We need to level the playing field by raising taxes on corporations and capital gains and closing corporate loopholes. Warren proposes imposing a wealth tax on billionaires like Jeff Bezos and Sam Altman.
Warren proposes a wealth tax on billionaires and higher taxes on corporations and capital gains.
GovInfo lists S.4246 as introduced by Ms. Warren and referred to the Committee on Finance on March 26, 2026.
As of the 2026 reintroduction, the proposal remained introduced legislation rather than enacted law, showing continued effort but no completed delivery yet.
The enacted law includes a corporate alternative minimum tax, a stock-repurchase excise tax, and added IRS enforcement funding.
This supports partial progress on tax fairness through enacted corporate and enforcement provisions, but it did not create Warren's household wealth tax.
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.
provider codex_cli · model gpt-5.5 · confidence 93%