U.S. Senate · 119th Congress · S. 2845
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
- September 17, 2025, 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 (23)
23 Democrats. Each member is shown with the party they were counted with on the day they signed on. How we count these
Original cosponsors
- Angela D. AlsobrooksD-MD
- Tammy BaldwinD-WI
- Richard BlumenthalD-CT
- Tammy DuckworthD-IL
- John FettermanD-PA
- Martin HeinrichD-NM
- Mazie K. HironoD-HI
- Ben Ray LujánD-NM
- Edward J. MarkeyD-MA
- Jeff MerkleyD-OR
- Christopher MurphyD-CT
- Patty MurrayD-WA
- Jack ReedD-RI
- Bernard SandersD-VT
- Brian SchatzD-HI
- Tina SmithD-MN
- Chris Van HollenD-MD
- Elizabeth WarrenD-MA
- Peter WelchD-VT
- Sheldon WhitehouseD-RI
Signed on later
- Adam B. SchiffD-CASeptember 30, 2025
- Christopher A. CoonsD-DEAugust 6, 2026
- Alex PadillaD-CASeptember 14, 2026