3.0.0 2143 2023-01-11T13:35:57Z 2023-01-11T13:35:57Z House HR 2017-04-25 115 [Congressional Record Volume 163, Number 70 (Tuesday, April 25, 2017)][Pages H2847-H2848]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. VARGAS:H.R. 2143.[[Page H2848]]Congress has the power to enact this legislation pursuantto the following:Congress has the constitutional authority to enact thislegislation pursuant Article 1, Section 8, Clause 1 of theU.S. Constitution, which states: ``The Congress shall havethe power to lay and collect taxes, duties, imposts andexcises, to pay the debts and provide for the common defenseand general welfare of the United States; but all duties,imposts and excises shall be uniform throughout the UnitedStates.'']]> hswm00 Ways and Means Committee House Standing Referred to 2017-04-25T16:02:35Z 2017-04-25 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-04-25 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-04-25 Introduced in House IntroReferral 1000 9 Library of Congress V000130 Rep. Vargas, Juan [D-CA-51] Juan Vargas D CA 51 N D000623 Rep. DeSaulnier, Mark [D-CA-11] Mark DeSaulnier D CA 11 2018-01-19 False Taxation General taxation matters Tax reform and tax simplification Taxation 00 2017-04-25 Introduced in House 2017-04-28T18:25:00Z Donald J. Trump Wealth Tax Act of 2017

This bill imposes a 14.25% tax on any U.S. citizen, resident, or applicable trust with a net worth that exceeds $10 million. The tax applies to the portion of the net worth that exceeds $10 million, excluding the value of any principal residence and its indebtedness.

]]> Donald J. Trump Wealth Tax Act of 2017 Display Title Donald J. Trump Wealth Tax Act of 2017 Official Title as Introduced To impose a net worth tax of 14.25 percent on all individuals and trusts with a net worth of $10,000,000 or more. Introduced in House IH Short Titles as Introduced Donald J. Trump Wealth Tax Act of 2017 Introduced in House 2017-04-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2143ih/xml/BILLS-115hr2143ih.xml 2017-04-25 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.