will happen at the federal level to reduce inequality,” Anderson told HuffPost on Thursday.

She said the threat of “draconian cuts to the social safety net” during a Donald Trump presidency could push leadership from other cities to explore similar innovative sources of revenue.

Corporations can exist without paying their CEOs hundreds of times what they pay their typical workers.
--Steve Novick, City Commissioner of Portland​

More than 500 companies will be affected by the new rule, including Walmart, Honeywell, Goldman Sachs, Wells Fargo and General Electric, according to a statement from IPS.

More: Portland To Tax Companies That Have Outrageous CEO-Worker Pay Gaps

Thank you, Portland. Hopefully many more areas will follow your lead.

This is fantastic news for their competitors that are not working within that state.

Now those CEO's who don't get paid what they want will go to the competitors of those Oregon companies and put them out of business.

Great work libs. Always thinking..............about what, nobody knows, but you're always thinking.

 

[DarkFury]

Corporations can exist without paying their CEOs hundreds of times what they pay their typical workers.
--Steve Novick, City Commissioner of Portland


Unbelieveable trying to tell someone how much they can make


This is going to tottaly backfire.


Lol


.

Oregon is one of the few states under total liberal control.

 

[007]

Tax the hell otta the major industry... and PROTECT ALL THE ILLEGAL ALIEN PARASITES.

GREAT GOING Portland. You people are fucking GENIUSES..!!