# 119-hr-7767: Make Billionaires Pay Their Fair Share Act

119-hr-7767, Make Billionaires Pay Their Fair Share Act, is a 119th Congress bill sponsored by Rep. Khanna, Ro [D-CA-17] (D-CA); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-7767
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7767
- Congress: 119
- Title: Make Billionaires Pay Their Fair Share Act
- Status: introduced
- Introduced: 2026-03-03
- Sponsor: Rep. Khanna, Ro [D-CA-17] (D-CA)
- Cosponsors: 7
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**This bill would impose an annual 5% wealth tax on individuals and trusts with $1 billion or more in net assets** and use that revenue to fund wide-ranging expansions in health, child care, housing, and education. It also would remake the Affordable Care Act premium tax credit, create a universal birth-to-five child care entitlement, and extend Medicare to cover dental, hearing, and vision services.

## Cosponsors (7)

- Rep. Ansari, Yassamin [D-AZ-3] (D-AZ), 2026-03-25T00:00:00.000Z
- Rep. Stansbury, Melanie A. [D-NM-1] (D-NM), 2026-03-25T00:00:00.000Z
- Rep. Grijalva, Adelita S. [D-AZ-7] (D-AZ), 2026-03-25T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2026-03-25T00:00:00.000Z
- Rep. Kelly, Robin L. [D-IL-2] (D-IL), 2026-03-25T00:00:00.000Z
- Rep. Green, Al [D-TX-9] (D-TX), 2026-04-27T00:00:00.000Z
- Rep. Carson, André [D-IN-7] (D-IN), 2026-06-24T00:00:00.000Z

## Provisions PRIA read

- Expanded Medicare vision, dental, hearing: benefit, high. If enacted, Medicare Part B would add routine vision exams and one pair of conventional eyeglasses every two years starting Jan 1, 2028, cover dental and oral health services (most dental services starting Jan 1, 2028; dentures Jan 1, 2027), and add audiology and hearing-aid exam services starting…
- More federal support for home care: benefit, high. If enacted, States that meet new HCBS improvement requirements would get an 8 percentage-point increase in the Medicaid FMAP for home and community-based services, subject to a 95% cap. States that launch qualifying self-directed programs would get an extra 2 percentage points for the program's fir…
- New birth-to-five child care help: benefit, high. If enacted, starting Oct 1, 2026 the bill would create a Birth‑Through‑Five child care entitlement. Eligible children under age 6 with family income at or below 250% of the State median and meeting other criteria could get help for high-quality child care. For States with approved plans the federal…
- Teacher pay grants and minimums: benefit, high. If enacted, the bill would fund a Teacher Salary Grant Program with $14.5 billion for FY2027 and annual increases thereafter. States that receive funds must meet plan and reporting rules and ensure career-based salary increases. For 2027–2031 the minimum entry-year base salary for first‑year teache…
- One-time 2026 affordability rebate: benefit, high. If enacted, taxpayers would get a one-time 2026 affordability rebate: $3,000 for single filers or $6,000 for joint filers plus $3,000 per dependent. The rebate would be paid under the specified statutory framework for 2026.
- Big Housing Trust Fund boost: benefit, high. If enacted, the bill would authorize $85.647 billion per year for the Housing Trust Fund for each fiscal year 2026 through 2035. The money would support housing programs for low‑income households and renters.
- Sliding scale for health premium help: benefit, medium. If enacted, the bill would remove the 400% income cutoff for the premium tax credit and replace it with a sliding schedule of required premium shares by income as a percent of poverty. The schedule phases from 0% at very low incomes up to 8.5% at and above 400% of poverty, with linear interpolation…
- New annual wealth tax rules: cost, high. If enacted, the bill would impose an annual 5% wealth tax on net assets above $1,000,000,000 measured at year-end. Net assets would be year-end asset value minus year-end debts, with Treasury rules for valuing hard-to-value items and a one-year valuation election limited to nonconsecutive use. The…

## Related bills

- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-7973: Momnibus Act
- 119-hr-3971: Domestic Workers Bill of Rights Act
- 119-hr-3069: Medicare for All Act
- 119-hr-7853: PrEP Access and Coverage Act of 2026

## Sources
- [119-hr-7767 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7767)

## Related
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-3971: Domestic Workers Bill of Rights Act](https://policyrisk.com/legislation/119-hr-3971)
- [119-hr-3069: Medicare for All Act](https://policyrisk.com/legislation/119-hr-3069)
- [119-hr-7853: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-hr-7853)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7767 (as of 2026-09-21).