HR 8316 · 119th CongressIn Committeecongress.gov ↗

Donald J. Trump Wealth Tax Act of 2026

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Road to The Floor

How it works

Introduced

In Committee

On The Floor

Passed a Chamber

Passed Congress

To President

Became Law

What this bill does

AI plain-language summary

This bill would create a one-time tax on individuals and trusts whose net worth exceeds $10,000,000, with the tax applying only to the amount above that threshold. No official summary is available for this bill.

Sponsor

Rep. Vargas, Juan [D-CA-52]

D

Introduced

April 15, 2026

Policy Area

Taxation

Your Vote

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