I'm fighting for a fairer system that ensures those who are stretching to make ends meet can keep more of what they earn, while asking the well-off to pitch in more. Our millionaires' surtax proposal is a simple way to raise new revenue that can be used to promote greater opportunity and shared prosperity for all.
I will keep fighting for a fairer tax system by advancing a millionaires surtax to make the wealthiest Americans pay more and raise revenue for working families.
Occurrences
Evidence
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Beyer's office says he and Sen. Chris Van Hollen reintroduced the Millionaires Surtax Act on Tax Day 2026. The release says the bill would add a 10-point surtax on income above $2 million for married couples or $1 million for individuals and would raise an estimated $1.5 trillion over 10 years.
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Investopedia reported that Rep. Don Beyer introduced a House companion to the Working Americans' Tax Cut Act and that the proposal would fund middle-class tax cuts with new surtaxes on incomes above $1 million; the article also says the bill still needs to pass both chambers and be signed into law.
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Last Action Date Listed April 15, 2026 Action Mr. Beyer (for himself, Mr. Cohen, Mr. Deluzio, Ms. Norton, Ms. Tlaib, and Mr. Davis of Illinois) introduced the following bill; which was referred to the Committee on Ways and Means
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there is hereby imposed (in addition to any other tax imposed by this subtitle) a tax equal to 10 percent of so much of the modified adjusted gross income of the taxpayer as exceeds $2,000,000.
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Last Action Date Listed April 15, 2026 Action Mr. Van Hollen (for himself, Mr. Merkley, Mr. Luján, and Mr. Gallego) introduced the following bill; which was read twice and referred to the Committee on Finance
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Today, on Tax Day, U.S. Senator Chris Van Hollen (D-Md.) and U.S. Representative Don Beyer (D-Va.) reintroduced their Millionaires Surtax Act, legislation to address the growing income inequality gap between wealthy and working Americans and raise significant revenue to support everyday families and grow our economy.
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By Mr. BEYER (for himself, Mr. COHEN, Mr. DELUZIO, Ms. NORTON, Ms. TLAIB, and Mr. DAVIS of Illinois): H.R. 8294. A bill to amend the Internal Revenue Code of 1986 to impose a surtax on high income individuals; to the Committee on Ways and Means.
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Last Action Date Listed March 16, 2026 Bill Version Introduced in House (IH)
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The Working Americans’ Tax Cut Act implements a tiered surtax on millionaires.
Assessments
Beyer took concrete same-term action toward the promise by reintroducing and promoting a federal millionaires surtax bill in 2026, which shows he was actively fighting for the policy. But the available evidence shows the surtax remained a proposal that still needed to pass Congress and be signed into law, so the promised tax change was not fully delivered. Because he materially advanced the idea but did not secure enactment, partial credit fits better than full delivery or never.