OFFICIAL LEGAL TITLE
Medicare and Social Security Fair Share Act
FREQUENTLY ASKED QUESTIONS
What is the official ID of this bill?
The official print number for this legislation is 119_HR_3271.
Which chamber initiated this legislation?
This legislation was initiated in the House of Representatives.
When did the legislative process begin?
The process officially started on 2025-05-08.
What are the main provisions?
Key points include:
- Individuals earning over $400,000 annually will pay Social Security contributions on their entire income, not just up to the current limit.
- An additional 1.2% Medicare tax will be introduced for individuals earning over $400,000 (single filers) or $500,000 (joint filers).
- Taxes on investment income for very high-income individuals will increase, with a portion of these revenues directed to Social Security and Medicare trust funds.
What is the specific legal status?
The current status is Introduced.
Where can I read the full text of this legislation?
The full official text is available at:
View full text
Who is the primary sponsor?
The primary sponsor is Rep. Boyle, Brendan F. [D-PA-2].
What is the latest detailed status?
The latest detailed status is: Referred to the House Committee on Ways and Means.
Is this summary verified?
Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.
What is the impact of this bill?
We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.