S.3956

S. 3956

March 2, 2026

Mr. Sanders introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend the Internal Revenue Code of 1986 to impose an annual tax on the net value of assets held by a taxpayer, and for other purposes.

1. Short title, etc; TITLE I—WEALTH TAX; 101. Imposition of tax on net value of assets; 102. Enforcement; TITLE II—AFFORDABILITY REBATES; 201. Affordability rebates; TITLE III—HEALTH CARE PROVISIONS; 301. Repeal of reconciliation health provisions; 302. Increase in eligibility for premium tax credit; TITLE IV—MEDICARE DENTAL, HEARING, AND VISION EXPANSION; 401. Short title; 402. Coverage of dental and oral health care; 403. Providing coverage for hearing care under the Medicare program; 404. Providing coverage for vision care under the Medicare program; 405. Phase-in of impact of dental and oral health coverage on part B premiums; TITLE V—HOUSING TRUST FUND; 501. Authorization of appropriations; TITLE VI—AFFORDABLE CHILD CARE FOR WORKING FAMILIES; 601. Birth through five child care and early learning entitlement; TITLE VII—ESTABLISHING A $60,000 A YEAR MINIMUM SALARY FOR EVERY PUBLIC SCHOOL TEACHER IN THE UNITED STATES; 701. Purposes; 702. Definitions; 703. Ensuring teachers are paid a livable and competitive wage; 704. Collective bargaining and related rules; TITLE VIII—INVESTMENTS IN HOME AND COMMUNITY-BASED SERVICES AND LONG-TERM CARE QUALITY AND WORKFORCE; 801. HCBS improvement planning grants; 802. HCBS Improvement Program; 803. Funding for Federal activities related to Medicaid HCBS; 804. Funding for HCBS quality measurement and improvement; 805. Permanent extension of Medicaid protections against spousal impoverishment for recipients of home and community-based services; 806. Permanent extension of Money Follows the Person Rebalancing demonstration

Imposition of tax

Net value of assets

Special rules

Administrative provisions