Make Billionaires Pay Their Fair Share Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 8
- Latest action
- Mar 3, 2026
What it does
The bill would impose a 5% annual tax on the net value of assets held by individuals or trusts whose total assets exceed $1 billion, with the threshold adjusted for inflation each year after 2026. It applies to U.S. taxpayers, including married couples filing jointly treated as a single taxpayer, and includes special rules for trusts, nonresidents, deceased individuals, and related children’s assets. The revenue would fund various provisions including affordability rebates, healthcare expansions, education investments, housing, child care, teacher salary increases, and long-term care services.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
While a bill can still move, the questions are about people and money.