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© 2026 Govwatch

Press ReleaseNeutral2026-05-04

Murray and Wyden Target Billionaire Trusts, Introduce Landmark Legislation to Close Loopholes Sheltering Potentially Trillions in Untaxed Wealth

Patty Murray
Patty Murray
DWA · Senator
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TaxesForeign Policy

Context

This press release from Senator Patty Murray (D-WA) was published on 2026-05-04 and titled "Murray and Wyden Target Billionaire Trusts, Introduce Landmark Legislation to Close Loopholes Sheltering Potentially Tri". It focuses on taxes and touches on foreign policy.

Full Text

Murray and Wyden Target Billionaire Trusts, Introduce Landmark Legislation to Close Loopholes Sheltering Potentially Trillions in Untaxed Wealth

The Fair Trusts for Fiscal Responsibility Act cracks down on tax avoidance and ensures that millionaires and billionaires pay their fair share A conservative estimate projects Murray’s bill would generate $675 billion over ten years Senator Murray: “The revenue from this bill alone could extend the ACA tax credits AND provide high quality child care [ ] The post Murray and Wyden Target Billionaire Trusts, Introduce Landmark Legislation to Close Loopholes Sheltering Potentially Trillions in Untaxed Wealth appeared first on Senator Patty Murray .
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