Make Billionaires Pay Their Fair Share Act
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, Make Billionaires Pay Their Fair Share Act, changes federal law or congressional policy affecting health care providers and patients. The main policy domain is Healthcare, Education, Finance.
Who Benefits and How
health care providers and patients may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, health care providers and patients may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H4EAE476BC60E4022BDD0C5BB7B57FE74: 1. Short title, etc This Act may be cited as the Make Billionaires Pay Their Fair Share Act. The table of contents of this Act is as follows:
- Section H12D660A0B44948928EEDAAED0BAC6D72: 101. Imposition of tax on net value of assets The Internal Revenue Code of 1986 is amended by inserting after subtitle B the following new subtitle: B–1 Wealth...
- Section H84740D5D8FB8490C9FA6A6CE0C0D5A65: 2901. Imposition of tax In the case of an applicable taxpayer, there is hereby imposed a tax computed equal to 5 percent of the net value of assets held by the...
- Section H671A29383DFE4CFAAB3DF396413E8FE5: 2902. Net value of assets The net value of assets held by an applicable taxpayer for any calendar year shall be the excess of— the value of all property of the...
- Section H69719F8F8FC044A4A194E6E933553F69: 2903. Special rules In the case of any individual who dies during a calendar year— section 2901 shall be applied as if the calendar year ended on the day of...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, Make Billionaires Pay Their Fair Share Act, changes federal law or congressional policy affecting health care providers and patients.
Key Policy Areas
Healthcare, Education, Finance
Primary Purpose
This bill, Make Billionaires Pay Their Fair Share Act, changes federal law or congressional policy affecting health care providers and patients.
Policy Domains
Whole bill
Identified Gains
- health care providers and patients
Identified Costs
- federal implementing agencies
- health care providers and patients
Sponsors
Legislative Progress
In CommitteeReferred to the Committee on Ways and Means, and in …
Introduced in House
Mr. Khanna introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_treasury"
- → Secretary of the Treasury
- "secretary_of_education"
- → Secretary of Education
- "secretary_of_health_and_human_services"
- → Secretary of Health and Human Services
Key Definitions
Terms defined in this bill
the item and related services including selection, fitting, adjustment, and patient education and training. The term qualified hearing aid supplier means— a qualified audiologist
a nonprofit organization or nonprofit cooperative— that may be a component of a child care resource and referral organization
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology