U.S. Senate · 118th Congress · S. 3367
Billionaires Income Tax Act
A bill to amend the Internal Revenue Code of 1986 to eliminate tax loopholes that allow billionaires to defer tax indefinitely through planning strategies such as "buy, borrow, die", to modify over 30 tax provisions so that billionaires are required to pay taxes annually, and for other purposes.
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- Sponsor
- Ron WydenD-OR
- Introduced
- November 30, 2023, in the Senate
- Issue areas
- Policy area
- Taxation (from the Congressional Research Service)
- Full text and actions
- congress.gov
Votes on this bill (0)
Neither the House nor the Senate has held a roll-call vote on this bill.
Cosponsors (19)
19 Democrats. Each member is shown with the party they were counted with on the day they signed on. How we count these
Original cosponsors
- Tammy BaldwinD-WI
- Sherrod BrownD-OH
- Robert P. Casey, Jr.D-PA
- John FettermanD-PA
- Mazie K. HironoD-HI
- Edward J. MarkeyD-MA
- Jeff MerkleyD-OR
- Jack ReedD-RI
- Bernard SandersD-VT
- Brian SchatzD-HI
- Tina SmithD-MN
- Debbie StabenowD-MI
- Elizabeth WarrenD-MA
- Peter WelchD-VT
- Sheldon WhitehouseD-RI
Signed on later
- Ben Ray LujánD-NMDecember 19, 2023
- Laphonza R. ButlerD-CAJanuary 25, 2024
- Tammy DuckworthD-ILFebruary 6, 2024
- Martin HeinrichD-NMJuly 11, 2024