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Billionaire Minimum Income Tax Act
Legislative Progress
Momentum (last 30 days)
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0 actions · 0 new cosponsors · 0 votes
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vs 9,698 other HR bills in the 117th — cohort avg 63d
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.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (9)
Referred to the House Committee on Ways and Means.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
2026 · second_quarter · Education
HR 8558, to amend the Research and Development, Competition, and Innovation Act to require each institution of higher education to certify as part of an application for a research and development award that such institution does not operate certain branch campuses, and for other purposes. HR 8559, to amend the National Defense Authorization Act for Fiscal Year 2021 to prohibit certain institutions of higher education from receiving research and development awards, and for other purposes. HR 8659/S 4568, Nursing is a Professional Degree Act Support National Institutes of Health Cap on Facilities & Administrative (F&A) Costs Support for the Professional Student Degree Act and the Loan Equity for Advanced Professionals Act
Client expense: $180,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES
2022 · fourth_quarter · Financial Institutions/Investments/Securities
H.R.8558, Billionaire Minimum Income Tax Act, Entirety Monitor H.R.7502, Babies Over Billionaires Act, Entirety
Client expense: $380,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES
2022 · fourth_quarter · Taxation/Internal Revenue Code
Public Law 117-328, Consolidated Appropriations Act, FY2023, Child Tax Credit; SALT issues H.R.8558, Billionaire Minimum Income Tax Act, Entirety H.R.6847, Supporting Americans with Lower Taxes Act "SALT Act", Entirety S.1157, Tax Fairness for Workers Act, Entirety Public Law 117-169, Inflation Reduction Act, SALT related issues S.4192, No Tax for Union Busting (NTBUB) Act, Entirety Monitor the following: H.R.7502, Babies Over Billionaires Act, Entirety Teacher Tax Deductions Public Law 117-169, Inflation Reduction Act, IRS Enforcement; Stock Buybacks; Corporate Profits Minimum Tax (CPMT); Child Care Tax Credits; Carried Interest; Stepped up basis; International tax reform provisions; Corporate rate; Capital gains; and Clean Energy tax credits/Direct Pay Public Law 117-2, American Rescue Plan Act of 2021, Child Tax credit Capital gains tax related issues
Client expense: $380,000 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Taxation/Internal Revenue Code
H.R.7502 - Babies over Billionaires Act of 2022 - in support H.R.8558 - Billionaire Minimum Income Tax Act -- in support
Client expense: Not reported · Firm income: $10,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Taxation/Internal Revenue Code
- P.L 117-328, Consolidated Appropriations Act for FY2023; expanded child tax credit; research & experimentation expensing; bonus depreciation; net interest deduction tax break; SECURE 2.0 preferential tax treatment for retirement savings - HR 8558, Implementing a minimum income tax on all sources of income on households more than $100 million
Client expense: $920,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Taxation/Internal Revenue Code
HR 1785, S 714- International tax incentives for outsourcing and rates, No Tax Breaks for Outsourcing Act HR 2576, S 994- Estate Taxes, For the 99.5% Act S 510, HR 1459- Ultra-millionaire Tax Act of 2021 HR 3805, S 2028- Millionaires Surtax Act HR 2617, HR 1068, S 1598- Carried interest tax loophole HR 7502- Babies Over Billionaires Act HR 8558- Billionaire Minimum Income Tax Individual taxes- Surtax, increase rates on high income, raise top rate to 39.6%, close loopholes, Mark to Market Corporate tax- higher rates, close loopholes, raise revenue S 2680, HR 4940- Corporate tax- Minimum rate (e.g. 15%), Real Corporate Profits Tax Act of 2021 HR 6847- Individualized itemized tax deduction for SALT, Supporting Americans with Lower Taxes Act (SALT Act) Earned Income Tax Credit (EITC), Child Tax Credit (CTC) HR 2549, S 1157- Tax Fairness for Workers Act, Individual tax deduction for union dues S 4192, HR 8448- No Tax Breaks for Union Busting Act General Business Tax Credits refundability Tax Extenders General, R & D Tax Credit, Refundable NOL Carryover Opportunity Zone Reform Act S 4508, HR 8368- Simplifying Federal Tax Filing Procedures, Tax Filing Simplification Act
Client expense: $540,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 8558, Billionaire Minimum Income Tax Act; Oppose Limitless Inequality Growth And Restore Civil Harmony (OLIGARCH) Act proposal; Reintroduction of Ultra-Millionaire Tax Act; Reintroduction of For the 99.5 Percent Act; Opposition to S. 4808, Enhancing American Retirement Now (EARN) Act; Opposition to H.R. 2954, Securing a Strong Retirement Act of 2021; Opposition to corporate tax extenders; H.R. 5376, Inflation Reduction Act of 2022.
