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To amend the Internal Revenue Code of 1986 to adjust the rate of income tax of a publicly traded corporation based on the ratio of compensation of the corporation's highest paid employee to the median compensation of all the corporation's employees.

USA115th CongressHR-3633| House 
| Updated: 8/1/2017
Mark DeSaulnier

Mark DeSaulnier

Democratic Representative

California

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
CEO Accountability and Responsibility Act This bill amends the Internal Revenue Code to: (1) increase the corporate income tax rate for publicly traded corporations that pay their chief executive officers or highest paid employees more than 100 times the median compensation of all their U.S. employees, and (2) decrease the rate for publicly traded corporations that pay their chief executive officers or highest paid employees less than 50 times the median compensation of all their U.S. employees.
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Timeline
Aug 1, 2017
Introduced in House
Aug 1, 2017
Referred to the House Committee on Ways and Means.
  • August 1, 2017
    Introduced in House


  • August 1, 2017
    Referred to the House Committee on Ways and Means.

Taxation

Corporate finance and managementIncome tax ratesWages and earnings

To amend the Internal Revenue Code of 1986 to adjust the rate of income tax of a publicly traded corporation based on the ratio of compensation of the corporation's highest paid employee to the median compensation of all the corporation's employees.

USA115th CongressHR-3633| House 
| Updated: 8/1/2017
CEO Accountability and Responsibility Act This bill amends the Internal Revenue Code to: (1) increase the corporate income tax rate for publicly traded corporations that pay their chief executive officers or highest paid employees more than 100 times the median compensation of all their U.S. employees, and (2) decrease the rate for publicly traded corporations that pay their chief executive officers or highest paid employees less than 50 times the median compensation of all their U.S. employees.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Aug 1, 2017
Introduced in House
Aug 1, 2017
Referred to the House Committee on Ways and Means.
  • August 1, 2017
    Introduced in House


  • August 1, 2017
    Referred to the House Committee on Ways and Means.
Mark DeSaulnier

Mark DeSaulnier

Democratic Representative

California

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Corporate finance and managementIncome tax ratesWages and earnings