Millionaires Surtax Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8294 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8294 To amend the Internal Revenue Code of 1986 to impose a surtax on high income individuals. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 15, 2026 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 _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to impose a surtax on high income individuals. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Millionaires Surtax Act''. SEC. 2. SURCHARGE ON HIGH INCOME INDIVIDUALS. (a) In General.--Subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new part: ``PART VIII--SURCHARGE ON HIGH INCOME INDIVIDUALS ``Sec. 59B. Surcharge on high income individu…