- Not enactedThe President has not signed this bill
- The house has not voted
- The senate has not voted
Committee on FinanceIntroducedSeptember 5th, 2018
- senate Committees
The disparity between large corporations’ executives’ pay and their employees’ hourly wages creates economic uncertainty for workers’ families and costs taxpayers money, as underpaid workers rely on welfare programs to make ends meet. Taxing corporations for the federal benefits employees use to make ends meet will either force wages up or bring revenue into the government to pay for these social services.
This bill creates a powerful perverse incentive for companies not to hire poor, single, or minority people — pushing people who need any jobs they can get further down the economic ladder by forcing them into unemployment. Additionally, maintaining compliance with this bill will require a massive violation of employees’ privacy in order to determine what federal benefits they or their family members received.