A Democratic bill with 5 Democratic cosponsors · See all 5 cosponsors
Last activity — Read twice and referred to the Committee on Finance.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
The Medicare and Social Security Fair Share Act aims to increase funding for Social Security and Medicare by amending the Internal Revenue Code of 1986. It modifies payroll taxes by adjusting the wage base for employees and employers. The bill also imposes an additional hospital insurance tax on very high-income taxpayers. Furthermore, it modifies taxes on self-employment income and net investment income. These new revenues are directed toward the Federal Old-Age and Survivors, Federal Disability Insurance, and Federal Hospital Insurance Trust Funds.
Yes· 3 of 7
- Scored +8
Does this put more money into Medicare, the health coverage for people over 65?
The bill directs a portion of new taxes on net investment income specifically to the Federal Hospital Insurance Trust Fund.
- Scored +8
Does this strengthen Social Security?
The bill increases funding for the Federal Old-Age and Survivors Trust Fund through new tax revenues.
- Scored +7
Does this raise taxes on the highest earners?
The bill imposes a 1.2 percent additional tax on high-income wages and self-employment income, and increases the tax on net investment income for high earners.
The opposite
- Scored -7
Would high-income households be better off under this?
The bill imposes higher taxes on high-income wages, self-employment income, and net investment income.
- Scored -1
Does this raise the taxes companies pay?
The bill increases taxes on certain trusts and estates by increasing the rate from 3.8 percent to 17.4 percent.
- Scored -1
Does this reduce what the federal government spends?
The bill increases revenue through higher taxes on high earners rather than cutting current spending.
Who it would affect, and how
Potential Positive Impacts for People
-
Increased Funding for Social Security and Medicare: The bill directs portions of taxes from net investment income to the Federal Old-Age and Survivors Trust Fund, the Federal Disability Insurance Trust Fund, and the Federal Hospital Insurance Trust Fund (Section 4(d)).
-
Modified Payroll Tax Structure: The bill adjusts the wage base for taxes funding Social Security to a specific level related to a $400,000 threshold (Section 2(a)).
-
New Tax on High Earners for Hospital Insurance: A new tax of 1.2 percent is imposed on wages for certain high-income taxpayers to provide additional hospital insurance (Section 2(b)).
Potential Negative Impacts for People
-
New Tax on High-Income Wage Earners: A tax of 1.2 percent is imposed on wages received in excess of certain thresholds, such as $500,000 for joint returns or $400,000 for others (Section 2(b)(1)).
-
Additional Tax on Self-Employment Income: The bill imposes a 1.2 percent tax on self-employment income that exceeds specific high-income thresholds (Section 3(b)(1)).
-
Increased Tax on Net Investment Income: The bill modifies the tax on net investment income, which can include an increase of 13.6 percent for individuals whose modified adjusted gross income exceeds specific high-income thresholds (Section 4(a)).
-
Increased Tax Rates for Trusts and Estates: For certain trusts and estates, the tax rate is increased from 3.8 percent to 17.4 percent (Section 4(b)(1)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Economy And Finance
- Does this raise taxes on the highest earners? — The bill imposes a 1.2 percent additional tax on high-income wages and self-employment income, and increases the tax on net investment income for high earners. Does this make the government pay for what it commits to? — The bill provides new revenue streams to fund critical Social Security and Medicare trust funds. Does this raise the taxes companies pay? — The bill increases taxes on certain trusts and estates by increasing the rate from 3.8 percent to 17.4 percent. Does this reduce what the federal government spends? — The bill increases revenue through higher taxes on high earners rather than cutting current spending.
- Demographic And Interest Groups
- Would retired people be better off under this? — The bill strengthens the funding for Social Security and Medicare which are primary income sources for retirees. Would people over 65 be better off under this? — The bill increases the long-term solvency and funding of Social Security and Medicare. Would households on low incomes be better off under this? — The bill funds essential social safety nets primarily through taxes on high-income earners. Would high-income households be better off under this? — The bill imposes higher taxes on high-income wages, self-employment income, and net investment income.
- Healthcare
- Does this put more money into Medicare, the health coverage for people over 65? — The bill directs a portion of new taxes on net investment income specifically to the Federal Hospital Insurance Trust Fund.
- Social Issues And Justice
- Does this strengthen Social Security? — The bill increases funding for the Federal Old-Age and Survivors Trust Fund through new tax revenues.
- 7/20/2026
- 1 Cosponsor added.
- 5/12/2025
- 2 Cosponsors added.
- 5/8/2025
- Read twice and referred to the Committee on Finance.
- 2 Cosponsors added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Richard BlumenthalDemocrat · Connecticut
Cory BookerDemocrat · New Jersey
Ruben GallegoDemocrat · Arizona
Amy KlobucharDemocrat · Minnesota
Chris Van HollenDemocrat · Maryland