In the News
Dem seeks to curb tax breaks for employee buyouts over sexual misconduct
A House Democrat unveiled legislation on Monday that would prevent businesses from deducting the costs of buyouts for employees accused of sexual misconduct to lower the amount of taxes owed.
Rep. Carolyn Maloney's (D-N.Y.) proposal would expand a provision tucked into the GOP's final tax reform legislation that comes amid the national reckoning over sexual harassment.
Under the GOP tax overhaul set for votes in both the House and Senate this week, any settlement payments or attorney fees related to sexual harassment could not be deducted as business expenses if they are subject to nondisclosure agreements.