Originally published at: WHY NOT? Bernie Unveils ANOTHER New Tax on ‘Executive Retirement Plans’ for High-Income Earners | Sean Hannity
Bernie Sanders unveiled another new tax proposal on wealthy Americans Thursday; calling for higher brackets on “Executive Retirement Plans” to protect “blue-collar workers.”
“In America today, CEOs get unlimited tax breaks on billions in savings, while working people struggle to retire. We will end this $15-billion giveaway to corporate executives to use those funds to protect the pensions of 1.7 million blue-collar workers,” he posted on social media.
In America today, CEOs get unlimited tax breaks on billions in savings, while working people struggle to retire.
We will end this $15-billion giveaway to corporate executives to use those funds to protect the pensions of 1.7 million blue-collar workers.https://t.co/ZaLK7ntegx
— Bernie Sanders (@SenSanders) February 27, 2020
“It is outrageous that a corporate executive in America can get unlimited, special tax privileges on hundreds of millions of dollars in savings, while an ordinary worker can only get tax deferment of up to $19,500 on a 401(k),” the Senator said in a statement released by his Congressional office. “We are going to end these tax breaks for CEOs and use that money to protect 1.7 million workers who are worried about a decent retirement as they face instability in their current pension plans.”
Read the full report here.
Source: The Hill
