Pass the Ultra-Millionaire Tax Act to apply an annual wealth tax to households and trusts worth more than $50 million, with an additional surtax on wealth above $1 billion.

Pramila Jayapal · Washington · Democratic

policy impact 0.86 specificity 0.88 extraction confidence 89%

Occurrences

U.S. Representative Pramila Jayapal (D-Wash.), Senator Elizabeth Warren (D-Mass.), and Representative 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.

Jayapal renewed her push for the Ultra-Millionaire Tax Act, which would tax fortunes above $50 million and add a higher rate for billionaires.

Jayapal, Warren, Boyle, 45+ Lawmakers Renew Push for Wealth Tax on Ultra-Millionaires and Billionaires - Congresswoman Pramila Jayapal
primary · press_release · model gpt-5.5

Evidence

Record updated May 13, 2026 lists H.R. 8085 as introduced, latest action March 25, 2026, with actions only introduction and referral to Ways and Means; no House votes are listed.

Within the May 6-June 4 lookback window, the updated tracker still showed no passage or roll-call action, so the commitment remains unresolved.

unresolved same_term A for effort

H.R. 8085 - 119th Congress (2025-2026) - Ultra-Millionaire Tax Act of 2026 - Bill Sponsor
secondary · model gpt-5.5 · confidence 78%

GovInfo lists H.R. 8085 as the Ultra-Millionaire Tax Act of 2026, sponsored by Pramila Jayapal, introduced March 25, 2026, and referred to House Ways and Means.

Official House bill record confirms Jayapal introduced the promised bill, but it remained at the introduced/referral stage rather than becoming law.

unresolved same_term A for effort

H.R. 8085 (IH) - Ultra-Millionaire Tax Act of 2026 - GovInfo Content Details
secondary · model gpt-5.5 · confidence 96%

The introduced text imposes an annual wealth tax with a $50 million zero bracket threshold, a $1 billion top bracket threshold, 2% between those levels, and an applicable percentage above $1 billion; certain nongrantor multibeneficiary trusts are treated as individuals.

Official bill text matches the substance of the campaign commitment, but introduced text alone does not deliver enactment.

unresolved same_term A for effort

BILLS-119hr8085ih - Ultra-Millionaire Tax Act of 2026 - GovInfo Bill Text
secondary · model gpt-5.5 · confidence 95%

Jayapal's office said Jayapal, Warren, and Boyle led more than 45 lawmakers in reintroducing the Act; it would tax households and trusts above $50 million and add a surtax above $1 billion.

Official statement shows serious public and legislative effort by Jayapal, not enactment of the policy.

unresolved same_term A for effort

Jayapal, Warren, Boyle, 45+ Lawmakers Renew Push for Wealth Tax on Ultra-Millionaires and Billionaires - Congresswoman Pramila Jayapal
primary · model gpt-5.5 · confidence 90%

GovInfo lists S. 4246 as the Senate Ultra-Millionaire Tax Act of 2026, introduced by Elizabeth Warren on March 26, 2026, read twice, and referred to the Senate Finance Committee.

Official Senate companion activity supports that the proposal is active bicameral legislation, but still pending in committee rather than passed.

unresolved same_term A for effort

S. 4246 (IS) - Ultra-Millionaire Tax Act of 2026 - GovInfo Content Details
secondary · model gpt-5.5 · confidence 93%

GovInfo’s bill record lists H.R. 8085 as introduced in the House on March 25, 2026 and referred to the Committee on Ways and Means; the last action date shown is March 25, 2026.

Official congressional record shows the promised ultra-millionaire tax bill was introduced and referred to committee, but it had not advanced to passage or enactment.

unresolved same_term A for effort

H.R. 8085 (IH) - Ultra-Millionaire Tax Act of 2026 - GovInfo Content Details
secondary · model gpt-5.4-mini · confidence 97%

Assessments

never same_term A for effort

Jayapal materially advanced the Ultra-Millionaire Tax Act by sponsoring and reintroducing it, and the bill matched the promised wealth-tax substance, but the record only shows introduction and committee referral with no passage or enactment. That is a serious legislative attempt that did not deliver the promised outcome.

provider codex_cli · model gpt-5.4-mini · confidence 97%

never same_term A for effort

Jayapal materially pursued the promise by sponsoring H.R. 8085, the Ultra-Millionaire Tax Act of 2026, and publicly leading its reintroduction with Warren and Boyle. The bill matches the promised wealth-tax structure for households and trusts above $50 million with an added surtax above $1 billion. But as of the cited 2026 records, it had only been introduced and referred to committee, with no House passage, Senate passage, or enactment. That is a serious same-term legislative effort, not fulfillment of the promise to pass the Act.

provider codex_cli · model gpt-5.5 · confidence 90%