Make Billionaires Pay Their Fair Share Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 2
- Latest action
- Mar 2, 2026
What it does
The Make Billionaires Pay Their Fair Share Act would impose an annual 5% tax on the net value of assets held by individuals or trusts whose total assets exceed $1 billion, with the threshold adjusted for inflation after 2026. It applies to U.S. taxpayers, including married couples treated as a single unit, and includes special rules for trusts, nonresidents, deceased individuals, and covered expatriates. The bill also includes provisions related to health care, education, housing, child care, teacher salaries, and long-term care services, funded in part by the wealth tax.
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.
Where it goes next
While a bill can still move, the questions are about people and money.