Increased taxes on companies that lay people off and take bonuses

Economy
,
1

for too long companies have used lay-offs as a way to juke their budgets and end of year profit reports. Too many CEOs and companies use lay-offs to artificially increase revenue by decreasing overhead, thus preserving their bonuses and rewards.

This proposal would reverse this. Any company that lays-off personnel and then reports a profit, with company leaders taking bonuses and other compensation, would be forced to decline all corporate tax deductions and pay additional taxes for each person laid-off.

This would cover people being laid-off, fired, or otherwise deprived of employment within 45 days of each quarter and the end of a fiscal year.

Taxes recovered this way would immediately go to unemployment and other displaced worker funding provided by the government.

2

This is a great idea. I was laid-off not due to an organizational deficit, but because another person was spending too much on their pet project and needed my team’s salaries to pay for it.