led over 45 lawmakers in reintroducing the Ultra-Millionaire Tax Act, legislation that would apply a wealth tax to fortunes above $50 million
Reintroduce and advance the Ultra-Millionaire Tax Act to impose a wealth tax on fortunes above $50 million.
Occurrences
Evidence
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Congressman Brendan F. Boyle, along with Representative Pramila Jayapal and Senator Elizabeth Warren, led over 45 lawmakers in reintroducing the Ultra-Millionaire Tax Act, legislation that would apply a wealth tax to fortunes above $50 million.
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The bill text is titled the Ultra-Millionaire Tax Act of 2026 and identifies Boyle as a sponsor, confirming a formal reintroduction in the 119th Congress.
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The one-pager describes the Ultra-Millionaire Tax Act of 2026 as legislation sponsored by Senator Elizabeth Warren, Congresswoman Pramila Jayapal, and Congressman Brendan Boyle, and says it would impose a progressive wealth tax on fortunes above $50 million.
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Boyle, Warren, and Jayapal reintroduced the Ultra-Millionaire Tax Act, which would require the top 0.05 percent of households to pay 2 cents for every dollar of wealth over $50 million.
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Congressional Record Index entries show the Ultra-Millionaire Tax Act was discussed in the House and referenced for enactment, indicating floor-level attention in the prior Congress.
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House Votes (0) Senate Votes (0) No House votes have been held for this bill.
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Actions (2) 03/25/2026 Referred to the House Committee on Ways and Means. 03/25/2026 Introduced in House
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Last Action Date Listed March 25, 2026 Action Ms. Jayapal (for herself, Mr. Boyle of Pennsylvania, Ms. Ansari, Mr. Beyer, Ms. Chu, Mr. Davis of Illinois, Ms. Dean of Pennsylvania, Mr. Deluzio, Mr. DeSaulnier, Mrs. Foushee, Ms. Friedman, Mr. Frost, Mr. García of Illinois, Mr. Garcia of California, Mr. Goldman of New York, Mrs. Grijalva, Mr. Ivey, Mr. Jackson of Illinois, Mr. Johnson of Georgia, Ms. Kelly, Ms. Lee of Pennsylvania, Mr. McGovern, Mr. Nadler, Ms. Norton, Ms. Ocasio-Cortez, Ms. Omar, Mr. Pallone, Ms. Pressley, Mrs. Ramirez, Ms. Sánchez, Ms. Schakowsky, Ms. Simon, Mr. Smith of Washington, Ms. Stansbury, Mr. Takano, Mr. Thanedar, Ms. Tlaib, Ms. Tokuda, Ms. Velázquez, and Mrs. Watson Coleman) introduced the following bill; which was referred to the Committee on Ways and Means
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Last Action Date Listed March 26, 2026 Action Ms. Warren (for herself, Ms. Duckworth, Ms. Hirono, Mr. Markey, Mr. Merkley, Mr. Schiff, Ms. Smith, Mr. Schatz, Mr. Van Hollen, Mr. Welch, and Mr. Whitehouse) introduced the following bill; which was read twice and referred to the Committee on Finance
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U.S. Senator Elizabeth Warren (D-Mass.), a member of the Senate Finance Committee, along with Representatives Pramila Jayapal (D-Wash.) and Brendan F. Boyle (D-Pa.), led over 45 lawmakers in reintroducing the Ultra-Millionaire Tax Act, legislation that would apply a wealth tax to fortunes above $50 million.
Assessments
Evidence shows Boyle did reintroduce the Ultra-Millionaire Tax Act in the 119th Congress and publicly led the effort with other lawmakers, satisfying the 'reintroduce' portion of the promise. However, the record provided does not show meaningful legislative advancement such as committee approval, floor passage, or enactment. Because the promised outcome included both reintroduction and advancement, and only the first part is clearly established, this is best scored as partial rather than delivered. The activity occurred during the current term.