Pay for the agenda with a national wealth tax on mega-millionaires and by closing tax loopholes that favor corporations, the wealthy, and the well-connected.

We will pay for the policies ... through a national wealth tax on mega-millionaires and by closing tax loopholes that favor corporations, the wealthy and the well-connected

Commits to specified funding mechanisms for the agenda.

The American Affordability Agenda | Seth Moulton for Massachusetts
campaign · campaign_site · model gpt-5.4-mini

Axios reported that Rep. Seth Moulton ended his 2020 presidential campaign on August 23, 2019, before the Democratic nomination and before the 2021-2025 presidential term in which a campaign tax agenda could have been implemented from the White House.

Moulton did not win the presidency, so the promised presidential agenda financing mechanism was not implemented by him in that office.

never unknown

Seth Moulton ends his 2020 presidential campaign
secondary · model gpt-5.5 · confidence 90%

Congress.gov shows H.R.1459, the Ultra-Millionaire Tax Act of 2021, was introduced by Rep. Pramila Jayapal and referred to Ways and Means; its status remained Introduced. The CRS summary describes a wealth tax on taxable assets above $50 million and above $1 billion.

A national wealth-tax bill matching the promise was introduced in the House but did not become law; this does not show Moulton sponsorship or enactment.

never later_term

H.R.1459 - Ultra-Millionaire Tax Act of 2021
secondary · model gpt-5.5 · confidence 92%

Congress.gov shows S.510, the Senate companion Ultra-Millionaire Tax Act of 2021, was introduced by Sen. Elizabeth Warren and referred to the Senate Finance Committee; its status remained Introduced.

The Senate version of the national wealth tax also did not advance to enactment, supporting non-delivery of the wealth-tax portion.

never later_term

S.510 - Ultra-Millionaire Tax Act of 2021
secondary · model gpt-5.5 · confidence 90%

Sen. Warren's official release said the Ultra-Millionaire Tax Act would apply a 2% annual tax on net worth from $50 million to $1 billion and a 1% surtax above $1 billion, with anti-evasion measures and IRS investment.

This establishes the concrete wealth-tax proposal available in Congress; it was proposed by others, not enacted, and not credited to Moulton.

never later_term

Warren, Jayapal, Boyle Introduce Ultra-Millionaire Tax on Fortunes Over $50 Million
secondary · model gpt-5.5 · confidence 86%

Congress.gov shows H.R.5376 became Public Law 117-169. The CRS public-law summary lists a 15% corporate alternative minimum tax, a 1% excise tax on corporate stock repurchases, and additional IRS funding for enforcement and taxpayer compliance.

The Inflation Reduction Act partially addressed corporate tax preferences and enforcement, but it did not enact a national wealth tax on mega-millionaires.

partial later_term

H.R.5376 - An act to provide for reconciliation pursuant to title II of S. Con. Res. 14
secondary · model gpt-5.5 · confidence 93%

The House Clerk roll call for H.R.5376 shows the motion passed 220-207 on August 12, 2022, and lists Rep. Moulton of Massachusetts voting Yea.

Moulton took a concrete vote for the IRA tax provisions that partially advanced closing corporate tax preferences and tax enforcement.

partial later_term A for effort

Roll Call 420 | Bill Number: H. R. 5376
secondary · model gpt-5.5 · confidence 95%

Congress.gov shows H.R.1 became Public Law 119-21 on July 4, 2025. The CRS summary says the act reduces taxes and makes permanent multiple 2017 individual tax provisions, while also making multiple business and international tax changes.

As of July 2, 2026, later federal tax law moved in a broad tax-cut direction and still did not enact Moulton's promised national wealth tax.

never later_term

H.R.1 - An act to provide for reconciliation pursuant to title II of H. Con. Res. 14
secondary · model gpt-5.5 · confidence 78%

The House Clerk roll call for H.R.1 shows the bill passed 218-214 on July 3, 2025; Rep. Moulton of Massachusetts voted No.

Moulton opposed the 2025 reconciliation tax law, but the bill passed anyway; this is effort against a contrary tax package, not delivery of the wealth-tax promise.

never later_term A for effort

Roll Call 190 | Bill Number: H. R. 1
secondary · model gpt-5.5 · confidence 80%