Summary: H.R.8669 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.8669. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (10/23/2020)

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.