H.R. 8085 (IH) - Ultra-Millionaire Tax Act of 2026 - BILLS-119hr8085ih | Content Details

H.R. 8085 (IH) - Ultra-Millionaire Tax Act of 2026

Action: Ms. Jayapal (for herself, Mr. Boyle of Pennsylvania, Ms. Ansari, Mr. Beyer, Ms. Chu, Mr. Davis of Illinois, Ms. Dean of Pennsylvania, Mr. Deluzio, Mr. DeSaulnier, Mrs. Foushee, Ms. Friedman, Mr. Frost, Mr. García of Illinois, Mr. Garcia of California, Mr. Goldman of New York, Mrs. Grijalva, Mr. Ivey, Mr. Jackson of Illinois, Mr. Johnson of Georgia, Ms. Kelly of Illinois, Ms. Lee of Pennsylvania, Mr. McGovern, Mr. Nadler, Ms. Norton, Ms. Ocasio-Cortez, Ms. Omar, Mr. Pallone, Ms. Pressley, Mrs. Ramirez, Ms. Sánchez, Ms. Schakowsky, Ms. Simon, Mr. Smith of Washington, Ms. Stansbury, Mr. Takano, Mr. Thanedar, Ms. Tlaib, Ms. Tokuda, Ms. Velázquez, and Mrs. Watson Coleman) introduced the following bill; which was referred to the Committee on Ways and Means

Full Title: To amend the Internal Revenue Code of 1986 to impose a tax on the net value of assets of a taxpayer, and for other purposes.

Cosponsors: Brendan F. Boyle (PA); Yassamin Ansari (AZ); Donald S. Beyer, Jr. (VA); Judy Chu (CA); Danny K. Davis (IL); Madeleine Dean (PA); Christopher R. Deluzio (PA); Mark DeSaulnier (CA); Valerie P. Foushee (NC); Laura Friedman (CA); Maxwell Frost (FL); Robert Garcia (CA); Daniel S. Goldman (NY); Adelita S. Grijalva (AZ); Glenn Ivey (MD); Jonathan L. Jackson (IL); Henry C. "Hank" Johnson, Jr. (GA); Robin L. Kelly (IL); Summer L. Lee (PA); James P. McGovern (MA); Jerrold Nadler (NY); Eleanor Holmes Norton (DC); Alexandria Ocasio-Cortez (NY); Ilhan Omar (MN); Frank Pallone, Jr. (NJ); Ayanna Pressley (MA); Delia C. Ramirez (IL); Linda T. Sanchez (CA); Janice D. Schakowsky (IL); Lateefah Simon (CA); Adam Smith (WA); Melanie A. Stansbury (NM); Mark Takano (CA); Shri Thanedar (MI); Rashida Tlaib (MI); Jill N. Tokuda (HI); Nydia M. Velazquez (NY); Bonnie Watson Coleman (NJ)