Should the federal government use your tax dollars to subsidize - TopicsExpress

Should the federal government use your tax dollars to subsidize million-dollar bonuses for corporate CEOs? This is not a trick question. A 1993 tax law intended to limit corporate tax deductions for executive compensation contains a loophole that might better be termed a loop-crater. The law permits publicly traded corporations to deduct “performance-based” pay lavished on top executives. Taxpayers like you and me are subsidizing multimillion-dollar bonuses and stock options that encourage high-level employees to prioritize short-term profits over the long-term health of their own companies and even our entire economy.

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