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Tax on Large Employers with Employees Receiving Federal Benefits

This bill introduces a new tax on large companies whose employees receive federal assistance like food stamps or Medicaid. The aim is to encourage employers to offer better wages and benefits, reducing reliance on public support. Additionally, companies will be prohibited from inquiring about an applicant's receipt of such benefits.
Key points
Large employers (500+ employees) will be taxed an amount equal to the federal benefits received by their employees.
Exemptions apply to companies paying all employees at least $15 per hour or holding less than $100 million in assets.
Employers are prohibited from asking job applicants about their receipt of federal benefits.
The goal is to reduce taxpayer burden related to social assistance for employees of large corporations.
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Additional Information
Print number: 117_HR_9629
Sponsor: Rep. Khanna, Ro [D-CA-17]
Process start date: 2022-12-20