# 117-hr-8558: Billionaire Minimum Income Tax Act

117-hr-8558, Billionaire Minimum Income Tax Act, is a 117th Congress bill sponsored by Rep. Cohen, Steve [D-TN-9] (D-TN); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-8558
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-8558
- Congress: 117
- Title: Billionaire Minimum Income Tax Act
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2022-07-28
- Sponsor: Rep. Cohen, Steve [D-TN-9] (D-TN)
- Cosponsors: 55
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## 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.

## Cosponsors (55)

- Rep. Beyer, Donald S. [D-VA-8] (D-VA), 2022-07-28T00:00:00.000Z
- Rep. Carson, André [D-IN-7] (D-IN), 2022-07-28T00:00:00.000Z
- Rep. DeLauro, Rosa L. [D-CT-3] (D-CT), 2022-07-28T00:00:00.000Z
- Rep. Evans, Dwight [D-PA-3] (D-PA), 2022-07-28T00:00:00.000Z
- Rep. Foster, Bill [D-IL-11] (D-IL), 2022-07-28T00:00:00.000Z
- Rep. García, Jesús G. "Chuy" [D-IL-4] (D-IL), 2022-07-28T00:00:00.000Z
- Rep. Grijalva, Raúl M. [D-AZ-7] (D-AZ), 2022-07-28T00:00:00.000Z
- Rep. Jones, Mondaire [D-NY-17] (D-NY), 2022-07-28T00:00:00.000Z
- Rep. Lee, Barbara [D-CA-12] (D-CA), 2022-07-28T00:00:00.000Z
- Rep. McCollum, Betty [D-MN-4] (D-MN), 2022-07-28T00:00:00.000Z
- Rep. Newman, Marie [D-IL-3] (D-IL), 2022-07-28T00:00:00.000Z
- Rep. DeFazio, Peter A. [D-OR-4] (D-OR), 2022-07-28T00:00:00.000Z
- Rep. Nadler, Jerrold [D-NY-12] (D-NY), 2022-07-28T00:00:00.000Z
- Rep. Schakowsky, Janice D. [D-IL-9] (D-IL), 2022-07-28T00:00:00.000Z
- Rep. Barragán, Nanette Diaz [D-CA-44] (D-CA), 2022-07-28T00:00:00.000Z
- Rep. Gomez, Jimmy [D-CA-34] (D-CA), 2022-07-28T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2022-07-28T00:00:00.000Z
- Rep. Porter, Katie [D-CA-47] (D-CA), 2022-07-28T00:00:00.000Z
- Rep. Tlaib, Rashida [D-MI-12] (D-MI), 2022-07-28T00:00:00.000Z
- Rep. Watson Coleman, Bonnie [D-NJ-12] (D-NJ), 2022-07-28T00:00:00.000Z
- Sen. Welch, Peter [D-VT] (D-VT), 2022-07-28T00:00:00.000Z
- Rep. Garamendi, John [D-CA-8] (D-CA), 2022-07-28T00:00:00.000Z
- Rep. Davis, Danny K. [D-IL-7] (D-IL), 2022-07-28T00:00:00.000Z
- Rep. Yarmuth, John A. [D-KY-3] (D-KY), 2022-07-28T00:00:00.000Z
- Rep. McGovern, James P. [D-MA-2] (D-MA), 2022-07-28T00:00:00.000Z
- Rep. Clarke, Yvette D. [D-NY-9] (D-NY), 2022-07-28T00:00:00.000Z
- Rep. Boyle, Brendan F. [D-PA-2] (D-PA), 2022-07-28T00:00:00.000Z
- Del. Plaskett, Stacey E. [D-VI-At Large] (D-VI), 2022-07-28T00:00:00.000Z
- Rep. Takano, Mark [D-CA-39] (D-CA), 2022-07-28T00:00:00.000Z
- Rep. Moulton, Seth [D-MA-6] (D-MA), 2022-07-28T00:00:00.000Z
- Rep. Maloney, Carolyn B. [D-NY-12] (D-NY), 2022-07-28T00:00:00.000Z
- Rep. DeSaulnier, Mark [D-CA-10] (D-CA), 2022-07-28T00:00:00.000Z
- Sen. Schiff, Adam B. [D-CA] (D-CA), 2022-08-12T00:00:00.000Z
- Rep. Kelly, Robin L. [D-IL-2] (D-IL), 2022-08-30T00:00:00.000Z
- Rep. Scanlon, Mary Gay [D-PA-5] (D-PA), 2022-08-30T00:00:00.000Z
- Rep. Chu, Judy [D-CA-28] (D-CA), 2022-08-30T00:00:00.000Z
- Rep. Napolitano, Grace F. [D-CA-31] (D-CA), 2022-09-14T00:00:00.000Z
- Rep. Trahan, Lori [D-MA-3] (D-MA), 2022-09-14T00:00:00.000Z
- Rep. Omar, Ilhan [D-MN-5] (D-MN), 2022-09-14T00:00:00.000Z
- Rep. Pocan, Mark [D-WI-2] (D-WI), 2022-09-28T00:00:00.000Z
- Rep. Titus, Dina [D-NV-1] (D-NV), 2022-09-30T00:00:00.000Z
- Rep. Trone, David J. [D-MD-6] (D-MD), 2022-09-30T00:00:00.000Z
- Rep. Bush, Cori [D-MO-1] (D-MO), 2022-10-04T00:00:00.000Z
- Rep. Lieu, Ted [D-CA-36] (D-CA), 2022-10-07T00:00:00.000Z
- Rep. Ocasio-Cortez, Alexandria [D-NY-14] (D-NY), 2022-10-28T00:00:00.000Z
- Rep. Kirkpatrick, Ann [D-AZ-1] (D-AZ), 2022-10-28T00:00:00.000Z
- Rep. Jackson Lee, Sheila [D-TX-18] (D-TX), 2022-11-10T00:00:00.000Z
- Rep. Larson, John B. [D-CT-1] (D-CT), 2022-11-16T00:00:00.000Z
- Rep. Wild, Susan [D-PA-7] (D-PA), 2022-11-30T00:00:00.000Z
- Rep. Pascrell, Bill, Jr. [D-NJ-9] (D-NJ), 2022-12-01T00:00:00.000Z
- Rep. Carter, Troy A. [D-LA-2] (D-LA), 2022-12-13T00:00:00.000Z
- Rep. Williams, Nikema [D-GA-5] (D-GA), 2022-12-21T00:00:00.000Z
- Rep. Dean, Madeleine [D-PA-4] (D-PA), 2022-12-21T00:00:00.000Z
- Rep. Sánchez, Linda T. [D-CA-38] (D-CA), 2022-12-21T00:00:00.000Z
- Rep. Lowenthal, Alan S. [D-CA-47] (D-CA), 2022-12-21T00:00:00.000Z

