S. 1548 · 116th Congress
Prohibiting Incentives for Corporations that Kickout Employees Tax (PICKET) Act
- Stage
- In committee
- Sponsor
- Jon Tester
- Introduced
- 2019-05-20
- Latest action
- 2019-05-20 · Introduced in Senate
Summary
Prohibiting Incentives for Corporations that Kickout Employees Tax (PICKET) Act
This bill increases the corporate income tax rate from 21% to 35% for corporations participating in a labor lockout during the taxable year. A "labor lockout" is a dispute involving a work stoppage, wherein an employer withholds work from its employees in order to gain a concession from them.
The bill also denies certain tax deductions and credits for remuneration (including wages or other benefits) paid by the taxpayer to a temporary replacement worker during a labor lockout.