II
Calendar No. 93
112th CONGRESS
1st Session
S. 1323
IN THE SENATE OF THE UNITED STATES
June 30, 2011
Mr. Reid introduced the following bill; which was read twice and ordered to be placed on the calendar
A BILL
To express the sense of the Senate on shared sacrifice in resolving the budget deficit.
Sense of the Senate on shared sacrifice
Findings
Congress makes the following findings:
The Wall Street Journal reports that median pay for chief financial officers of S&P 500 companies increased 19 percent to $2,900,000 last year.
Over the past 10 years, the median family income has declined by more than $2,500.
Twenty percent of all income earned in the United States is earned by the top 1 percent of individuals.
Over the past quarter century, four-fifths of the income gains accrued to the top 1 percent of individuals.
Sense of the Senate
It is the sense of the Senate that any agreement to reduce the budget deficit should require that those earning $1,000,000 or more per year make a more meaningful contribution to the deficit reduction effort.
June 30, 2011
Read twice and ordered to be placed on the calendar