Does the Senator from Delaware remember that in 1993 when we increased taxes in the Clinton tax increase, we also put a limit of $1 million on the total amount of deductions a company could take for salary for its employees? In other words, that CEO could not be paid over $1 million for his or her services and have the company deduct that as a legitimate expense for tax purposes.
Discussing tax policy and salary deductions during a Senate debate.
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I think it's bad policy to do that. I also think it's going to be very bad politics, because of the opposition.
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