,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #hcaf  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,april #ae1 #bjbf,mr4 
,v>gas introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to impose a "o-"t tax on !
 am\nt 9 excess ( #aj1jjj1jjj ( ! net   
wor? ( c]ta9 individuals & tru/s4  #a4  
,%ort title  ,?is ,act may be cit$ z !  
,donald ,j4 ,trump ,weal? ,tax ,act (   
#bjbf4  #b4 ,f9d+s ,congress f9ds !     
foll[+3 7#a7 ,9 #aiii1 !n presid5tial   
c&idate ,donald ,j4 ,trump said ! foll[+
 on ,good ,morn+ ,am]ica reg>d+ 8 weal? 
tax plan3 ,if ,i 7 presid5t1 x w\ld be  
pass$4 ,i ?9k if somebody else is       
presid5t1 x probably c't be 4 4 4 ,?is  
is a tax paid by #a p]c5t1 b ! #a p]c5t 
w be v big b5efici>ies ) :at's go+ to   
happ5 & ! positive =ces t w\ld take     
place 9 ! economy44  7#b7 ,9 an int]view
 ) ,sean ,hannity on ,fox ,news 9 #bjae1
 !n presid5tial c&idate ,trump describ$ 
8 #aiii weal? tax plan z a v cons]vative
 ?+ to d44  7#c7 ,! propos$ tax plan1   

accord+ to !n presid5tial c&idate       
,trump1 0 expect$ to raise #e4g trillion
 & pay (f ! national debt 9 its entirety
 at ! "t4  7#d7 ,_m prom95t analy/s &   
cons]vatives h argu$ t r$uc+ ! national 
debt is crucial = our economic heal? &  
prosp]ity3 7,a7 ,accord+ to ! ,cato     
,in/itute1 ! ,u4,s4 is runn+ #b trillion
 deficits 7m ?an #f p]c5t ( ,,gdp7 )    
ne>ly #cj trillion 9 debt held by !     
public4  7,b7 ,z ,s5ate ,majority ,lead]
 ,john ,?une /at$ 9 an int]view giv5 9  
,janu>y ( #bjbe1 ,i w\ld l to see u z a 
nation d ?+s t affect ! long-t]m        
/ability1 future ( our kids & our       
gr&kids 4 4 4 ,we're 9 a fiscal mess1   
#cf trillion 9 debt44  7,c7 ,z ,elon    
,musk /at$ 9 ,septemb] ( #bjbd 9 a      
podca/ appe>ance1 ,we're add+ a trillion
 doll>s to our debt1 :i* our kids &     
gr&kids are go+ to h to pay someh[ 4 4  
44  7,d7 ,accord+ to ! ,,gop ,plat=m 9  
#bjaf1 ,our national debt is a burd5 on 
our economy & families4 ,! huge increase
 9 ! national debt dem&$ by & incurr$   

dur+ ! curr5t ,adm9i/ration has plac$ a 
significant burd5 on future g5]ations4  
,we mu/ impose firm caps on future debt1
 accel]ate ! repaym5t ( ! trillions we  
n[ owe 9 ord] to reaffirm our pr9ciples 
( responsible & limit$ gov]nm5t1 &      
remove ! burd5s we are plac+ on future  
g5]ations4 ,a /rong economy is "o key to
 debt r$uction1 b sp5d+ re/ra9t is a    
necess>y compon5t t mu/ be vigor\sly    
pursu$44  7#e7 ,s9ce ! beg9n+ ( !       
,global ,w> on ,t]ror1 ! ov]seas        
op]ations 9 ,iraq & ,afghani/an1 z well 
z o!r ,w> on ,t]ror-relat$ activities1 h
 add$ m ?an #b trillion to ! national   
debt 7accord+ to figures by !           
,congressional ,rese>* ,s]vice & !      
,congressional ,budget ,(fice74  7#f7 ,!
 ,"o ,big ,beautiful ,bill is project$  
to add m ?an #c trillion to our national
 debt 7accord+ to ! ,congressional      
,budget ,(fice74  7#g7 ,if ! ,donald ,j4
 ,trump ,weal? ,tax raises ! #e4g       
trillion t ,presid5t ,trump expect$ x   
w\ld 9 #aiii1 x w\ld r$uce !            

debt-to-,,gdp ratio f an e/imat$ #aja   
p]c5t to #hc p]c5t 7accord+ to !        
,congressional ,rese>* ,s]vice74  #c4   
,donald ,j4 ,trump ,weal? ,tax  7a7 ,tax
 impos$ ,9 ! case ( any applicable      
taxpay]1 !re is h]eby impos$ a tax equal
 to #ad4be p]c5t on ! excess 7if any7   
(-- 7#a7 ! net wor? ( su* taxpay]       
7det]m9$ z ( ! date ( ! enactm5t ( ?is  
,act71 ov]  7#b7 #aj1jjj1jjj4  7b7      
,applicable taxpay] ,= purposes ( ?is   
section--  7#a7 ,9 g5]al ,! t]m         
applicable taxpay] means-- 7,a7 an      
individual :o is a citiz5 or resid5t ( !
 ,unit$ ,/ates1  7,b7 ! nongrantor      
portions ( any dome/ic tru/1 or  7,c7 ! 
nongrantor portions ( any =eign tru/ :i*
 are prop]ly allocable to "o or m       
b5efici>ies :o are citiz5s or resid5ts (
 ! ,unit$ ,/ates4  7#b7 ,nongrantor     
portions ,! t]m nongrantor portions     
means ! portions ( any tru/ n treat$ z  
own$ by any individual "u subp>t ,e ( "p
 ,i ( sub*apt] ,j ( *apt] #a ( !        
,int]nal ,rev5ue ,code ( #aihf4  7c7    

,net wor? ,= purposes ( ?is section--   
7#a7 ,9 g5]al ,! t]m net wor? means !   
fair m>ket value ( all assets z ( ! date
 ( ! enactm5t ( ?is ,act1 m9us ! value  
(-- 7,a7 any bona fide liabilities1 &   
7,b7 9 ! case ( an individual-- 7i7 !   
pr9cipal resid5ce ( su* individual 7)9 !
 mean+ ( section #aba ( ! ,int]nal      
,rev5ue ,code ( #aihf71 &  7ii7 any     
acquisition indebt$ness 7z def9$ 9      
section #afc7;h77#c77;,b7 ( su* ,code7 )
 respect to su* resid5ce4  7#b7 ,special
 rule = grantor portions ,! portions (  
any tru/ treat$ z own$ by any individual
 "u subp>t ,e ( "p ,i ( sub*apt] ,j (   
*apt] #a ( ! ,int]nal ,rev5ue ,code (   
#aihf %all be tak5 into acc\nt 9 det]m9+
 ! net wor? ( su* individual4  7d7      
,regulations ,! ,secret>y ( ! ,treasury 
%all prescribe su* regulations or o!r   
guidance z may be necess>y or           
appropriate to c>ry out ! purposes ( ?is
 section1 includ+ to provide = prop]    
allocations "u subsection 7b77#a77;,c74 
7e7 ,application ( c]ta9 rules ,=       

purposes ( subtitle ,f ( ! ,int]nal     
,rev5ue ,code ( #aihf 7relat+ to        
proc$ure & adm9i/ration71 ! tax impos$  
"u ?is section %all be treat$ z a tax   
impos$ "u subtitle ,d ( su* ,code4