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San Francisco’s ‘Overpaid CEO Tax’ Heads to Voters
Labor and business groups are dueling over whether San Francisco should raise or cut the executive-pay tax, a fight that could shift city revenue by tens of millions of dollars.
Summary by sfpublicpress.org
2 Articles
2 Articles
San Francisco’s ‘Overpaid CEO Tax’ Heads to Voters
As California heads toward a fight over a proposed state tax on billionaires, San Francisco has become an early battleground, with voters weighing whether to increase taxes on corporations with wide gaps between executive and worker pay. Also known as the “Overpaid CEO Tax,” Proposition D would raise taxes on companies earning more than $5 million in annual San Francisco revenue if their top executives make at least 100 times the pay of a typica…
Gap’s CEO-to-worker pay is 1,690-to-1. Other firms fighting S.F. CEO tax are close behind.
San Francisco companies with wide pay disparities are opposing a tax measure that would levy taxes on companies with wide pay disparities. Gap’s CEO-to-worker pay is 1,690-to-1. Other firms fighting S.F. CEO tax are close behind.
Coverage Details
Total News Sources2
Leaning Left1Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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