HR 3271
Medicare and Social Security Fair Share Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 13, 2026, 4:10 PM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Medicare and Social Security Fair Share Act proposes increasing funding for Social Security and Medicare by modifying payroll tax rules and adjusting tax rates on high-income earners. Specifically, it increases the wage base subject to Social Security taxes, implements a new 1.2% tax on wages exceeding $500,000 for joint returns and $400,000 for single filers, and adjusts the tax on self-employment income for high-income individuals. Additionally, the bill modifies taxes on unearned income and directs a portion of increased tax revenue to the Old-Age and Survivors, Disability Insurance, and Federal Hospital Insurance Trust Funds.
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