# 119-hres-1468: Encouraging Congress to pursue reforms to ensure that all United States citizens contribute to funding the operations of the Federal Government in proportion to the economic gains they realize.

119-hres-1468, Encouraging Congress to pursue reforms to ensure that all United States citizens contribute to funding the operations of the Federal Government in proportion to the economic gains they realize., is a 119th Congress bill sponsored by Rep. Smith, Adam [D-WA-9] (D-WA); status introduced (as of 2026-08-07).

- Canonical: https://policyrisk.com/legislation/119-hres-1468
- As of: 2026-08-07
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hres-1468
- Congress: 119
- Title: Encouraging Congress to pursue reforms to ensure that all United States citizens contribute to funding the operations of the Federal Government in proportion to the economic gains they realize.
- Status: introduced
- Introduced: 2026-07-30
- Sponsor: Rep. Smith, Adam [D-WA-9] (D-WA)
- Cosponsors: 0
- Policy area: Congress
- Touches household money: no
- Last recorded action: 2026-08-07

## Summary

**Equal tax treatment for all economic gains** is the central goal of this resolution. It would declare that income from wages, capital appreciation, inheritance, charitable vehicles, and emerging assets should face consistent taxation and verification and would urge Congress to pursue reforms to achieve that fairness. - Workers and households: The resolution highlights heavy reliance on wage taxes, noting individual income taxes make up about 49 percent of Federal revenue and payroll taxes about 35 percent. It calls attention to how that reliance can produce different tax outcomes for people with similar economic gains. - High-net-worth investors and estates: The resolution points out extreme wealth concentration, with the top 1 percent holding about $55 trillion in net worth, and it flags tactics that keep capital gains and inherited wealth outside ordinary income tax rules. - Charitable giving and emerging assets: It notes that private foundations and donor-advised funds can give immediate tax relief without timely public distribution and that digital assets and cryptocurrencies expand wealth outside conventional reporting. - Congress and oversight: The resolution would direct the House Committee on Ways and Means to hold hearings examining disparate tax treatment between wages and capital-derived wealth.

## Related bills

- 119-hr-8800: National Defense Authorization Act for Fiscal Year 2027
- 119-hr-3838: Streamlining Procurement for Effective Execution and Delivery and National Defense Authorization Act for Fiscal Year 2026
- 119-hr-4669: FEMA Act of 2025
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-7481: Department of Homeland Security Appropriations Act, 2026
- 119-hr-7973: Momnibus Act

## Sources
- [119-hres-1468 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-resolution/1468)

## Related
- [119-hr-8800: National Defense Authorization Act for Fiscal Year 2027](https://policyrisk.com/legislation/119-hr-8800)
- [119-hr-3838: Streamlining Procurement for Effective Execution and Delivery and National Defe…](https://policyrisk.com/legislation/119-hr-3838)
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-7481: Department of Homeland Security Appropriations Act, 2026](https://policyrisk.com/legislation/119-hr-7481)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hres-1468 (as of 2026-08-07).