Bills · HR 3271
IN COMMITTEE· 119TH CONGRESS
House BillHR 3271Taxation
Medicare and Social Security Fair Share Act
INTRO MAY 8· LAST ACTION MAY 8
READING
13MIN
COSPONSORS
0
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it proposes a significant change to how Social Security and Medicare are funded, two vital programs that provide retirement, disability, and healthcare benefits to millions of Americans. By increasing the amount of taxes paid by very high earners, the bill aims to strengthen the financial solvency of these programs. If this bill becomes law, it would mean higher tax contributions from top earners, potentially shoring up funds for future benefits and addressing concerns about the long-term health of Social Security and Medicare.
Without this bill, or similar measures, Social Security and Medicare face projected funding shortfalls, which could lead to reduced benefits or other financial pressures in the future. Voters should care because these changes could impact the stability of programs that many current and future retirees rely on, by altering who contributes and how much. It represents a policy choice about how the burden of funding these programs is distributed across different income levels.
KEY PROVISIONS
4AI-extractedPROVISION 01
Changes Social Security payroll taxes so that earnings above $400,000 are subject to tax, while earnings between the current cap and $400,000 are not.
This provision aims to increase Social Security's funding by making very high earners contribute more to the program.
PROVISION 02
Establishes a new, additional 1.2% Medicare tax on wages and self-employment income that exceed $400,000 for individuals and $500,000 for married couples filing jointly.
This new tax directly increases funding for Medicare from very high-income taxpayers.
PROVISION 03
Applies these new tax rules consistently to both wages earned as an employee and income from self-employment.
This ensures that high-income individuals contribute similarly to Social Security and Medicare regardless of how they earn their income.
PROVISION 04
Includes special rules for 'successor employers' to ensure the Social Security wage base is correctly applied when a business changes ownership.
This prevents tax avoidance loopholes when employees move from a predecessor employer to a successor employer within the same calendar year.
SPONSORSHIP
1 + 0
D· Pennsylvania
YRS IN OFFICE
11
BILLS LED
21
ACTION TIMELINE
2 EVENTSMAY 8
Introduced in House
MAY 8
Referred to the House Committee on Ways and Means.
BILL INFO
TypeHouse Bill
NumberHR 3271
Congress119th
StatusIn Committee
IntroducedMay 8, 2025
Last actionMay 8, 2025
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IN COMMITTEE· 119TH CONGRESS · WAYS AND MEANS COMMITTEE · INTRODUCED MAY 8, 2025
House BillHR 3271Taxation
Medicare and Social Security Fair Share Act
INTRODUCED MAY 8, 2025· LAST ACTION MAY 8, 2025
PASSAGE CHANCES
—%
READING
13 min
COSPONSORS
0
COMPLEXITY
Moderate
