Political Quotes

Bill Bennett: Will the Senator agree that might have been part of the reason why companies, in an effort to attract and hold the best…

On the recordJuly 15, 2002
Will the Senator agree that might have been part of the reason why companies, in an effort to attract and hold the best executive talent, would have moved away from traditional compensation, that the Senator and I both understood when we were growing up and applying for jobs, and into the more esoteric area of stock options because stock options were, in fact, not deductible; whereas, good old-fashioned pay for services rendered was given a tax disadvantage as a result of the Clinton tax bill?
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Bill Bennett

Editor's note · Context

Discussing the impact of tax policy on executive compensation during a Senate debate.

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