3.0.0 2445 2022-11-01T13:50:06Z 2022-11-01T13:50:06Z Senate S 2019-09-09 116 ssfi00 Finance Committee Senate Standing Referred to 2019-09-09T22:31:02Z Equity in Compensation Act 116 2312 S 2019-07-30 Read twice and referred to the Committee on Finance. Related bill CRS 2019-09-09 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2019-09-09 Introduced in Senate IntroReferral 10000 9 Library of Congress M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR N Taxation Corporate finance and management Income tax rates Wages and earnings Taxation 00 2019-09-09 Introduced in Senate 2019-09-18T15:43:07Z Fair Share for Workers Act

This bill imposes an additional tax on the income of corporations that have gross revenues in excess of $1 billion and a wage disparity level in excess of 3,000%. A "wage disparity level" is defined as the ratio of the annual salary of the highest compensated officer of the corporation to the median annual salary of all employees of the corporation.

]]> Fair Share for Workers Act Display Title Fair Share for Workers Act Short Title(s) as Introduced Fair Share for Workers Act Introduced in Senate IS Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to impose a surtax on corporations with significant disparities in employee wages. Introduced in Senate IS Introduced in Senate 2019-09-09T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s2445is/xml/BILLS-116s2445is.xml 2019-09-09 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.