Medicare and Social Security Fair Share Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 3271 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 3271 To amend the Internal Revenue Code of 1986 to increase funding for Social Security and Medicare. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 8, 2025 Mr. Boyle of Pennsylvania introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to increase funding for Social Security and Medicare. 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 ``Medicare and Social Security Fair Share Act''. SEC. 2. MODIFICATION OF PAYROLL TAXES. (a) Wage Base for Taxes Funding Social Security.-- (1) In general.--Paragraph (1) of section 3121(a) of the Internal Revenue Code of 1986 is amended to read as follows: ``(1) in the case of taxes imposed by sections 3101(a) and 3111(a), for any calendar year in which the contri…