Sanders Proposes Curbing Tax Break for Executive Retirement Perk

Senator Bernie Sanders is proposing hiking taxes on executive retirement plans and using the extra revenue to aid struggling worker pension plans.

Sanders, who is seeking the Democratic presidential nomination, plans to introduce a bill in the Senate Thursday that would stop company leaders and other highly-paid executives from delaying taxes on stock options and deferred compensation that aren’t available to average employees. The tax would take effect when the compensation is vested rather than when money is distributed.

Bernie Sanders speaks during a rally in Myrtle Beach, South Carolina, on Feb. 26.

Photographer: Jim Watson/AFP via Getty Images

“It is no secret that the country’s wealthiest CEOs live by different rules than the other 99%,” the independent senator ...