- Accuracy in Media - https://www.aim.org -

Portland City Council Passed Tax on Businesses with Pay Gap between CEOs, Employees

From CBS News’ article [1] on the Left’s common refrain of ‘pay gap’:

“This ordinance won’t do anything to address income inequality,” said Sandra McDonough, the CEO of the Portland Business Alliance.

She worries the new law could drive businesses away from Portland.

“We’re concerned about it because it’s sending a signal that Portland isn’t working collaboratively with the people who can create jobs and improve incomes,” McDonough said.

The new law goes into effect this month and is expected to generate between $2.5 and $3.5 million.