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117-hr-8558117th Congress

Billionaire Minimum Income Tax Act

Sponsored By: Representative Cohen, Steve [D-TN-9]

Unknown

Summary

Billionaire Minimum Income Tax Act This bill imposes a minimum tax on individual taxpayers whose net worth for the taxable year exceeds $100 million. The tax is equal to 20% of the sum of a taxpayer's taxable income, plus net unrealized gains for the taxable year. The tax may not exceed 40% of the amount by which the taxpayer's net worth exceeds $100 million.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Cohen, Steve [D-TN-9]

TN • D

Cosponsors

  • Rep. Beyer, Donald S. [D-VA-8]

    VA • D

    Sponsored 7/28/2022

  • Rep. Carson, André [D-IN-7]

    IN • D

    Sponsored 7/28/2022

  • Rep. DeLauro, Rosa L. [D-CT-3]

    CT • D

    Sponsored 7/28/2022

  • Rep. Evans, Dwight [D-PA-3]

    PA • D

    Sponsored 7/28/2022

  • Rep. Foster, Bill [D-IL-11]

    IL • D

    Sponsored 7/28/2022

  • Rep. García, Jesús G. "Chuy" [D-IL-4]

    IL • D

    Sponsored 7/28/2022

  • Rep. Grijalva, Raúl M. [D-AZ-7]

    AZ • D

    Sponsored 7/28/2022

  • Rep. Jones, Mondaire [D-NY-17]

    NY • D

    Sponsored 7/28/2022

  • Rep. Lee, Barbara [D-CA-12]

    CA • D

    Sponsored 7/28/2022

  • Rep. McCollum, Betty [D-MN-4]

    MN • D

    Sponsored 7/28/2022

  • Rep. Newman, Marie [D-IL-3]

    IL • D

    Sponsored 7/28/2022

  • Rep. DeFazio, Peter A. [D-OR-4]

    OR • D

    Sponsored 7/28/2022

  • Rep. Nadler, Jerrold [D-NY-12]

    NY • D

    Sponsored 7/28/2022

  • Rep. Schakowsky, Janice D. [D-IL-9]

    IL • D

    Sponsored 7/28/2022

  • Rep. Barragán, Nanette Diaz [D-CA-44]

    CA • D

    Sponsored 7/28/2022

  • Rep. Gomez, Jimmy [D-CA-34]

    CA • D

    Sponsored 7/28/2022

  • Del. Norton, Eleanor Holmes [D-DC-At Large]

    DC • D

    Sponsored 7/28/2022

  • Rep. Porter, Katie [D-CA-47]

    CA • D

    Sponsored 7/28/2022

  • Rep. Tlaib, Rashida [D-MI-12]

    MI • D

    Sponsored 7/28/2022

  • Rep. Watson Coleman, Bonnie [D-NJ-12]

    NJ • D

    Sponsored 7/28/2022

  • Sen. Welch, Peter [D-VT]

    VT • D

    Sponsored 7/28/2022

  • Rep. Garamendi, John [D-CA-8]

    CA • D

    Sponsored 7/28/2022

  • Rep. Davis, Danny K. [D-IL-7]

    IL • D

    Sponsored 7/28/2022

  • Rep. Yarmuth, John A. [D-KY-3]

    KY • D

    Sponsored 7/28/2022

  • Rep. McGovern, James P. [D-MA-2]

    MA • D

    Sponsored 7/28/2022

  • Rep. Clarke, Yvette D. [D-NY-9]

    NY • D

    Sponsored 7/28/2022

  • Rep. Boyle, Brendan F. [D-PA-2]

    PA • D

    Sponsored 7/28/2022

  • Del. Plaskett, Stacey E. [D-VI-At Large]

    VI • D

    Sponsored 7/28/2022

  • Rep. Takano, Mark [D-CA-39]

    CA • D

    Sponsored 7/28/2022

  • Rep. Moulton, Seth [D-MA-6]

    MA • D

    Sponsored 7/28/2022

  • Rep. Maloney, Carolyn B. [D-NY-12]

    NY • D

    Sponsored 7/28/2022

  • Rep. DeSaulnier, Mark [D-CA-10]

    CA • D

    Sponsored 7/28/2022

  • Sen. Schiff, Adam B. [D-CA]

    CA • D

    Sponsored 8/12/2022

  • Rep. Kelly, Robin L. [D-IL-2]

    IL • D

    Sponsored 8/30/2022

  • Rep. Scanlon, Mary Gay [D-PA-5]

    PA • D

    Sponsored 8/30/2022

  • Rep. Chu, Judy [D-CA-28]

    CA • D

    Sponsored 8/30/2022

  • Rep. Napolitano, Grace F. [D-CA-31]

    CA • D

    Sponsored 9/14/2022

  • Rep. Trahan, Lori [D-MA-3]

    MA • D

    Sponsored 9/14/2022

  • Rep. Omar, Ilhan [D-MN-5]

    MN • D

    Sponsored 9/14/2022

  • Rep. Pocan, Mark [D-WI-2]

    WI • D

    Sponsored 9/28/2022

  • Rep. Titus, Dina [D-NV-1]

    NV • D

    Sponsored 9/30/2022

  • Rep. Trone, David J. [D-MD-6]

    MD • D

    Sponsored 9/30/2022

  • Rep. Bush, Cori [D-MO-1]

    MO • D

    Sponsored 10/4/2022

  • Rep. Lieu, Ted [D-CA-36]

    CA • D

    Sponsored 10/7/2022

  • Rep. Ocasio-Cortez, Alexandria [D-NY-14]

    NY • D

    Sponsored 10/28/2022

  • Rep. Kirkpatrick, Ann [D-AZ-1]

    AZ • D

    Sponsored 10/28/2022

  • Rep. Jackson Lee, Sheila [D-TX-18]

    TX • D

    Sponsored 11/10/2022

  • Rep. Larson, John B. [D-CT-1]

    CT • D

    Sponsored 11/16/2022

  • Rep. Wild, Susan [D-PA-7]

    PA • D

    Sponsored 11/30/2022

  • Rep. Pascrell, Bill, Jr. [D-NJ-9]

    NJ • D

    Sponsored 12/1/2022

  • Rep. Carter, Troy A. [D-LA-2]

    LA • D

    Sponsored 12/13/2022

  • Rep. Williams, Nikema [D-GA-5]

    GA • D

    Sponsored 12/21/2022

  • Rep. Dean, Madeleine [D-PA-4]

    PA • D

    Sponsored 12/21/2022

  • Rep. Sánchez, Linda T. [D-CA-38]

    CA • D

    Sponsored 12/21/2022

  • Rep. Lowenthal, Alan S. [D-CA-47]

    CA • D

    Sponsored 12/21/2022

Roll Call Votes

No roll call votes available for this bill.

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