Encouraging Congress to pursue reforms to ensure that all United States citizens contribute to funding the operations of the Federal Government in proportion to the economic gains they realize.
This resolution encourages Congress to reform the tax system so that all citizens pay taxes based on their total economic gains, regardless of whether that income comes from wages or investments. It highlights current disparities where wage earners are taxed at the source while wealth from assets like stocks, real estate, and digital currencies often escapes immediate taxation through deferrals, inheritance rules, and charitable vehicles. The bill specifically urges the House Ways and Means Committee to hold hearings on these differences and calls for consistent tax treatment across all income sources to ensure fairness in funding the federal government.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jul 2026
Committee Review
Floor Vote
President
Introduced Jul 30, 2026
Last action Jul 30, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jul 30, 2026
Committee
Referred to the House Committee on Ways and Means.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Adam Smith
DDemocratic
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