HR 2534
Paying a Fair Share Act of 2025
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 4:36 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Paying a Fair Share Act of 2025 proposes a new tax on high-income earners, specifically those with an adjusted gross income exceeding $1 million. This ‘fair share tax’ would be calculated as 30% of the excess of the taxpayer’s adjusted gross income over a modified charitable contribution deduction. The tax would phase in over time and is intended to increase federal revenue and contribute to deficit reduction. It also includes a clerical amendment to formally recognize the new tax section within the Internal Revenue Code.
Sponsors
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Primary sponsor
Cosponsors
Eleanor Holmes [D-DC-At Large] Norton
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