What does Preamble of Make Billionaires Pay Their Fair Share Act do?

This bill proposes to amend the Internal Revenue Code of 1986. The proposed amendment would impose an annual tax on the net value of assets held by a taxpayer.

What does SHORT TITLE, ETC. of Make Billionaires Pay Their Fair Share Act do?

This Act is formally titled the Make Billionaires Pay Their Fair Share Act.

What does IMPOSITION OF TAX ON NET VALUE OF ASSETS. of Make Billionaires Pay Their Fair Share Act do?

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What does ENFORCEMENT. of Make Billionaires Pay Their Fair Share Act do?

This section establishes enforcement procedures for the tax imposed under section 2901 of the Internal Revenue Code of 1986. The Secretary of the Treasury must audit at least 50 percent of taxpayers required to pay this tax annually. Funding is appropriated to the Internal Revenue Service for enforcement activities, equivalent to 1 percent of the revenues from the tax.

What does AFFORDABILITY REBATES. of Make Billionaires Pay Their Fair Share Act do?

This section amends Section 6428B of the Internal Revenue Code of 1986, changing the name of the provision from '2021 recovery rebates to individuals' to 'affordability rebates'. The 'affordability rebate amount' is defined as $3,000 ($6,000 for joint returns) plus $3,000 multiplied by the number of dependents. The maximum rebate amount for individuals is increased from $1,400 to $3,000, and for married couples, from $2,800 to $6,000. The effective dates for various provisions within Section 6428B are shifted from 2021 to 2026. Paragraphs related to 2020 and 2019 are updated to refer to 2025. The table of sections for subchapter B of chapter 65 of the Internal Revenue Code of 1986 is amended to reflect the change in section name to 'Affordability rebates'.

What does REPEAL OF RECONCILIATION HEALTH PROVISIONS. of Make Billionaires Pay Their Fair Share Act do?

This section repeals subtitle B of title VII of An Act to provide for reconciliation pursuant to title II of H. Con. Res. 14 (Public Law 119-21). The repeal applies to laws and regulations referenced in subtitle B, treating them as if the subtitle had not been enacted. Exceptions are made for sections 71202, 71306, and 71401 of the referenced Act. Section 2105(h) of the Social Security Act (42 U.S.C. 1397ee(h)), as added by Public Law 119-21, is amended to modify the availability of funds allocated under the rural health transformation program. The amendment changes the subparagraph heading in paragraph (1)(B) from 'Unexpended or unobligated' to 'Availability of'. The amendment removes clauses (i) through (iii) in paragraph (1)(B) and replaces them with a clause stating funds allocated to a State shall remain available until expended, subject to clause (ii). The amendment redesignates clause (iv) in paragraph (1)(B) as clause (ii). The amendment changes a reference in paragraph (2)(C) from 'paragraph (1)(B)(iv)' to 'paragraph (1)(B)(ii)'.

What does INCREASE IN ELIGIBILITY FOR PREMIUM TAX CREDIT. of Make Billionaires Pay Their Fair Share Act do?

This section amends section 36B of the Internal Revenue Code of 1986, related to the premium tax credit. It increases the income eligibility for the premium tax credit by striking the phrase 'but does not exceed 400 percent' in section 36B(c)(1). It modifies the sliding scale percentages for determining the applicable premium percentage based on household income tiers. The table outlines increasing premium percentages based on income tiers ranging from up to 150% of the poverty line to 400% and higher. It removes subparagraph (E) of paragraph (1) of section 36B(c), clause (iv) of subparagraph (C) of section 36B(c)(2), and subparagraph (F) of paragraph (4) of section 36B(c). These amendments apply to taxable years beginning after December 31, 2025.

What does SHORT TITLE. of Make Billionaires Pay Their Fair Share Act do?

This bill is formally titled the Medicare Dental, Hearing, and Vision Expansion Act of 2026.

What does COVERAGE OF DENTAL AND ORAL HEALTH CARE. of Make Billionaires Pay Their Fair Share Act do?

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What does PROVIDING COVERAGE FOR HEARING CARE UNDER THE MEDICARE of Make Billionaires Pay Their Fair Share Act do?

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Make Billionaires Pay Their Fair Share Act

Last updated: 3/2/2026 · Introduced: 3/2/2026

Author: Bernie Sanders (I-VT)

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119th Congressin committeeHR. 7767(In Committee)Official page

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