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Dossier Legislative introduced 17-sep-2025
Bill introduced in Congress — not yet passed by either chamber, and not law.

Billionaires Income Tax Act

Key claim: A Senate bill titled the Billionaires Income Tax Act has been introduced and sent to the Finance Committee, proposing a new federal tax aimed at billionaires.

Abstract

(S2845 · 119th Congress) Latest action (2025-09-17): Read twice and referred to the Committee on Finance.

Why this matters

Proposals to tax billionaires’ income (including, in prior versions, unrealized gains on tradable assets) represent a recurring direction in federal tax policy that would shift more of the federal burden onto the highest-wealth households. Tracking introduced bills — even those unlikely to advance — helps establish the baseline of what Senate tax writers are formally putting on the table. At the introduction stage, there is no binding effect on any taxpayer.

Source

Link

Briefing card

Billionaires Income Tax Act
Stage: introduced · congress · 17-sep-2025

If you are not a billionaire, this bill as introduced would not change your federal tax; it targets a narrow top-wealth group and has not been enacted.

A Senate bill titled the Billionaires Income Tax Act has been introduced and sent to the Finance Committee, proposing a new federal tax aimed at billionaires.

Cross-references (0)

None recorded — doctrine links and citations appear here as scans and citation sweeps find them.

External: congress:119-s-2845:introduced

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