Regional News


(Portland, OR)  --  The city of Portland will be taxing publicly-traded companies that pay their CEOs considerably more than they pay the average worker.  The Portland City Council approved the first-of-its-kind plan on a 3-1 vote.  The tax applies to companies whose chief executive officers make at least 100 times more than the average salary of a worker.  Outgoing Portland City Commissioner Steve Novick, who proposed the plan, says he wanted to make a statement on salary disparity between chief executives and rank-and-file workers.

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