Make Billionaires Pay Their Fair Share Act

The Make Billionaires Pay Their Fair Share Act (S. 3956) imposes a new 5% annual wealth tax on individuals and trusts whose net assets exceed $1 billion, with the threshold adjusted for inflation. The bill also expands Medicare coverage to include dental, hearing, and vision services, establishes a $60,000 minimum annual salary for public school teachers, and creates a birth-through-five child care entitlement program for families with income up to 250% of state median income. Additional provisions include permanent extensions of Medicaid protections for home and community-based services, increased funding for housing trust funds, and expanded child care and early learning support for working families.