Very wealthy people would owe tax each year on many gains from investments they still own. The bill also limits trusts, insurance plans, and other tools used to delay or reduce taxes.
Modern Action explains what the legislation does, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.
Billionaires Income Tax Act is a Senate bill in Congress.
Who this affects: This bill mainly affects billionaires, people with extremely high income, and very large trusts. It also affects the businesses, trusts, insurers, and advisers that handle their investments and tax reporting. Most ordinary taxpayers would not fall under the income or asset limits. The Internal Revenue Service would have to administer new valuation, reporting, and enforcement rules.
Why this matters: Today, very wealthy people can often delay tax on investment gains until they sell an asset, and some gains can escape income tax when assets pass to heirs. This bill would make many of those gains taxable sooner. It could raise federal revenue and reduce the value of strategies such as holding assets, borrowing against them, and passing them on at death. It would also make the tax system more complex for covered taxpayers and for the Internal Revenue Service.
You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.
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Officially: Billionaires Income Tax Act
Very wealthy people would owe tax each year on many gains from investments they still own. The bill also limits trusts, insurance plans, and other tools used to delay or reduce taxes.
Use this page to support, oppose, or ask Congress to amend S3367. Modern Action explains what the bill does, helps identify the right senators or representative, and drafts a bill-specific message you can edit and send.
Where it stands
Sitting in Senate Committee
No vote scheduled. Constituent contact is what moves bills out of committee.
↓ Why your message matters here
This bill is sitting in committee with no scheduled vote — which means a small number of constituent messages can decide whether it moves forward or quietly dies.
Enter your ZIP to see how your senators and member of Congress have voted, sponsored, or spoken on this bill.
Where this bill is in the process
Introduced
Introduced in Senate
Senate Committee
Under Senate committee consideration
Senate Floor Vote
Voted on by Senate
Passed Senate
Approved by Senate
House Review
Sent to House for consideration
Passed Both Chambers
Approved by both House and Senate
Signed into Law
Signed by the President
For more detail
Choose one clear position: support, oppose, or amend. Then pick any reasons or personal context you want included. Modern Action uses that input and the bill context to draft a message you can edit and send.
Congressional offices prioritize messages from their own constituents. Modern Action uses your address to route the drafted message to your senators when that is the most relevant target for this bill.
The draft includes the bill number, your position, the reasons you selected, any personal context you added, and a direct ask such as voting yes, voting no, cosponsoring, opposing, or seeking changes. You stay in control because you can edit the message before sending.
This page gives you an opportunity to support, oppose, or ask for changes to Billionaires Income Tax Act, then contact the elected officials who can act. Modern Action drafts the message from your position and the reasons you select.
Modern Action keeps the action tied to the bill itself: what it does, where it is in the process (introduced), which office can still act, and what ask belongs in the message.
You are not starting from a blank form. Modern Action drafts the message around S3367, your stance, and the reasons you choose, then lets you edit and send when ready.
