The California Senate on Wednesday could not muster the votes to pass a measure that would have penalized high chief executive salaries with higher corporate taxes.
"Income inequality and poverty in this state and this country is a far greater risk, I believe, than terrorism from other countries," DeSaulnier told his colleagues.
“Democracy does not thrive in oligarchies,” added Sen.
The bill failed to get a majority votes after some Democrats, including Sens.
“What business has the state of California in setting the salaries of corporate executives,” Nielsen asked his colleagues. Sen.