Make the rich pay their fair share Related Plans Real Corporate Profits Tax Ultra-Millionaire Tax
Make the wealthy pay their fair share through taxes such as an Ultra-Millionaire Tax.
Occurrences
Evidence
The campaign archive says the plan would tax ultra-rich wealth, with households above $50 million paying 2% and above $1 billion paying 6%.
Congress.gov lists Sen. Warren as sponsor, status Introduced, and latest action as read twice and referred to Senate Finance.
Congress.gov records one action for S.4017: read twice and referred to the Committee on Finance on March 21, 2024.
GovInfo lists S.4246 as introduced by Ms. Warren and referred to the Committee on Finance on March 26, 2026.
The enacted law includes a corporate alternative minimum tax, a stock-repurchase excise tax, and added IRS enforcement funding.
Assessments
Warren's specific Ultra-Millionaire Tax was not enacted; her bills in 2021, 2024, and 2026 remained at introduction/referral. However, the Inflation Reduction Act enacted related tax-fairness measures including a corporate alternative minimum tax, stock-repurchase excise tax, and IRS enforcement funding. That is meaningful but incomplete progress toward making wealthy or high-income interests pay more, not full delivery of the wealth-tax promise.