Income Equity Act of 2007
Last action on Oct 17, 2007Referred to the House Committee on Ways and Means.
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Summary
Income Equity Act of 2007 - Amends the Internal Revenue Code to: (1) deny employers a tax deduction for payments of excessive compensation to any employee (i.e., more than 25 times the lowest compensation paid any other employee); and (2) require such employers to file a report on compensation paid to their employees with the Secretary of the Treasury.
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