The Wall Street Journal Quotes Robin Schachter on Sanders Proposal for Executive Retirement Plans
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Akin Gump tax partner Robin Schachter has been quoted by The Wall Street Journal in the article “Bernie Sanders Aims New Tax Hike at Executive Retirement Plans,” which reports on a proposal by the presidential candidate that would sharply reduce the tax benefits of executives’ retirement plans. The Journal says the plan would also require earlier taxation of stock options.
According to the article, Sanders’ bill, if enacted, would prompt large companies to restructure compensation plans and force many professional-class workers to change their financial-planning decisions.
Schachter observed that the plan “will alter a lot of pay arrangements—and not necessarily in a way that moderates pay packages.”
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