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- S.2849
S.2849: Tax Excessive CEO Pay Act of 2019
About This Bill
- Introduced Nov. 13, 2019
- Latest Major Action Nov. 13, 2019
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in Senate - Nov. 13, 2019
Bill Summary
Tax Excessive CEO Pay Act of 2019 This bill requires an increase in the corporate income tax rate based upon the ratio of compensation paid to the corporation's highest paid employee to median worker compensation. The pay ratios range from greater than 50 to 1 (0.5% increase) to greater than 500 to 1 (5% increase). The bill exempts corporations whose average annual gross receipts during a three-year period are less than $100 million from the...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Nov. 13, 2019 |
Read twice and referred to the Committee on Finance.
|
| Nov. 13, 2019 |
Introduced in the Senate by Bernard Sanders (ID-Vt.) |