Mr. Speaker, my colleague talked about tax fairness. I think about my friend, Mike, who is working at the mill. He is paying taxes like everyone else. However, the government continues to hold up the tax loophole for CEO stock options. I have concerns and Mike has concerns.
Why would CEOs get a tax deduction of almost 50% when they are having a big win? We know who benefits from this tax deduction. Ninety-two percent of it goes to the 1%. This benefits the very wealthy. When people have success, they are winners. We want them to do well, but they need to pay their fair share of taxes. The government continues to support a tax structure that protects the privileged.
This is a step in the right direction, but it is far from what is needed. We need something with more teeth. We need them to follow through on their promise to close the CEO stock option loophole. Will the government take the next step and close that CEO stock option loophole so that CEOs and the 1% pay their fair share of taxes like everyone else in this country? That is tax fairness.