What is the official ID of this bill?
The official print number for this legislation is HR 7767.
Billionaire Wealth Tax and Comprehensive Social Support Act
This bill introduces a 5% annual tax on wealth over $1 billion to fund major social programs. Citizens will benefit from direct financial rebates, capped child care costs, expanded Medicare coverage for seniors, and guaranteed minimum salaries for teachers.
Key points
A new 5% annual wealth tax on individuals with assets exceeding $1 billion.
Direct affordability rebates of $3,000 per taxpayer and per dependent.
Medicare expansion to cover dental, vision, and hearing care, including dentures, eyeglasses, and hearing aids.
A guaranteed minimum starting salary of $60,000 for all public school teachers.
Child care costs capped at 7% of family income, with free care for lower-income families.
Status:
Introduced
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