John B. Breaux: “IRS should not be involved in setting the fees for CEOs in this…”

On the recordMay 15, 2003

IRS should not be involved in setting the fees for CEOs in this country. They should not be involved in setting the fees for plumbers or electricians. And they should not be involved in setting the fees for attorneys who have had voluntary agreements between defendants and the plaintiffs about what they should be paid, which have been approved by the courts. All of these fees have been approved by the courts or by the arbitrator. They were voluntarily agreed to. Lawyers don't get paid by the hour in these cases; they get paid by the job. IRS should not determine what are correct payments for services.

Said by

John B. Breaux

Source

govinfo.gov

Editor's note · Context

Discussing the role of the IRS in determining fees for various professions.

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John B. Breaux: “IRS should not be involved in setting the fees for CEOs in this country. They should not be involved in setting the fees…”

Editor's note · Context