US SB3367 | 2023-2024 | 118th Congress
Status
Spectrum: Strong Partisan Bill (Democrat 18-1)
Status: Introduced on November 30 2023 - 25% progression
Action: 2023-11-30 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S5694)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on November 30 2023 - 25% progression
Action: 2023-11-30 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S5694)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
A bill to amend the Internal Revenue Code of 1986 to eliminate tax loopholes that allow billionaires to defer tax indefinitely through planning strategies such as "buy, borrow, die", to modify over 30 tax provisions so that billionaires are required to pay taxes annually, and for other purposes.
Title
Billionaires Income Tax Act
Sponsors
| Sen. Ron Wyden [D-OR] | Sen. Debbie Stabenow [D-MI] | Sen. Sherrod Brown [D-OH] | Sen. Robert Casey [D-PA] |
| Sen. Sheldon Whitehouse [D-RI] | Sen. Elizabeth Warren [D-MA] | Sen. Brian Schatz [D-HI] | Sen. Mazie Hirono [D-HI] |
| Sen. Tammy Baldwin [D-WI] | Sen. Bernard Sanders [I-VT] | Sen. Jeff Merkley [D-OR] | Sen. John Fetterman [D-PA] |
| Sen. Jack Reed [D-RI] | Sen. Peter Welch [D-VT] | Sen. Tina Smith [D-MN] | Sen. Edward Markey [D-MA] |
| Sen. Ben Lujan [D-NM] | Sen. Laphonza Butler [D-CA] | Sen. Tammy Duckworth [D-IL] |
History
| Date | Chamber | Action |
|---|---|---|
| 2023-11-30 | Senate | Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S5694) |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/118th-congress/senate-bill/3367/all-info |
| Text | https://www.congress.gov/118/bills/s3367/BILLS-118s3367is.pdf |
