Paying a Fair Share Act of 2025

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 1243 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 1243 To ensure high-income earners pay a fair share of Federal taxes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES April 1 (legislative day, March 31), 2025 Mr. Whitehouse (for himself, Mr. Merkley, Mr. Blumenthal, Mr. Van Hollen, Mr. Durbin, Ms. Klobuchar, Mr. Reed, Ms. Hirono, Mr. Sanders, Ms. Baldwin, Ms. Warren, Mr. Booker, Mr. Welch, Ms. Smith, and Mr. Markey) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ 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 follow…