Rollover any line of text to comment and/or link to it.
S 1323 PCS
Calendar No. 93
112th CONGRESS
1st Session
S. 1323
To express the sense of the Senate on shared sacrifice in resolving the budget deficit.
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.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SENSE OF THE SENATE ON SHARED SACRIFICE.
(a) Findings- Congress makes the following findings:
(1) 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.
(2) Over the past 10 years, the median family income has declined by more than $2,500.
(3) Twenty percent of all income earned in the United States is earned by the top 1 percent of individuals.
(4) Over the past quarter century, four-fifths of the income gains accrued to the top 1 percent of individuals.
(b) 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.
Calendar No. 93
112th CONGRESS
1st Session
S. 1323
A BILL
To express the sense of the Senate on shared sacrifice in resolving the budget deficit.
June 30, 2011
Read twice and ordered to be placed on the calendar
U.S. Congress - Text of S.1323 as Placed on Calendar Senate A bill to express the sense of the Senate on shared sacrifice in resolving the budget d...
