It was a solid plan t bad it didn’t last.
In his 1992 campaign manifesto “Putting People First,” Bill Clinton called for a strict cap on the tax deductibility of executive compensation. The sky would still be the limit for CEO pay levels, but anything above $1 million would not be considered a reasonable business expense worthy of a corporate tax deduction.
It was a solid plan to discourage out-sized paychecks. Too bad it didn’t last.
After their election victory, Clinton’s top economic advisers persuaded the president (over Labor Secretary Robert Reich’s objections) to insert a huge loophole in his proposal. So-called “performance” pay, including stock options and certain bonuses, would be exempted from the deductibility cap. Congress passed this proposal as part of a larger tax bill in 1993. In response, companies began limiting salaries to around $1 million and defining the vast bulk of compensation as a reward for “performance.”
https://www.politico.com/agenda/story/2016/08...rm-000195/
Nothing like a FAT bank account RIGHT
Off the back's of the American people
I wonder how many Plain rides that payed to the Old Epstein Ranch
Oh I'm sorry he was having his way with his 22 year old Intern .
Man he was Fucking every One
In his 1992 campaign manifesto “Putting People First > > > L O L
In his 1992 campaign manifesto Fucking People into the ground
Getting back to the Clorox Enema's 2 a day
You know the old saying 2 a day keeps the Doctor > Away
So " I " heard
In his 1992 campaign manifesto “Putting People First,” Bill Clinton called for a strict cap on the tax deductibility of executive compensation. The sky would still be the limit for CEO pay levels, but anything above $1 million would not be considered a reasonable business expense worthy of a corporate tax deduction.
It was a solid plan to discourage out-sized paychecks. Too bad it didn’t last.
After their election victory, Clinton’s top economic advisers persuaded the president (over Labor Secretary Robert Reich’s objections) to insert a huge loophole in his proposal. So-called “performance” pay, including stock options and certain bonuses, would be exempted from the deductibility cap. Congress passed this proposal as part of a larger tax bill in 1993. In response, companies began limiting salaries to around $1 million and defining the vast bulk of compensation as a reward for “performance.”
https://www.politico.com/agenda/story/2016/08...rm-000195/
Nothing like a FAT bank account RIGHT
Off the back's of the American people
I wonder how many Plain rides that payed to the Old Epstein Ranch
Oh I'm sorry he was having his way with his 22 year old Intern .
Man he was Fucking every One
In his 1992 campaign manifesto “Putting People First > > > L O L
In his 1992 campaign manifesto Fucking People into the ground
Getting back to the Clorox Enema's 2 a day
You know the old saying 2 a day keeps the Doctor > Away
So " I " heard
