HR 1979 United States House · 117th Congress

Tax Excessive CEO Pay Act of 2021

Summary

Tax Excessive CEO Pay Act of 2021 This bill increases the current 21% income tax rate of corporations whose ratio of compensation of their principal executive officers or other highest compensated employees to median worker compensation is more than 50 to 1, in which case the increase is 0.5%. The pay ratio disparity extends from 100 to 1 to 500 to 1, in which case the increase is 5%. The bill exempts from such increase certain corporations based upon their average annual gross receipts.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Mar 2021

Committee Review

Floor Vote

President

Introduced Mar 17, 2021 Last action Mar 17, 2021

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 17, 2021

Committee

Referred to the House Committee on Ways and Means.

lower

Mar 17, 2021

Introduced

Introduced in House

lower

1 primary · 22 co-sponsors