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United States · Bill · S

S. 2849 (116th)

Tax Excessive CEO Pay Act of 2019

referredUnited States· United States Congress· EN

Introduced

13 November 2019

Last action

13 November 2019 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Sanders, Bernard [I-VT], Sen. Warren, Elizabeth [D-MA]

Subjects

Taxation

Source updated

5 December 2025

Taxation

Summary

Tax Excessive CEO Pay Act of 2019 This bill requires an increase in the corporate income tax rate based upon the ratio of compensation paid to the corporation's highest paid employee to median worker compensation. The pay ratios range from greater than 50 to 1 (0.5% increase) to greater than 500 to 1 (5% increase). The bill exempts corporations whose average annual gross receipts during a three-year period are less than $100 million from the rate increase.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 13 November 2019

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 13 November 2019

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 13 November 2019

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 13 November 2019

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 13 November 2019

    Open at official source

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Sponsors

Related records

Sources

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