Client expense: $50,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Taxation/Internal Revenue Code
1. Proposals regarding the deduction of medical expenses under the tax code 2. IRS enforcement and resources for enforcement of the Internal Revenue Code 3. S. 994, A bill to amend the Internal Revenue Code of 1986 to reinstate estate and generation-skipping taxes, and for other purposes, entire bill 4. H.R. 2576, A bill to amend the Internal Revenue Code of 1986 to reinstate estate and generation-skipping taxes, and for other purposes, entire bill 5. Administration prosposals for tax code amendments regarding personal income taxation rates 6. Proposals for electric vehicle tax credits 7. H.R. 7502, Babies Over Billionaires Act, entire bill 8. H.R. 8558, Billionaire Minimum Income Tax Act, entire bill 9. S.1157, Tax Fairness for Workers Act, entire bill
Client expense: $70,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Taxation/Internal Revenue Code
- P.L 117-169, Inflation Reduction Act; General tax reform, millionaire's surtax, billionaires income tax; corporate tax reform; tax avoidance and enforcement; stock buyback tax; carried interest loophole - P.L 117-167, CHIPS and Science Act; Child tax credit, research and experimentation expensing - HR8558, Billionaires Minimum Income Tax Act; Implementing a minimum income tax on all sources of income on households with more than $100 million
Client expense: $410,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Taxation/Internal Revenue Code
H.R.7502, Babies Over Billionaires Act, Entirety H.R.8558, Billionaire Minimum Income Tax Act, Entirety H.R.6847, Supporting Americans with Lower Taxes Act "SALT Act", Entirety S.1157, Tax Fairness for Workers Act, Entirety Public Law 117-169, Inflation Reduction Act, SALT related issues Monitor the following: Teacher Tax Deductions Public Law 117-169, Inflation Reduction Act, IRS Enforcement; Stock Buybacks; Corporate Profits Minimum Tax (CPMT); Child Care Tax Credits; Carried Interest; Stepped up basis; International tax reform provisions; Corporate rate; Capital gains; and Clean Energy tax credits/Direct Pay Public Law 117-2, American Rescue Plan Act of 2021, Child Tax credit Capital gains tax related issues Untaxed gains/millionaires income tax proposals, including Biden FY2022 Budget
Client expense: $370,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Financial Institutions/Investments/Securities
H.R.7502, Babies Over Billionaires Act, Entirety H.R.8558, Billionaire Minimum Income Tax Act, Entirety
Client expense: $370,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES
-H.R.5376 Inflation Reduction Act of 2022 -S. 1157 Tax Fairness for Workers Act -H.R.2549 - Tax Fairness for Workers Act -H.R. 8558 - "Billionaire Minimum Income Tax"
Client expense: $520,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Taxation/Internal Revenue Code
1. Proposals regarding the deduction of medical expenses under the tax code 2. IRS enforcement and resources for enforcement of the Internal Revenue Code 3. S. 994, A bill to amend the Internal Revenue Code of 1986 to reinstate estate and generation-skipping taxes, and for other purposes, entire bill 4. H.R. 2576, A bill to amend the Internal Revenue Code of 1986 to reinstate estate and generation-skipping taxes, and for other purposes, entire bill 5. Administration prosposals for tax code amendments regarding personal income taxation rates 6. Proposals for electric vehicle tax credits 7. H.R. 7502, Babies Over Billionaires Act, entire bill 8. H.R. 8558, Billionaire Minimum Income Tax Act, entire bill
Client expense: $70,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Taxation/Internal Revenue Code
