Donald J. Trump Wealth Tax Act of 2026

Cost and committee reports

Official records Congress.gov attaches to H.R. 8316.

• Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. VARGAS, as printed in the Congressional Record (Vol. 172, No. 66, April 15, 2026, Page H2926):
  Congress has the constitutional authority to enact this legislation pursuant Article 1, Section 8, Clause 1 of the U.S. Constitution, which states: ``The Congress shall have the power to lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States; but all duties, imposts and excises shall be uniform throughout the United States.''
  Source: Congress.gov, Congressional Record April 15, 2026 ↗

  Evidence

  Field in the Congress.gov record

  constitutionalAuthorityStatementText

  Statement length

  417 characters

  Congress.gov bill record

  H.R. 8316, 119th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/119/hr/8316

  Record last updated by Congress.gov

  September 19, 2026

  PORKER copy retrieved

  September 24, 2026

  Stored copy, SHA-256 of the file

  e5161237ff71a0601a7c7c26672e269ffd2a82f435ac500acace50ffb50b4a5f

  PORKER shows the statement exactly as printed, with the page markup removed. It is the sponsor’s claim; it is not a legal finding.

Congress.gov’s record for this bill does not list a CBO cost estimate or a committee report (as of September 19, 2026). Not every bill gets one.

From the Congress.gov bill record for H.R. 8316, last updated September 19, 2026. PORKER’s copy was retrieved September 24, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.