Make Billionaires Pay Their Fair Share Act

Tax Relief through Rebates: The bill implements "affordability rebates" which provide $3,000 for individuals or $6,000 for joint returns, plus $3,000 for each dependent (Section 201).

Improved Health Coverage: Medicare enrollees would gain coverage for dental and oral health services, such as cleanings and fillings (Section 402).

Expanded Hearing Care: The bill provides coverage for hearing aids and examination services for individuals with moderately severe, severe, or profound hearing loss (Section 403).

Increased Vision Care Access: Medicare would cover routine eye examinations and one pair of conventional eyeglasses or contact lenses every two years (Section 404).

Affordable Child Care: A new entitlement program would provide high-quality child care services for eligible children under age six (Section 601).

Support for Working Families: The child care program includes a sliding fee scale for copayments to help families access services (Section 601).

Housing Support: The bill authorizes appropriations for the Housing Trust Fund (Section 501).

Teacher Salary Increases: The bill seeks to ensure public school teachers earn a livable and competitive salary with a starting base of at least $60,000 (Section 701).

Inflation Protection for Teachers: For fiscal years 2032 and after, the minimum salary for teachers will be adjusted for inflation to maintain purchasing power (Section 702).

Support for Local Educators: States receiving funds must ensure teacher salaries increase throughout their careers and are commensurate with other college-s educated professionals in their region (Section 703).

Improved Home and Community-Based Services: The bill provides funding for states to develop improvement plans to address access barriers and enhance the availability of these services (Section 801).

Increased Medicaid Support: States that meet specific requirements can receive an increased Federal medical assistance percentage for home and community-based services (Section 802).

Caregiver and Workforce Support: The legislation includes provisions to strengthen the direct care workforce through better payment rates and training opportunities (Section 802).

Financial Protections for Families: The bill permanently extends Medicaid protections against spousal impoverishment for recipients of home and community-based services (Section 805).

New Tax Burden on High-Net-Worth Individuals: Applicable taxpayers with net assets exceeding $1,000,000,000 will be subject to a 5 percent annual tax on the net value of those assets (Section 101).

Increased Tax Rate for Expatriates: Covered expatriates may face a tax rate of 60 percent for the calendar year in which they expatriate (Section 2903).

Medicare Premium Adjustments: The bill includes a phase-in process that adjusts monthly actuarial rates for Medicare Part B premiums to account for new dental coverage (Section 405).

Limitations on Medical Services: Dental coverage is subject to frequency limits, such as no more than two oral exams or two cleanings per year (Section 402(c)(3)).

Vision Care Limits: Coverage for vision services is limited to one routine eye examination every two-year period (Section 404(c)(2)).

State Funding Requirements: To receive allotments, states must increase their per-pupil expenditures or aggregate expenditures for public education (Section 703).

Restrictions on Educational Changes: States are prohibited from using increased education funding to increase average class sizes, reduce planning time, or require teachers to teach additional classes (Section 703).

Medicaid Maintenance of Effort: States participating in the HCBS improvement program are prohibited from reducing the amount, duration, or scope of existing services or reducing payment rates (Section 802).

Strict Compliance for Medicaid Funds: States must ensure they do not use new Federal funds to supplant their existing levels of state funding for home and community-based services (Section 802).