# 119-hr-8316: Donald J. Trump Wealth Tax Act of 2026

119-hr-8316, Donald J. Trump Wealth Tax Act of 2026, is a 119th Congress bill sponsored by Rep. Vargas, Juan [D-CA-52] (D-CA); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-8316
- 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-8316
- Congress: 119
- Title: Donald J. Trump Wealth Tax Act of 2026
- Status: introduced
- Introduced: 2026-04-15
- Sponsor: Rep. Vargas, Juan [D-CA-52] (D-CA)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**One-time 14.25% wealth tax on net worth above $10 million.** This bill would impose a single levy equal to 14.25 percent on the portion of a taxpayer's net worth that exceeds $10,000,000, measured on the date of enactment.

## Provisions PRIA read

- One-time wealth tax on wealthy households: cost, high. If enacted, the bill would impose a one-time 14.25% tax on net worth above $10,000,000 measured on the date of enactment. Net worth would equal the fair market value of all assets on that date minus bona fide liabilities. For individuals, your principal home (IRC section 121) and related acquisitio…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-7973: Momnibus Act
- 119-hr-5658: Child Care for Every Community Act
- 119-hr-3971: Domestic Workers Bill of Rights Act
- 119-hr-3069: Medicare for All Act

## Sources
- [119-hr-8316 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/8316)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [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-5658: Child Care for Every Community Act](https://policyrisk.com/legislation/119-hr-5658)
- [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)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-8316 (as of 2026-09-21).