Medicare Tax Fairness Act of 1990

[AI summary unavailable — showing source text] Medicare Tax Fairness Act of 1990 - Amends the Social Security Act to extend the Medicare tax to all wages. Amends the Internal Revenue Code to reduce employment taxes after December 31, 1990. Imposes a health insurance enhancement tax on a percentage of an individual's unearned income. Establishes the Health Insurance Enhancement Trust Fund to receive proceeds from the health insurance enhancement tax. States that such trust fund consists of: (1) the Low-Income Health Insurance Assistance Account, providing grants to States for programs assisting low-income individuals to obtain health insurance; and (2) the Catastrophic Health Insurance Reserve Account to carry out Federal catastrophic health insurance programs for elderly individuals.…