Curtailing Executive Overcompensation (CEO) Act

This bill imposes a new 1% excise tax on large corporations with significant pay gaps between top executives and median employees. It targets employers with at least $100 million in annual gross receipts (adjusted for inflation) and $10 million in annual wages over the prior three years. The tax calculates a "pay disparity factor" based on the ratio of the highest-paid executive's compensation to median employee pay, taxing the excess over a 50:1 ratio. The tax amount is the lesser of 1% of this disparity factor or the company's gross receipts, with automatic inflation adjustments for future years.