S1690Referred to Committee

Medicare and Social Security Fair Share Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-05-08
Introduced
5
Cosponsors
S
ⓘ
Type

Sponsor

Sheldon Whitehouse
Sheldon Whitehouse
Democrat · RI · Senator
Votes with party: 82.5% (857 recorded votes)

Full profile: /officials/W000802

Source: Congress.gov · FEC

Cosponsors (5)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

5 cosponsors on record at Congress.gov. The named list is syncing into Govwatch and will appear here shortly — view on Congress.gov in the meantime.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Finance.

2025-05-08

Source: Congress.gov

Committee Activity

Previously

Plain-English Summary

The proposal would increase Social Security and Medicare taxes on high-income earners by applying these payroll taxes to investment income like capital gains and dividends, not just wages. Currently, these taxes only apply to earned income up to a certain cap, so wealthy individuals who make most of their money from investments pay a smaller percentage of their total income in these taxes than middle-class workers do. The change would affect primarily high-income individuals and could generate additional revenue for Social Security and Medicare programs.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Taxation
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Related legislation

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