Donald J. Trump Wealth Tax Act of 2026

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8316 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8316 To impose a one-time tax on the amount in excess of $10,000,000 of the net worth of certain individuals and trusts. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 15, 2026 Mr. Vargas introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To impose a one-time tax on the amount in excess of $10,000,000 of the net worth of certain individuals and trusts. 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 ``Donald J. Trump Wealth Tax Act of 2026''. SEC. 2. FINDINGS. Congress finds the following: (1) In 1999, then presidential candidate Donald J. Trump said the following on Good Morning America regarding his wealth tax plan: ``If I were president, it would be passed. I think if somebody else is president, it probably can't be . . . This is a…