Back to today’s briefing

Story perspectives

Warren's Ultra-Millionaire Tax Could Raise $6.2 Trillion

3/27/2026

50 6 Full Breakdown

Summary

Story summary

Senator Elizabeth Warren introduced the Ultra-Millionaire Tax Act of 2026, proposing a 2% tax on households over $50 million and a 1% tax on billionaires.
The bill would impose a 40% exit tax on citizens renouncing United States citizenship to avoid taxes.
It has 10 Senate co-sponsors.
It is projected to raise $6.2 trillion over the next decade, despite facing GOP opposition.

1 of 1

Story summary

Senator Elizabeth Warren introduced the Ultra-Millionaire Tax Act of 2026, proposing a 2% tax on households over $50 million and a 1% tax on billionaires.
The bill would impose a 40% exit tax on citizens renouncing United States citizenship to avoid taxes.
It has 10 Senate co-sponsors.
It is projected to raise $6.2 trillion over the next decade, despite facing GOP opposition.