To: The United States House of Representatives and The United States Senate
Stop Corporate Entitlement Program
Stop using scarce tax dollars to create corporate millionaires. Cap salaries of government contractors.
Why is this important?
It is ludicrous that the CEO’s and executives of corporations primarily funded by government contracts should be raking in million dollar salaries. The average American salary has been stagnant for years and insurance premiums for health care increase. Battelle Memorial Institute runs several National Labs and is dependent on government contracts. The salaries and compensation of Battelle’s 27 highest paid employees totaled over $21 million dollars in 2009, one man accumulating $1.7 million of compensation in a single year. A business that makes 70% or more of their revenue from government contracts needs a salary cap for CEO's and executives of no more than a total compensation of $250,000/year.