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Portland to Tax Companies Whose CEOs Earn More Than 100 Times Workers

HeadlineDec 08, 2016

In Oregon, Portland’s City Council has voted to impose additional taxes on companies whose CEOs earn more than 100 times the median pay of their workers. The measure, which Portland officials say is the first in the nation, targets and penalizes companies that perpetuate income inequality. Portland Mayor Charlie Hales said, “Income inequality is real, it is a national problem, and the federal government isn’t doing anything about it.”

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