Tie business tax breaks to executive compensation?

Question

Was just reading about the Senate capping tax-deferred executive compensation at $1 million to pay for the new round of handouts to businesses, and came up with an interesting concept.

It would seem to me that any business- big, small, incorporated or independent- at which an owner, executive or board member receives a compensation or severance package that exceeds $1 million is in no need of any additional tax breaks. Certainly, any business in this category that claims they'll have to cut jobs if the minimum wage is increased is lying; either they're swimming in cash or the executives are getting ready to bail out. Any additional tax breaks will not see their way to creating any more positions or increasing the base salary level; they'll just be funneled to those that are already millionaires. Why not pass legislation that, in addition to the proposal to cap tax-deferred earnings, would exclude any business that fits into this category from any additional tax relief or handouts?

Answer 1

I well understand your sentiment. JUST ASK YOUR SELF, HOW MUCH HAVE YOU GIVEN IN ACTUAL DOLLARS TO HELP A POLITICIAN ON ANY LEVEL GET INTO OFFICE IN THE LAST FIVE YEARS, TEN YEARS. If you are like most people the answer is less than 2% of our income.

The people you are complaining about are the ones that put their money to work. Start small help your councilman make a better neighborhood then expand from there. You will make a big difference, join us where the tires meet the road instead of screaming from the nose bleed seats.