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Economy

Democrats push to tax ‘excessive’ employee pay

By Pete Kasperowicz
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Democrats in the House and Senate have proposed new legislation aimed at ensuring that companies pay taxes on “excessive” employee pay.

The bill, from Rep. Lloyd Doggett, D-Texas, and Sen. Jack Reed, D-R.I., is meant to stop senior employees from getting huge bonuses that their companies can deduct from their corporate tax bill each year.

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