Billionaires Surtax- various proposals Individual taxes- Surtax, increase rates on high income, return top rate to 39.6%, close loopholes, Mark to Market Corporate tax rates, close loopholes Supporting Americans with Lower Taxes (SALT) Act Earned income tax credits, child tax credits HR 2549, S 1157- Tax Fairness for Workers Act, Individual tax deduction for union dues S 4192, HR 8448- No Tax Breaks for Union Busting Act HR 2337- Public Servants Protection and Fairness Act of 2021 Tax Filing Simplification Act HR 5376, HR 1785, S 714- International tax incentives for outsourcing and rates, No Tax Breaks for Outsourcing Act HR 5376, HR 2576, S 994- Estate Taxes, For the 99.5% Act HR 5376, S 510, HR 1459- Ultra-Millionaire Tax Act of 2021 HR 3805, S 2028- Millionaires Surtax Act HR 5376, S 2617, HR 1068, S 1598- Carried interest tax loophole HR 7502- Babies Over Billionaires Act HR 8558- Billionaire Minimum Income Tax Deemed realization (1 time) at death/transfer for large assets (e.g. >$1 B) HR 2286- Deemed Realization of capital gains HR 5376, HR 1116, HR 1200, S 1857, S 1788- Increase funds for IRS tax enforcement and services, IRS Enhancement and Tax Gap Reduction Act of 2021, Stop CHEATERS Act, Restoring the IRS Act S 1652- Paying a Fair Share Act Close NIIT and SECA tax loopholes- use revenue for Medicare HR 5376, S 2680, HR 4940- Corporate tax: minimum rate (e.g. 15%), Real Corporate Profits Tax Act of 2021 General Business Tax Credits refundability Tax extenders General, R&D Tax Credit, Refundable NOL Carryover Opportunity Zone Reform Act
Client expense: $470,000 · Firm income: Not reported
2022 · third_quarter · Taxation/Internal Revenue Code
H.R. 8558: Billionaire Minimum Income Tax Act; S. 4508: Tax Filing Simplification Act of 2022
Client expense: $10,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Taxation/Internal Revenue Code
H.R.7502 - Babies over Billionaires Act of 2022 - in support. H.R.8558 - Billionaire Minimum Income Tax Act -- in support.
Client expense: Not reported · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Taxation/Internal Revenue Code
H.R. 8558, Billionaire Minimum Income Tax Act; Oppose Limitless Inequality Growth And Restore Civil Harmony (OLIGARCH) Act proposal; IRS enforcement.
Client expense: $50,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
| Democratic |
| IN |
| Ann Kirkpatrick | Democratic | AZ |
| Barbara Lee | Democratic | CA |
| Betty McCollum | Democratic | MN |
| Bill Foster | Democratic | IL |
| Bill Pascrell, Jr. | Democratic | NJ |
| Bonnie Watson Coleman | Democratic | NJ |
| Brendan F. Boyle | Democratic | PA |
| Carolyn B. Maloney | Democratic | NY |
| Cori Bush | Democratic | MO |
| Danny K. Davis | Democratic | IL |
| David J. Trone | Democratic | MD |
| Dina Titus | Democratic | NV |
| Donald S. Beyer, Jr. | Democratic | VA |
| Dwight Evans | Democratic | PA |
| Eleanor Holmes Norton | Democratic | DC |
| Grace F. Napolitano | Democratic | CA |
| Ilhan Omar | Democratic | MN |
| James P. McGovern | Democratic | MA |
| Janice D. Schakowsky | Democratic | IL |
| Jerrold Nadler | Democratic | NY |
| Jesús G. "Chuy" García | Democratic | IL |
| Jimmy Gomez | Democratic | CA |
| John A. Yarmuth | Democratic | KY |
| John B. Larson | Democratic | CT |
| John Garamendi | Democratic | CA |
| Judy Chu | Democratic | CA |
| Katie Porter | Democratic | CA |
| Linda T. Sánchez | Democratic | CA |
| Lori Trahan | Democratic | MA |
| Madeleine Dean | Democratic | PA |
| Marie Newman | Democratic | IL |
| Mark DeSaulnier | Democratic | CA |
| Mark Pocan | Democratic | WI |
| Mark Takano | Democratic | CA |
| Mary Gay Scanlon | Democratic | PA |
| Mondaire Jones | Democratic | NY |
| Nanette Diaz Barragán | Democratic | CA |
| Nikema Williams | Democratic | GA |
| Peter A. DeFazio | Democratic | OR |
| Peter Welch | Democratic | VT |
| Rashida Tlaib | Democratic | MI |
| Raúl M. Grijalva | Democratic | AZ |
| Robin L. Kelly | Democratic | IL |
| Rosa L. DeLauro | Democratic | CT |
| Seth Moulton | Democratic | MA |
| Sheila Jackson Lee | Democratic | TX |
| Stacey E. Plaskett | Democratic | VI |
| Susan Wild | Democratic | PA |
| Ted Lieu | Democratic | CA |
| Troy A. Carter | Democratic | LA |
| Yvette D. Clarke | Democratic | NY |
Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office