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Millionaires Surtax Act

5/7/2026, 2:49 AM

Summary of Bill HR 8294

The bill titled "To amend the Internal Revenue Code of 1986 to impose a surtax on high income individuals," designated as H.R. 8294 in the 119th Congress and introduced on April 15, 2026, aims to introduce a surtax on individuals with high incomes. The bill likely includes provisions specifying the implementation and rates of the surtax, potentially addressing issues related to income inequality and tax policy. For more details and specific directives, the official PDF version of the bill can be accessed through the provided link.

Read the Full Bill

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Current Status of Bill HR 8294

Bill HR 8294 is currently in the status of Bill Introduced since April 15, 2026. Bill HR 8294 was introduced during Congress 119 and was introduced to the House on April 15, 2026.  Bill HR 8294's most recent activity was Referred to the House Committee on Ways and Means. as of April 15, 2026

Bipartisan Support of Bill HR 8294

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
20
Democrat Cosponsors
20
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 8294

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 8294

To amend the Internal Revenue Code of 1986 to impose a surtax on high income individuals.
To amend the Internal Revenue Code of 1986 to impose a surtax on high income individuals.

Comments

Sponsors and Cosponsors of HR 8294

Donald S. Beyer, Jr.
Donald S. Beyer, Jr.
VirginiaDemocrat
Rashida Tlaib
Rashida Tlaib
MichiganDemocrat
Eleanor Holmes Norton
Eleanor Holmes Norton
District of ColumbiaDemocrat
Christopher R. Deluzio
Christopher R. Deluzio
PennsylvaniaDemocrat
Danny K. Davis
Danny K. Davis
IllinoisDemocrat
Steve Cohen
Steve Cohen
TennesseeDemocrat

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