The incredible firestorm over the $165 million bonus payout at failed insurance giant AIG has dramatically revealed the depth of the public anger at private companies that enrich themselves at taxpayer expense. Congressional action to recoup these bonuses through taxes would be a positive step, but merely undoing the AIG bonuses will leave in place tens of billions of dollars in taxpayer subsidies for banks and corporations that routinely overcompensate their executives. This report includes a chart that identifies key taxypayer subsidies for executive excess and the various reforms now pending in Congress that speak to these problems.
- COMBAT VS. CLIMATE: The Military and Climate Security Budgets Compared
- Executive Excess 2014: The Obamacare Prescription for Bloated CEO Pay
- Walmart’s Executive Bonuses Cost Taxpayers Millions
- The One Percent at State U
- A Call for the Building of an Alternative Legal Framework to the International Investment Treaties: favoring the Public Interest while doing away with Transnational Corporate Impunity
- Restaurant Industry Pay: Taxpayers’ Double Burden
Get the latest from IPS in your inbox.