U.S. House · 119th Congress · H.R. 5427
Billionaires Income Tax Act
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
- Steve CohenD-TN-9
- Introduced
- September 17, 2025, in the House
- 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 (33)
33 Democrats. Each member is shown with the party they were counted with on the day they signed on. How we count these
Original cosponsors
- Donald S. Beyer, Jr.D-VA-8
- Brendan F. BoyleD-PA-2
- Yvette D. ClarkeD-NY-9
- Danny K. DavisD-IL-7
- Rosa L. DeLauroD-CT-3
- Madeleine DeanD-PA-4
- Dwight EvansD-PA-3
- Maxwell FrostD-FL-10
- John GaramendiD-CA-8
- Jesús G. "Chuy" GarcíaD-IL-4
- Jared HuffmanD-CA-2
- Jonathan L. JacksonD-IL-1
- Robin L. KellyD-IL-2
- Greg LandsmanD-OH-1
- Summer L. LeeD-PA-12
- Betty McCollumD-MN-4
- James P. McGovernD-MA-2
- Kevin MullinD-CA-15
- Jerrold NadlerD-NY-12
- Donald NorcrossD-NJ-1
- Eleanor Holmes NortonD-DC-AL
- Ilhan OmarD-MN-5
- Delia C. RamirezD-IL-3
- Mary Gay ScanlonD-PA-5
- Lateefah SimonD-CA-12
- Linda T. SánchezD-CA-38
- Rashida TlaibD-MI-12
Signed on later
- Judy ChuD-CA-28February 9, 2026
- Zoe LofgrenD-CA-18February 9, 2026
- Nikki BudzinskiD-IL-13February 23, 2026
- Christopher R. DeluzioD-PA-17February 23, 2026
- John B. LarsonD-CT-1February 23, 2026
- Maxine DexterD-OR-3June 24, 2026