A bill from an independent · See the cosponsor
Last activity — Read twice and referred to the Committee on Finance.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill, titled the "Make Billionaires Pay Their Fair Share Act," seeks to amend the Internal Revenue Code to impose a 5 percent annual tax on the net value of assets held by individuals or trusts exceeding $1,000,000,000. The legislation establishes several major federal programs focused on education and healthcare, such as expanding Medicare to include dental, hearing, and vision services. It also creates a national entitlement program for high-quality child care for children from birth through age five. Furthermore, the bill aims to ensure public school teachers receive a minimum annual base salary of $60,000 with inflation adjustments. Finally, it addresses housing and community services by increasing funding for the Housing Trust Fund and improving home and community-based services through Medicaid support.
Yes· 3 of 23
- Scored +9
Does this put more money into public schools?
Provides massive appropriations to increase teacher salaries and improve public education investment.
- Scored +8
Does this expand the rights of people with disabilities?
The bill greatly enhances support for home and community-based services for Medicaid-eligible individuals with disabilities.
- Scored +8
Does this make child care cost less?
Significantly increases funding for childcare supply, quality, and accessibility for underserved populations.
The opposite· 3 of 5
- Scored -8
Would high-income households be better off under this?
The bill imposes a significant 5 percent annual wealth tax on assets exceeding $1 billion.
- Scored -8
Would people with substantial wealth be better off under this?
The new wealth tax specifically targets those with assets exceeding $1 billion.
- Scored -8
Would the very wealthiest people be better off under this?
The wealth tax imposes a heavy annual burden on ultra-high net worth individuals.
Who it would affect, and how
Potential Positive Impacts for People
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Tax Relief through Rebates: The bill implements "affordability rebates" which provide $3,000 for individuals or $6,000 for joint returns, plus $3,000 for each dependent (Section 201).
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Improved Health Coverage: Medicare enrollees would gain coverage for dental and oral health services, such as cleanings and fillings (Section 402).
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Expanded Hearing Care: The bill provides coverage for hearing aids and examination services for individuals with moderately severe, severe, or profound hearing loss (Section 403).
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Increased Vision Care Access: Medicare would cover routine eye examinations and one pair of conventional eyeglasses or contact lenses every two years (Section 404).
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Affordable Child Care: A new entitlement program would provide high-quality child care services for eligible children under age six (Section 601).
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Support for Working Families: The child care program includes a sliding fee scale for copayments to help families access services (Section 601).
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Housing Support: The bill authorizes appropriations for the Housing Trust Fund (Section 501).
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Teacher Salary Increases: The bill seeks to ensure public school teachers earn a livable and competitive salary with a starting base of at least $60,000 (Section 701).
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Inflation Protection for Teachers: For fiscal years 2032 and after, the minimum salary for teachers will be adjusted for inflation to maintain purchasing power (Section 702).
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Support for Local Educators: States receiving funds must ensure teacher salaries increase throughout their careers and are commensurate with other college-s educated professionals in their region (Section 703).
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Improved Home and Community-Based Services: The bill provides funding for states to develop improvement plans to address access barriers and enhance the availability of these services (Section 801).
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Increased Medicaid Support: States that meet specific requirements can receive an increased Federal medical assistance percentage for home and community-based services (Section 802).
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Caregiver and Workforce Support: The legislation includes provisions to strengthen the direct care workforce through better payment rates and training opportunities (Section 802).
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Financial Protections for Families: The bill permanently extends Medicaid protections against spousal impoverishment for recipients of home and community-based services (Section 805).
Potential Negative Impacts for People
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New Tax Burden on High-Net-Worth Individuals: Applicable taxpayers with net assets exceeding $1,000,000,000 will be subject to a 5 percent annual tax on the net value of those assets (Section 101).
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Increased Tax Rate for Expatriates: Covered expatriates may face a tax rate of 60 percent for the calendar year in which they expatriate (Section 2903).
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Medicare Premium Adjustments: The bill includes a phase-in process that adjusts monthly actuarial rates for Medicare Part B premiums to account for new dental coverage (Section 405).
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Limitations on Medical Services: Dental coverage is subject to frequency limits, such as no more than two oral exams or two cleanings per year (Section 402(c)(3)).
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Vision Care Limits: Coverage for vision services is limited to one routine eye examination every two-year period (Section 404(c)(2)).
