Beyer and Van Hollen reintroduce a millionaire surtax to address income inequality and support working families.
Quiver AI Summary
Beyer and Van Hollen Reintroduce Millionaires Surtax Proposal: On Tax Day, U.S. Representative Don Beyer and Senator Chris Van Hollen unveiled their Millionaires Surtax Act, aiming to tackle income inequality by imposing an additional 10% tax on incomes over $2 million for couples and $1 million for individuals. The proposal aims to raise $1.5 trillion over the next decade, according to the nonpartisan Yale Budget Lab.
Legislation Details: The surtax would apply to various forms of income, including salary and investment earnings, and is designed to close loopholes that benefit wealthy individuals. Both legislators argue this reform is necessary for a fair tax system and would support funding for essential services such as education and healthcare.
Broad Support for the Proposal: The Millionaires Surtax has garnered backing from over 40 organizations across different sectors, with a recent poll showing over 58% of likely voters support the initiative, including significant support from traditional Republican voters. Advocates stress that addressing income disparity is crucial for fostering economic stability and equity in the tax system.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
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Donald S. Beyer, Jr. Fundraising
Donald S. Beyer, Jr. recently disclosed $269.1K of fundraising in a Q4 FEC disclosure filed on January 31st, 2026. This was the 368th most from all Q4 reports we have seen this year. 69.6% came from individual donors.
Beyer disclosed $247.8K of spending. This was the 296th most from all Q4 reports we have seen from politicians so far this year.
Beyer disclosed $584.8K of cash on hand at the end of the filing period. This was the 548th most from all Q4 reports we have seen this year.
You can see the disclosure here, or track Donald S. Beyer, Jr.'s fundraising on Quiver Quantitative.
Donald S. Beyer, Jr. Net Worth
Quiver Quantitative estimates that Donald S. Beyer, Jr. is worth $106.9M, as of April 15th, 2026. This is the 16th highest net worth in Congress, per our live estimates.
Beyer has approximately $906.7K invested in publicly traded assets which Quiver is able to track live.
You can track Donald S. Beyer, Jr.'s net worth on Quiver Quantitative's politician page for Beyer.
Donald S. Beyer, Jr. Bill Proposals
Here are some bills which have recently been proposed by Donald S. Beyer, Jr.:
- H.R.8094: AI Foundation Model Transparency Act of 2026
- H.R.8031: GUARDRAILS Act
- H.R.7937: Working Americans’ Tax Cut Act
- H.R.7684: To direct the Administrator of the Environmental Protection Agency to conduct a study, and publish guidance on, calculating and reporting scope 3 emissions.
- H.R.7524: Older Workers’ Bureau Act
- H.R.7486: Protecting Hospitals from Disaster Act of 2026
You can track bills proposed by Donald S. Beyer, Jr. on Quiver Quantitative's politician page for Beyer.
2026 Virginia's 8th Congressional District Election
There has been approximately $3,969,131 of spending in Virginia's 8th congressional district elections over the last two years, per our estimates.
Approximately $75,280 of this has been from outside spending by PACs and Super PACs.
The rating for this race is currently "Solid D".
You can track this election on our matchup page for the 2026 Virginia's 8th congressional district election.
