Senator Welch reintroduces the Billionaires Income Tax Act to ensure billionaires contribute fairly to taxes like regular Americans.
Quiver AI Summary
U.S. Senator Peter Welch, alongside 19 colleagues, has reintroduced the Billionaires Income Tax Act, aimed at ensuring billionaires contribute fairly in taxes. "Ultra-billionaires should pay their fair share," stated Welch, targeting tax code loopholes that allow the wealthy to pay lower rates than average workers.
The act, which builds on existing tax methods, is projected to raise over $500 billion by affecting fewer than 1,000 taxpayers with incomes exceeding $100 million or assets over $1 billion. It has garnered support from over 100 organizations and has been mirrored in the House by Representatives Steve Cohen and Don Beyer.
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Peter Welch Net Worth
Quiver Quantitative estimates that Peter Welch is worth $10.0M, as of September 23rd, 2025. This is the 106th highest net worth in Congress, per our live estimates.
Welch has approximately $5.8M invested in publicly traded assets which Quiver is able to track live.
You can track Peter Welch's net worth on Quiver Quantitative's politician page for Welch.
Peter Welch Bill Proposals
Here are some bills which have recently been proposed by Peter Welch:
- S.2835: A bill to support communities that host transmission lines and to promote conservation and recreation, and for other purposes.
- S.2797: A bill to amend the Consolidated Farm and Rural Development Act to provide for a pilot program under which development loans and loan guarantees may be made to beginning farmers and ranchers, and for other purposes.
- S.2775: A bill to require the Administrator of the National Oceanic and Atmospheric Administration to establish and maintain a database and webpage that is available to the public and contains information on the billion-dollar disasters that occur each year in the United States, and for other purposes.
- S.2717: Student Loan Deduction Act of 2025
- S.2672: SANCTIONS in the West Bank Act
- S.2455: TRAIN Act
You can track bills proposed by Peter Welch on Quiver Quantitative's politician page for Welch.
Peter Welch Fundraising
Peter Welch recently disclosed $16.8K of fundraising in a Q2 FEC disclosure filed on July 15th, 2025. This was the 817th most from all Q2 reports we have seen this year. 64.3% came from individual donors.
Welch disclosed $77.4K of spending. This was the 577th most from all Q2 reports we have seen from politicians so far this year.
Welch disclosed $1.7M of cash on hand at the end of the filing period. This was the 189th most from all Q2 reports we have seen this year.
You can see the disclosure here, or track Peter Welch's fundraising on Quiver Quantitative.
