[Congressional Record Volume 157, Number 96 (Thursday, June 30, 2011)]
[Senate]
[Pages S4297-S4298]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

      By Mr. REID:
  S. 1323. A bill to express the sense of the Senate on shared 
sacrifice in resolving the budget deficit; placed on the calendar.
  Mr. REID. Mr. President, I ask unanimous consent that the text of the 
bill be printed in the Record.
  There being no objection, the text of the bill was ordered to be 
printed in the Record, as follows:

                                S. 1323

       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.

[[Page S4298]]

       (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.

                          ____________________