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Corporate Taxes: Changes Based on Pay Ratio Differences

This bill aims to change how large companies are taxed, linking the tax rate to the difference between the highest and median employee compensation. This could influence corporate pay policies, potentially reducing income inequality and impacting employment stability in the U.S.
Key points
Publicly traded companies will face higher taxes if the pay gap between their highest-paid employee (e.g., CEO) and the median employee is large.
Additional tax increases for companies that reduce U.S. employees while increasing foreign or contracted workers.
Companies with smaller pay gaps (less than 50 to 1) may receive preference for government contracts.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_1284
Sponsor: Rep. DeSaulnier, Mark [D-CA-10]
Process start date: 2023-03-01
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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 118_HR_1284.

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 2023-03-01.

What are the main provisions?

Key points include:

  • Publicly traded companies will face higher taxes if the pay gap between their highest-paid employee (e.g., CEO) and the median employee is large.
  • Additional tax increases for companies that reduce U.S. employees while increasing foreign or contracted workers.
  • Companies with smaller pay gaps (less than 50 to 1) may receive preference for government contracts.
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-10].

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 2025-12-24.

CATEGORIES

Taxes Labor Economy