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© 2026 Govwatch

S1690Referred to Committee

Medicare and Social Security Fair Share Act

Share:
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

  • Senate Committee on FinanceReferred To · 2025-05-08

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
Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

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