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Equal Tax Act

September 11, 2025 – March 17, 2026

Senators Markey and Sanders have introduced the Equal Tax Act (S. 4122) to tax investment gains as regular income for high earners and eliminate the step-up in basis for inherited assets, following a similar legislative effort introduced by Rep. Ramirez in the House.

Policies

Sen. Markey and Sen. Sanders Introduce the Equal Tax Act to Tax Investment Gains Like Regular Income

S. 4122

Rep. Ramirez Introduces Bill to Tax Capital Gains Like Regular Income for Millionaires

H.R. 5336

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