H. R. 7041 is a bill proposed to amend the Internal Revenue Code of 1986 by increasing the corporate tax rate for companies where the CEO or highest-paid employee earns over 50 times more than the median worker. The bill includes a system where the tax rate increase is based...
Simple Explanation
H.R. 7041 is a bill that wants big companies to pay more taxes if their bosses earn too much more than the average worker in the company. If a boss earns more than 50 times what a regular worker does, the company has to pay extra taxes.