S 2445
116th Congress
Senate
Taxation
Corporate finance and management
Income tax rates
Wages and earnings
Fair Share for Workers Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 9, 2019
Read twice and referred to the Committee on Finance.
Sep 9, 2019
Introduced in Senate
Plain-English summary
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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1