## Related bills

- 117-hr-1842: Harriet Tubman Bicentennial Commemorative Coin Act
- 117-hr-6015: Benjamin Berell Ferencz Congressional Gold Medal Act
- 117-hr-5723: Social Security 2100: A Sacred Trust
- 117-hr-5577: To designate the facility of the United States Postal Service located at 3900 Crown Road Southwest in Atlanta, Georgia, as the "John R. Lewis Post Office Build…
- 117-hr-4: John R. Lewis Voting Rights Advancement Act of 2021
- 117-hr-4104: Vanessa Guillén Military Justice Improvement and Increasing Prevention Act

## Sources
- [117-hr-8558 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/8558)

## Related
- [117-hr-1842: Harriet Tubman Bicentennial Commemorative Coin Act](https://policyrisk.com/legislation/117-hr-1842)
- [117-hr-6015: Benjamin Berell Ferencz Congressional Gold Medal Act](https://policyrisk.com/legislation/117-hr-6015)
- [117-hr-5723: Social Security 2100: A Sacred Trust](https://policyrisk.com/legislation/117-hr-5723)
- [117-hr-5577: To designate the facility of the United States Postal Service located at 3900 C…](https://policyrisk.com/legislation/117-hr-5577)
- [117-hr-4: John R. Lewis Voting Rights Advancement Act of 2021](https://policyrisk.com/legislation/117-hr-4)
- [117-hr-4104: Vanessa Guillén Military Justice Improvement and Increasing Prevention Act](https://policyrisk.com/legislation/117-hr-4104)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-8558 (as of 2025-11-18).