S 2849
Tax Excessive CEO Pay Act of 2019
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Bill overview
The Tax Excessive CEO Pay Act of 2019 aims to address concerns about significant disparities between CEO compensation and worker pay. It proposes to increase the corporate income tax rate for companies with a compensation ratio (CEO pay to median worker pay) exceeding 50:1. The tax increase would be tiered based on the magnitude of the ratio, with a maximum increase of 5 percentage points. Corporations with average annual gross receipts under $100 million are exempt from this tax increase.
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