Proposed
Bill · 119th Congress · HR 7767
Make Billionaires Pay Their Fair Share Act
Refreshed 2 h ago
Introduced 2026-03-03Topic: taxes · health care · social servicesSummary
AI-generated summary, report an errorThis bill would create a yearly federal tax of 5 percent on the net worth of individuals and trusts whose assets are worth more than $1 billion, with married couples counted as one taxpayer. It would require the IRS to audit at least half of those taxpayers each year and would set a 60 percent rate for certain people who give up U.S. citizenship. It would provide 2026 rebate payments of $3,000 per person ($6,000 for joint filers) plus $3,000 per dependent. It would repeal certain health provisions of a 2025 budget law, remove the income cap on Affordable Care Act premium tax credits, and add dental, hearing, and vision coverage to Medicare. The bill's table of contents also lists titles on a Housing Trust Fund, child care, a $60,000 minimum salary for public school teachers, and Medicaid home and community-based services.
Sponsors
- Ro Khanna Democrat sponsor
- 7 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2026-03-03 | House | Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Financial Services, and Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. | refer |
| 2026-03-03 | House | Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Financial Services, and Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. | refer |
| 2026-03-03 | House | Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Financial Services, and Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. | refer |
| 2026-03-03 | House | Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Financial Services, and Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. | refer |
| 2026-03-03 | Introduced in House | introduce | |
| 2026-03-03 | Introduced in House | introduce |