Wealth Tax Supporters
Feedback
Bill or law · United States

Ultra-Millionaire Tax Act of 2026 (S. 4246 and H.R. 8085, 119th Congress)

Pending

The 119th Congress version: 2% on net worth between $50 million and $1 billion and 3% above (6% with Medicare for All); the text matches the 2024 bill apart from dates and the enforcement funding years.

Overview

The 2026 Ultra-Millionaire Tax Act is the 119th Congress version of the Warren and Jayapal proposal: 2% on net worth between $50 million and $1 billion and 3% above, with 6% above $1 billion if Medicare for All is in effect. Its text matches the 2024 bill apart from dates and the years of the enforcement funding.

Representative Jayapal introduced it in the House on 25 March 2026 as H.R. 8085, and Senator Warren in the Senate on 26 March as S. 4246. The latest action in the govinfo data on 1 November 2026 is the referral to the Ways and Means and Finance committees. The 119th Congress ends on 3 January 2027, and the cosponsor lists can grow until then. The register compared the official lists on 8 November 2026 and added the one cosponsor it was missing.

Written from the records and links on this page.

On the record 62

Statements, votes and sponsorships in the register whose source is this bill or one of its documents: 62 sponsorships.

Show the other 22

Official documents 1

From the records tracker for United States: the bill, its debates, votes and committee reports, and whether each has been read in full.

  • Ultra-Millionaire Tax Act of 2026 ↗Read in full
    Bill · S. 4246 / H.R. 8085 (119th) · 2026-03-25 · US Senate; US House
    What the reading found

    Found: Official lists compared: one cosponsor missing (Lofgren), added.

    Not read: Cosponsor lists can grow until the 119th Congress ends on 3 January 2027.

People in the register 62

Sponsors and signatories who are on a register, each with the statement they rest on.