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Senate bill · 119th Congress · Latest step: Introduced

Billionaires Income Tax Act

S. 2845Introduced Sep 17, 2025Policy area: Taxation

Official title: 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.

Sponsor: Sen. Ron Wyden D-OR
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Where it went

Latest action: Sep 17, 2025 — Read twice and referred to the Committee on Finance.

Vote results

No recorded roll-call votes on this bill in PORKER’s records (voice votes and unanimous consent are not roll calls; roll-call records start in 2011).

Cosponsors

23 cosponsors — 22 Democrats, 1 independent

0 of 23 cosponsors (0%) are from the other party.

Angela Alsobrooks (D-MD), Tammy Baldwin (D-WI), Richard Blumenthal (D-CT), Christopher Coons (D-DE), Tammy Duckworth (D-IL), John Fetterman (D-PA), Martin Heinrich (D-NM), Mazie Hirono (D-HI), Ben Luján (D-NM), Edward Markey (D-MA), Jeff Merkley (D-OR), Christopher Murphy (D-CT), Patty Murray (D-WA), Alex Padilla (D-CA), John Reed (D-RI), Bernie Sanders (I-VT), Brian Schatz (D-HI), Adam Schiff (D-CA), Tina Smith (D-MN), Chris Van Hollen (D-MD), Elizabeth Warren (D-MA), Peter Welch (D-VT), Sheldon Whitehouse (D-RI).

More from the sponsor

Other 119th Congress bills sponsored by Sen. Ron Wyden.

Related bills

Relationships as recorded by Congress.gov.

Sponsor’s state and district

Oregon in Congress

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Data as of Oct 7, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.