Bill > S3956

This bill, titled the "Make Billionaires Pay Their Fair Share Act," proposes a significant overhaul of tax and healthcare policies, with its most prominent provision being the imposition of an annual 5% tax on the net value of assets held by individuals and trusts exceeding $1 billion (adjusted for inflation), a measure aimed at increasing tax contributions from the wealthiest. Beyond this wealth tax, the bill introduces several other key provisions: it establishes affordability rebates for taxpayers, repeals certain prior healthcare reconciliation provisions while expanding eligibility for premium tax credits, and significantly enhances Medicare coverage to include dental, hearing, and vision care, with specific provisions for payment and implementation. Additionally, the bill authorizes substantial appropriations for a Housing Trust Fund, creates a universal child care and early learning entitlement program for children from birth through five, and mandates a minimum annual salary of $60,000 for all public school teachers, with provisions for increasing federal investment in education and supporting collective bargaining. Finally, it includes significant investments in home and community-based services (HCBS) and long-term care, aiming to improve access, quality, and the workforce in this sector, and permanently extends certain Medicaid protections for HCBS recipients.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/3956/all-info