Tuesday, July 28th Recap:

Lisa started out by talking about a bill concerning executive pay; there will probably be no health care vote on the floor before the August recess starts this Friday. The question is
is there an incentive or disincentive for an employer to hire people when the government will charge a (sliding scale) health care tax of a company according to its payroll?

Guest, Wayne Pacelle of the Humane Society was on the phone and had a lot of interesting information about the spay/neuter programs and attitudes people have about their treatment of animals.

Then switching gears, Lisa said that you probably want to know what the government can do about your paycheck. She read that the NY Times reported late this afternoon a House Panel approved new rules on Executive pay. Our freshman Congressman, Jim Himes, is on that panel. To get a bill passed it has to come out of Committee before it goes to the House (of Representatives) and Senate; they both have to approve and sign it before it goes to the President for his signature and made law.
Lisa also noted that it is harder to get things out of Committee than it used to be. This bill was along party lines, the headline marked an important victory for the White House, as the Congressional Committee approved this afternoon, a legislation closely resembling the Obama administration’s proposal that it intends to impose new restraints on Executive pay. So philosophically, the question is: what business is it of the government to decide how much money a company gets to pay its executives. The government is entitled to set the pay for people who work for the government, but should the government be permitted, and under what circumstances ought the government decide how much money an entrepreneur pays a sales person or its CEO? And does it matter whether or not a company is public or private? What kind of an interest does our government think that it has in getting into the micro management of another company? Approval of the bill by the House Financial Services Committee was won on a 40 to 28 vote. Lisa said that this reaffirms her view that the party you vote for is more important than the person you vote for. The reality is that most of time members of a party tend to vote with their party leadership. So it’s important to know the party platform and decide which you tend to agree with more. Mr. and Mrs. Public who own shares in companies may be voting about items and not really be fully informed about their decisions.

Listen to the full broadcast on Live with Lisa on www.WSTCWNLK.com or www.livewithlisaradio.com.