The Speaker of the Hizzous just finished speaking to reporters. "Sometimes it's hard to do the right thing," he said. Boehner also hinted that if some people would have been willing to stick around and work over the holidays, maybe they coulda got this thing done but you know how people can get around this time of year.
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Accounting News Roundup: CEO Pay > Taxes Paid; Auditors Now Under Heat for Greek Debt; Ripping off the Old People | 08.31.11
- Caleb Newquist
- August 31, 2011
Some companies pay their CEOs more than Uncle Sam, study says [WaPo]
It has become a bipartisan article of faith in some quarters that the income tax on U.S. corporations must be lowered. But for many large U.S. companies, the burden of U.S. taxation pales in comparison with what they pay their chief executives, according to a study released Wednesday by the Institute of Policy Studies, a liberal think tank. Of last year’s 100 highest-paid corporate executives in the United States, 25 earned more in pay than their company recorded as a tax expense in 2010.