Organization: University of Illinois at Chicago
Date: Thursday, 8 Oct 1992 22:23:36 CDT
From: <U56503@uicvm.uic.edu>
Newsgroups: alt.politics.clinton
Subject: ==> Clinton/Gore On Corporate Responsibility

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Information in the public interest which does not imply that it
is the opinion of UIC.  Contact 75300.3115@compuserve.com for
further information.
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          CLINTON/GORE ON CORPORATE RESPONSIBILITY



We can never again allow the corrupt do-nothing values of the
1980's to mislead us.  Never again can we allow Washington to
reward those who speculate in paper, instead of those who put
people first.  Never again can we sit by idly while the plight
of hard-working Americans is ignored.  Never again can we pass
our debts to our children while their futures slip silently
through our fingers.

The average CEO at a major American corporation is paid 100
times more than the average worker.  Our government rewards
that excess with a tax break for executive pay, no matter how
high it is, no matter what performance it reflects.  And then
the government hands out tax deductions to corporations that
shut down their plants here and ship our jobs overseas.

Bill Clinton's National Economic Strategy will reward the
people who work hard and play by the rules - the people who
create new jobs, start new businesses and invest in our people
and our plants here at home.  It's time to do right by the
working people who make America work.


Linking pay and performance

*     Eliminate tax deductions for excessive executive pay.

*     Encourage firms to reward workers for their performance
      and share profits with all employees by restricting
      companies' ability to deduct special payments if they
      are limited to top executives.  Companies will be
      allowed to deduct bonuses tied to profits for top
      executives only if other employees also receive bonuses.

*     Restore the link between pay and performance by
      encouraging companies to provide for employee ownership
      and profit-sharing for all employees, not just
      executives.

*     Allow companies to deduct "golden parachute" payments to
      managers only if they also provide severance packages
      for other employees.

*     Permit shareholders to determine the compensation of top
      executives, and require public corporations to provide
      understandable information on executive compensation to
      their stockholders.

Investing in America for a change

*     Eliminate tax breaks for American companies that shut
      down their American plants and ship our jobs overseas.

*     Crack down on foreign companies in America that prosper
      by manipulating our tax laws to their advantage.

*     Provide a targeted investment tax credit to encourage
      investment in the new plants and productive equipment
      here at home that we need to compete in the global
      economy.

*     Help small businesses and entrepreneurs by offering a 50
      percent tax exclusion to those who take risks by making
      long-term investments in new businesses.

*     Make permanent the research and development tax credit
      to reward companies that invest in ground-breaking
      technologies.

Making polluters pay

*     Get tough on environmental crime by holding companies
      and polluters responsible for their behavior.  When
      corporations deliberately violate environmental laws,
      they'll pay the price -- and, if necessary, polluters
      will go to jail.

*     Create incentives for corporations to curb industrial
      and toxic emissions and reward those who control
      pollutants and recycle.

Reorganizing the workplace

*     Encourage greater cooperation between labor and
      management; set an example in the federal government by
      eliminating unnecessary layers of bureaucracy and
      putting more decision making authority in the hands of
      front-line workers.

*     Sign into law the Family and Medical Leave Act, which
      would give American workers the right to take 12 weeks
      of unpaid leave in order to care newborn children or
      sick family members -- a right enjoyed by workers in
      ever other advanced industrial nation.

*     Require all employers to spend 1.5 percent of payroll
      for continuing educations and training, and make them
      provide that training to all workers, not just
      executives.

*     Create a national health care plan to ensure that all
      businesses can will provide health coverage for their
      coverage.
Xref: sparky alt.politics.clinton:10595 talk.politics.misc:51963