When asked about high CEO pay on CBS’ Face the Nation Sunday morning, Donald Trump called it a “complete joke.”
John Dickerson, host of the talk show, stated that a typical CEO’s salary is now 350 times higher than the pay of the average worker. Trump said that this bothers him, but it’s difficult to do anything about it because of the free enterprise system. He added that boards of directors are supposed to control pay, but don’t because CEOs generally appoint their friends as board members.
Trump specifically called out Macy’s (M) for being guilty of this common practice. The company recently severed business ties with the presidential candidate after his comments about immigrants.
He then spoke about his tax plan, which we can expect he will officially release in three weeks. He wants to lower the corporate tax rate to allow companies to bring money back into the country, which he says they can’t do now because that money goes towards paying taxes.
Trump also said he plans to reduce taxes on the middle class and will raise taxes on “the hedge fund guys.”