[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 1323 Placed on Calendar Senate (PCS)]

                                                        Calendar No. 93
112th CONGRESS
  1st Session
                                S. 1323

To express the sense of the Senate on shared sacrifice in resolving the 
                            budget deficit.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             June 30, 2011

   Mr. Reid introduced the following bill; which was read twice and 
                  ordered to be placed on the calendar

_______________________________________________________________________

                                 A BILL


 
To express the sense of the Senate on shared sacrifice in resolving the 
                            budget deficit.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SENSE OF THE SENATE ON SHARED SACRIFICE.

    (a) Findings.--Congress makes the following findings:
            (1) The Wall Street Journal reports that median pay for 
        chief financial officers of S&P 500 companies increased 19 
        percent to $2,900,000 last year.
            (2) Over the past 10 years, the median family income has 
        declined by more than $2,500.
            (3) Twenty percent of all income earned in the United 
        States is earned by the top 1 percent of individuals.
            (4) Over the past quarter century, four-fifths of the 
        income gains accrued to the top 1 percent of individuals.
    (b) Sense of the Senate.--It is the sense of the Senate that any 
agreement to reduce the budget deficit should require that those 
earning $1,000,000 or more per year make a more meaningful contribution 
to the deficit reduction effort.
                                                        Calendar No. 93

112th CONGRESS

  1st Session

                                S. 1323

_______________________________________________________________________

                                 A BILL

To express the sense of the Senate on shared sacrifice in resolving the 
                            budget deficit.

_______________________________________________________________________

                             June 30, 2011

          Read twice and ordered to be placed on the calendar