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Making Current Income Tax Rates Permanent and Adding a New Top Rate.

This bill aims to permanently secure the current income tax rates for most citizens, preventing their scheduled expiration. Crucially, it establishes a new, higher top marginal tax rate of 39.6% for the highest earners and couples. These modifications provide tax stability for middle-income brackets while increasing the tax burden on the wealthiest individuals, effective starting in 2026.
Key points
Current income tax rates (10% through 37%) are made permanent, offering financial stability for most taxpayers.
A new, highest marginal tax rate of 39.6% is created for taxable incomes exceeding specific high thresholds (e.g., $2,000,000 for joint filers).
The rules for adjusting tax brackets based on inflation are modified, using 2017 as the new base year.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_4280
Sponsor: Rep. Fitzpatrick, Brian K. [R-PA-1]
Process start date: 2025-07-02
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Bipartisan Tax Fairness Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_4280.

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 2025-07-02.

What are the main provisions?

Key points include:

  • Current income tax rates (10% through 37%) are made permanent, offering financial stability for most taxpayers.
  • A new, highest marginal tax rate of 39.6% is created for taxable incomes exceeding specific high thresholds (e.g., $2,000,000 for joint filers).
  • The rules for adjusting tax brackets based on inflation are modified, using 2017 as the new base year.
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. Fitzpatrick, Brian K. [R-PA-1].

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 2025-12-31.

CATEGORIES

Taxes