119th (2025–2027)
H.Res. 1468
H.Res. 1468 is a non-binding resolution encouraging Congress to reform the federal tax system so that all Americans pay taxes proportionally to their economic gains, regardless of whether that wealth comes from wages or investments. The resolution argues that the current tax code unfairly favors wealthy individuals whose income comes from capital gains, inheritance, and business appreciation over ordinary workers whose wages are taxed at the source, contributing to wealth inequality and the national debt now exceeding 39 trillion dollars. It highlights that mechanisms like unrealized capital gains deferrals, using appreciated assets as loan collateral, and tax-advantaged charitable vehicles allow the wealthiest Americans to accumulate substantial wealth while avoiding taxation that wage earners cannot escape. The resolution asks the House Ways and Means Committee to hold hearings on the disparate treatment of wage income versus capital-derived wealth under current law. This measure does not contain specific funding amounts or timelines, as it is an advisory resolution rather than legislative action.