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Expert Analysis

Calif. Proposes A Job-Killing Tax On Talent

Law360, New York (July 7, 2014, 10:26 AM EDT) -- Next session, the California state legislature plans to raise corporate taxes on companies with high CEO pay. A similar bill passed a California Senate committee on May 23, but died when the Senate failed to pass it with 19 votes in favor and 17 votes against (a two-thirds majority was required for the bill to become law). The proposed bill would increase taxes on companies that pay executives more than 100 times average worker pay. Legislators justify the proposal on inequality grounds: the tax would "level the playing field" by compressing the wage distribution....

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