Paying a Fair Share Act of 2025

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 2534 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 2534 To ensure high-income earners pay a fair share of Federal taxes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 1, 2025 Mr. Boyle of Pennsylvania (for himself, Mr. Khanna, and Ms. Norton) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To ensure high-income earners pay a fair share of Federal taxes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Paying a Fair Share Act of 2025''. SEC. 2. FAIR SHARE TAX ON HIGH-INCOME TAXPAYERS. (a) In General.--Subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new part: ``PART VIII--FAIR SHARE TAX ON HIGH-INCOME TAXPAYERS ``Sec. 59B. Fair share tax. ``SEC. 59B. FAIR SHARE TAX. ``(a) General Rule.-- ``(1) Phase-in of tax.--In the ca…