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
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.
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.
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.
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.
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.
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.