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State Funding Requirements: To receive allotments, states must increase their per-pupil expenditures or aggregate expenditures for public education (Section 703).
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Restrictions on Educational Changes: States are prohibited from using increased education funding to increase average class sizes, reduce planning time, or require teachers to teach additional classes (Section 703).
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Medicaid Maintenance of Effort: States participating in the HCBS improvement program are prohibited from reducing the amount, duration, or scope of existing services or reducing payment rates (Section 802).
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Strict Compliance for Medicaid Funds: States must ensure they do not use new Federal funds to supplant their existing levels of state funding for home and community-based services (Section 802).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Healthcare
- Does this make health care easier to get in general? — Expansion of Medicare and improved Medicaid funding enhances access to essential healthcare services. Does this put more money into Medicaid, the health coverage for people on low incomes? — Provides significant funding increases for Home and Community-Based Services (HCBS) within Medicaid. Does this put more money into Medicare, the health coverage for people over 65? — Medicare is expanded to include dental, hearing, and vision services. Does this strengthen the Affordable Care Act? — The bill increases eligibility for the premium tax credit. Does this make mental health care easier to get? — Supports mental health services for childcare providers to assist with behavioral interventions.
- Social Issues And Justice
- Does this make child care cost less? — Significantly increases funding for childcare supply, quality, and accessibility for underserved populations. Does this expand the rights of people with disabilities? — The bill greatly enhances support for home and community-based services for Medicaid-eligible individuals with disabilities. Does this make housing cost less? — The bill authorizes significant appropriations for the Housing Trust Fund. Is this likely to lift people out of poverty? — Affordability rebates and expanded health/childcare services provide support to low-income families.
- Demographic And Interest Groups
- Would children be better off under this? — Significant investments in childcare and early learning programs directly benefit young children. Would households on low incomes be better off under this? — Provides essential childcare and healthcare services that target low-income and underserved populations. Would retired people be better off under this? — Increased Medicaid support and Medicare expansion are highly beneficial for retirees. Would people over 65 be better off under this? — Improved Medicaid funding for community-based services and Medicare expansion benefits the aging population. Would students be better off under this? — Improved teacher salaries and childcare quality create a more stable environment for students. Would women be better off under this? — Expanded childcare often disproportionately benefits women's workforce participation. Would middle-income households be better off under this? — The bill provides affordability rebates and improved public infrastructure which benefits middle-class families. Would people in rural areas be better off under this? — The bill includes incentives for healthcare providers in rural areas. Would business owners be better off under this? — Provides grants to childcare providers to support their expansion and operation. Would billionaires be better off under this? — The bill's wealth tax specifically targets individuals with assets over $1 billion. Would high-income households be better off under this? — The bill imposes a significant 5 percent annual wealth tax on assets exceeding $1 billion. Would people with substantial wealth be better off under this? — The new wealth tax specifically targets those with assets exceeding $1 billion. Would the very wealthiest people be better off under this? — The wealth tax imposes a heavy annual burden on ultra-high net worth individuals.
- Education And Technology
- Does this put more money into public schools? — Provides massive appropriations to increase teacher salaries and improve public education investment.
- Economy And Finance
- Does this raise the lowest wage an employer may pay? — The bill mandates significant wage increases for public school teachers and support for childcare worker wages. Does this cut taxes for middle-income families? — The bill provides affordability rebates of $3,000 for individuals and $6,000 for joint returns. Does this make it easier to run a small business? — Provides startup and expansion grants to childcare providers, which often include family-owned businesses. Does this raise taxes on the highest earners? — The bill imposes a 5 percent annual tax on the net value of assets exceeding $1,000,000,000.
- Governance And Ideology
- Does this give the federal government more power? — Increases federal oversight and funding mandates for state education and healthcare systems.
- 3/26/2026
- 1 Cosponsor added.
- 3/2/2026
- Read twice and referred to the Committee on Finance.
- Introduced in Senate
6 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
- 119-HR-247: Health Care Affordability Act of 2025
- 119-HR-4849: Protecting Health Care and Lowering Costs Act of 2025
- 119-HR-7767: Make Billionaires Pay Their Fair Share Act
- 119-S-46: Health Care Affordability Act of 2025
- 119-S-939: Medicare Dental, Hearing, and Vision Expansion Act of 2025
- 119-S-2556: Protecting Health Care and Lowering Costs Act
Chris Van HollenDemocrat · Maryland