Bernie Sanders has a new plan to reduce the widening gap between the rich and poor. The presidential candidate and decades-long crusader against income inequality unveiled a proposal Monday to raise taxes on businesses whose CEOs make at least 50 times more than their median workers.
The boost in corporate taxes would be imposed on companies that bring in $100 million or more in annual revenue.
Sanders also introduced a wealth tax plan last week in hopes of lessening the nation’s divide in fortunes. His presidential primary opponent Sen. Elizabeth Warren proposed a wealth tax early this year. Both candidates have expressed support for wealth taxes before this year.