This bill would create a 5% yearly tax on wealth over $1 billion and use the money for public benefits. It would send many households $3,000 rebates per person, expand health insurance tax credits, and add Medicare dental, hearing, and vision coverage. It would also fund affordable housing lower child care costs, set a $60,000 minimum salary for public school teachers, and expand home-based long-term care. Billionaires would face tougher IRS audits.