US Congress House Bill 382 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 7-0)
Status: Introduced on January 20 2011 - 25% progression, died in committee
Action: 2011-01-20 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Income Equity Act of 2011- Amends the Internal Revenue Code to: (1) deny employers a tax deduction for payments of excessive compensation to any full-time employee (i.e., compensation for services exceeding the greater of 25 times the lowest compensation paid to any other employee or $500,000), and (2) require such employers to file a report with the Secretary of the Treasury on excessive compensation (as defined by this Act) paid to their employees. Defines "compensation" to include wages, salary, deferred compensation, retirement contributions, options, bonuses, property, and other forms of compensation.

Income Equity Act of 2011

Rep. Barbara Lee [D-CA]	Rep. Keith Ellison [D-MN]	Rep. Raul Grijalva [D-AZ]	Rep. Luis Gutierrez [D-IL]
Rep. Jesse Jackson [D-IL]	Rep. Peter Visclosky [D-IN]	Rep. Lynn Woolsey [D-CA]

Date	Chamber	Action
2011-01-20	House	Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/382/all-info
Text	https://www.congress.gov/112/bills/hr382/BILLS-112hr382ih.pdf