A bill to amend the Internal Revenue Code of 1986 to apply inflation adjustments to the additional hospital insurance tax on high income taxpayers.

John Kennedy

Republican · LA · Senator

Source: Congress.gov · FEC

No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.

Read twice and referred to the Committee on Finance.

2026-07-22

Source: Congress.gov

The proposal would adjust the income thresholds for the additional Medicare hospital insurance tax that applies to high earners, so that the tax brackets increase along with inflation each year. Currently, these thresholds remain fixed, meaning more middle-class workers get caught by the tax over time even if their real income hasn't changed. This change would affect higher-income individuals and married couples who pay this extra 0.9% tax on wages and self-employment income above certain income levels.

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.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 5085 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 5085 To amend the Internal Revenue Code of 1986 to apply inflation adjustments to the additional hospital insurance tax on high income taxpayers. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES July 22, 2026 Mr. Kennedy introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to apply inflation adjustments to the additional hospital insurance tax on high income taxpayers. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. INFLATION ADJUSTMENT. (a) Employment Taxes.--Section 3101 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: ``(d) Inflation Adjustments.-- ``(1) In general.--In the case of any calendar year beginning after 2026, each of the dollar amounts in subparagraphs (A) and (C) of subsection (b)(2) shall be increased by an amount equal to-- ``(A) such dollar amount, multiplied by ``(B) the cost-of-living adjustment determined under section (1)(f)(3) for such calendar year, determined by substituting `calendar year 2025' for `calendar year 2016' in subparagraph (A)(ii) thereof. ``(2) Rounding.--If any amount as adjusted under paragraph (1) is not a multiple of $1,000, such amount shall be rounded to the next highest multiple of $1,000.''. (b) Self-Employment Taxes.--Section 1401 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: ``(d) Inflation Adjustments.-- ``(1) In general.--In the case of any taxable year beginning after 2026, each of the dollar amounts in clauses (i) and (iii) of subsection (b)(2)(A) shall be increased by an amount equal to-- ``(A) such dollar amount, multiplied by ``(B) the cost-of-living adjustment determined under section (1)(f)(3) for the calendar year in which the taxable year begins, determined by substituting `calendar year 2025' for `calendar year 2016' in subparagraph (A)(ii) thereof. ``(2) Rounding.--If any amount as adjusted under paragraph (1) is not a multiple of $1,000, such amount shall be rounded to the next highest multiple of $1,000.''. <all>

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