H.R. 8669 · 116th Congress
Corporate Responsibility and Taxpayer Protection Act of 2020
- Stage
- In committee
- Sponsor
- Ro Khanna
- Introduced
- 2020-10-23
- Latest action
- 2020-10-23 · Introduced in House
Summary
Corporate Responsibility and Taxpayer Protection Act of 2020
This bill imposes an excise tax on large employers (at least 500 full-time employees in the preceding calendar year) for qualified federal benefits received by their employees. The bill defines qualified federal benefits to include food stamps, school lunches, section 8 housing subsidies, and Medicaid benefits.
The bill exempts employers that pay their employees $15 per hour and have less than $100 million in assets.