A bill to amend the Internal Revenue Code of 1986 to apply inflation adjustments to the additional hospital insurance tax on high income taxpayers.
Read twice and referred to the Committee on Finance.
Summary
The bill would change the Internal Revenue Code so that the extra Medicare hospital insurance tax on high‑income taxpayers is adjusted each year for inflation. It affects individuals whose earnings exceed the threshold for that tax, preventing inflation from automatically pulling more people into the tax. This ensures the tax targets only those whose real income is above the intended level.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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