To amend the Internal Revenue Code of 1986 to adjust the rate of income tax of a publicly traded corporation based on the ratio of compensation of the corporations highest paid employee to the median compensation of all the corporations employees, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill reduces a tax rate change, appropriation, reporting req provision: 2 and adds or tightens a compliance mandate, procurement, definition change provision: 3. It relies on tax rate changes, appropriations, reporting requirements, and compliance mandates. The main policy areas are Finance and Labor.
Who Benefits and How
The available clause analysis does not identify a specific beneficiary group.
Who Bears the Burden and How
No clear private burden is identified from the available clause analysis; implementing agencies may still take on administrative work.
Key Provisions
- Reduces a tax rate change, appropriation, reporting req provision: 2.
- Adds or tightens a compliance mandate, procurement, definition change provision: 3.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for primary purpose and policy domains.
At a Glance
What This Bill Does
The bill reduces a tax rate change, appropriation, reporting req provision: 2 and adds or tightens a compliance mandate, procurement, definition change provision: 3.
Key Policy Areas
Finance, Labor
Primary Purpose
The bill reduces a tax rate change, appropriation, reporting req provision: 2 and adds or tightens a compliance mandate, procurement, definition change provision: 3.
Policy Domains
Legislative Progress
IntroducedMr. DeSaulnier introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → Secretary of the Treasury
- "head_of_executive_agency"
- → Head of an executive agency (contracting officer)
Key Definitions
Terms defined in this bill
Total compensation as reported in SEC Summary Compensation Table per Item 402 of Regulation S-K.
Wages as defined in IRC section 3121(a) paid during the calendar year.
Ratio of the greater of CEO or highest-paid employee compensation to median compensation of all U.S. employees of the company.
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology