New bill in Congress would reward companies that give stock to rank-and-file employees

New bill in Congress would reward companies that give stock to rank-and-file employees

The new bill in Congress would give a tax discount to companies that distribute stock to their lowest paid employees.

Bill in Congress could reward companies that give employees stock - Los Angeles Weekly Times

A bipartisan bill introduced in Congress this week would create a new tax incentive for public companies to distribute stock to their rank-and-file employees. The new SHARE Act would give a 3 percentage point discount on the corporate tax rate to large companies that distribute at least 5% of their stock to the lowest paid 80% of employees. It is cosponsored by eleven members of the tax-writing Ways and Means Committee, both Republicans and Demo…