Support $100 million in new IRS funding and a 40% exit tax to deter wealth-tax avoidance.

The bill also includes robust anti-evasion and avoidance measures, including $100 million in new funding for the IRS and a 40% “exit tax” on the wealth of ultra-millionaires and billionaires who renounce their citizenship to avoid the tax.

The legislation includes IRS funding and an exit tax to prevent avoidance.

Boyle, Jayapal, Warren, 45+ Lawmakers Renew Push for Wealth Tax on Ultra-Millionaires and Billionaires | Congressman Brendan Boyle
primary · press_release · model gpt-5.4-mini

Barron's reported that Elizabeth Warren reintroduced the Ultra-Millionaire Tax Act on March 27, 2026, and that Brendan Boyle co-sponsored the House version.

Boyle was still publicly attached to the current ultra-millionaire tax push in 2026, which is concrete evidence of continuing support.

partial same_term A for effort

Elizabeth Warren Proposes Tax Levy for Households With $50 Million
secondary · model gpt-5.4-mini · confidence 72%

The page says Boyle co-sponsored the Ultra-Millionaire Tax Act of 2021 and describes the proposal as including a 40% exit tax and a $100 billion IRS expansion for enforcement.

This source matches the claim's core policy details: Boyle supported the wealth-tax package that bundled IRS funding and a 40% exit tax.

delivered later_term A for effort

Ultra-Millionaire Tax Act of 2021
secondary · model gpt-5.4-mini · confidence 66%