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Corporate Taxes: Changes Based on Pay Ratios

This proposed law aims to change how large companies are taxed. The tax rate will depend on the difference between the highest-paid employee's earnings (e.g., CEO) and the median earnings of all other employees. Additionally, companies with smaller pay gaps may receive preferential treatment in government contracts.
Key points
Higher taxes for companies where the highest-paid employee earns significantly more than the average employee.
Companies with smaller pay gaps (less than 50 to 1) may be preferred in government bidding processes.
Additional tax increases for companies that reduce their U.S. workforce while increasing foreign or contracted employees.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_3301
Sponsor: Rep. DeSaulnier, Mark [D-CA-11]
Process start date: 2021-05-18
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

CEO Accountability and Responsibility Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3301.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-05-18.

What are the main provisions?

Key points include:

  • Higher taxes for companies where the highest-paid employee earns significantly more than the average employee.
  • Companies with smaller pay gaps (less than 50 to 1) may be preferred in government bidding processes.
  • Additional tax increases for companies that reduce their U.S. workforce while increasing foreign or contracted employees.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. DeSaulnier, Mark [D-CA-11].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Taxes Labor Economy