Hi Neighbor...
The difference between me and most any other candidate at this level is I'm not receiving and will never receive donations from these huge corporations. So, I owe them nothing but I owe the American people the truth. I'm Keith Davenport and I definitely approve this message!
Corporate Pay Disparity and the Problems It Causes
A recent report by Americans for Tax Fairness and the Institute for Policy Studies has exposed a shocking trend: 35 large, profitable corporations collectively paid their top 5 executives more in compensation than they paid in federal income taxes over 5 years.
These household names, including Tesla, T-Mobile, Netflix, MetLife, and Duke Energy, received a staggering $2 billion in tax refunds while showering their executives with exorbitant pay packages.
This blatant inequality is a symptom of a broken tax system that allows corporations to prioritize lining the pockets of their top brass over contributing their fair share to the public good. Instead of passing on profits and tax savings to hardworking employees, these companies exploit loopholes and offshore tax havens to dodge their fiscal responsibilities.
The result? A widening wealth gap, crumbling infrastructure, and underfunded public services which leave working people struggling to make ends meet. It's time to build an economy that works for all of us, not just the wealthy elite.
Some of suggesting raising corporate tax is the answer and Keith doesn't agree. There is a inordinate pay disparity between corporate executives and the average worker in American corporations. According to the Economic Policy Institute, in 2022, CEOs were paid 344 times as much as a typical worker in contrast to 1965 when they were paid 21 times as much as a typical worker. To illustrate just how distorted CEO pay increases have gotten: In 2021, CEOs made nearly eight times as much as the top 0.1% of wage earners in the U.S.
This problem is being passed on to American consumers in the form of higher prices. Keith believes the best approach to this problem is to set a cap on the pay disparity between any corporate executive and those employees on the lowest end of the pay totem pole.
SOURCE:
Americans for Tax Fairness: https://americansfortaxfairness.org/less-us-corporations-pay-executives-uncle-sam/
Economic Policy Institute: https://www.epi.org/