# 119-hr-3271: Medicare and Social Security Fair Share Act

119-hr-3271, Medicare and Social Security Fair Share Act, is a 119th Congress bill sponsored by Rep. Boyle, Brendan F. [D-PA-2] (D-PA); status introduced; PRIA reads it as touching household money (as of 2026-10-31).

- Canonical: https://policyrisk.com/legislation/119-hr-3271
- As of: 2026-10-31
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-3271
- Congress: 119
- Title: Medicare and Social Security Fair Share Act
- Status: introduced
- Introduced: 2025-05-08
- Sponsor: Rep. Boyle, Brendan F. [D-PA-2] (D-PA)
- Cosponsors: 2
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-10-31

## Summary

**This bill would raise taxes on very high earners and direct that money to Social Security and Medicare.** It focuses on changing payroll taxes, self-employment taxes, and the net investment income tax to pull more revenue from high wages, business earnings, and unearned income. - Workers and employees: It would revise the Social Security wage base so that, when the existing base is under $400,000, earnings above the base but up to $400,000 become subject to payroll tax. It would also add a 1.2 percent Further Additional Hospital Insurance tax on wages above $500,000 for joint filers, $250,000 for separate filers, and $400,000 for other filers. - Self-employed people: It would change how net self-employment earnings are counted for Social Security and add the same 1.2 percent hospital insurance tax on high self-employment income above the same thresholds. It would bar a deduction for that additional tax. - High-income investors, trusts, and estates: It would expand and raise the net investment income tax with a phased rate up to 13.6 percent for individuals and an increase from 3.8 percent to 17.4 percent for trusts and estates. It would also require that revenues from that tax be transferred to the Old-Age and Survivors Insurance trust fund, Disability Insurance trust fund, and the Federal Hospital Insurance trust fund in specified shares (71.3 percent to OASI, 10.3 percent to DI, and 28.7 percent to HI) for taxable years after 2025.

## Cosponsors (2)

- Rep. Goodlander, Maggie [D-NH-2] (D-NH), 2026-10-13T00:00:00.000Z
- Rep. Magaziner, Seth [D-RI-2] (D-RI), 2026-10-29T00:00:00.000Z

## Provisions PRIA read

- Investment tax money for Social Security and Medicare: benefit, high. This bill would send investment‑tax revenue to Social Security and Medicare starting in 2026. About 71.3% would go to Social Security retirement, 10.3% to disability, and 28.7% to Medicare Hospital Insurance. Treasury would base the transfers on tax returns. This could strengthen funding for these…
- Higher investment taxes on high earners: cost, high. This bill would raise investment taxes for high‑income filers starting in 2026. If your modified AGI is over $500,000 (joint), $250,000 (separate), or $400,000 (others), you would owe an extra 13.6% on certain investment income, with a phase‑in on up to $100,000 of excess income ($50,000 if filing…
- Higher payroll taxes on high earners: cost, high. If enacted, high earners would pay more payroll tax. In years when the Social Security wage base is under $400,000, pay above that base and up to $400,000 would be taxed for Social Security. Pay from a predecessor employer in a merger would count, and railroad pay would follow the same approach. A…
- Much higher investment tax for trusts: cost, medium. If enacted, trusts and estates would face a higher investment tax starting in 2026. The Net Investment Income Tax rate would rise from 3.8% to 17.4%. The tax base would be the greater of undistributed specified net income or undistributed net investment income. This would raise taxes on many trusts…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-7481: Department of Homeland Security Appropriations Act, 2026
- 119-hr-6900: American Affordability Act of 2025
- 119-hr-7973: Momnibus Act
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-7853: PrEP Access and Coverage Act of 2026

## Sources
- [119-hr-3271 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/3271)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-7481: Department of Homeland Security Appropriations Act, 2026](https://policyrisk.com/legislation/119-hr-7481)
- [119-hr-6900: American Affordability Act of 2025](https://policyrisk.com/legislation/119-hr-6900)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-7853: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-hr-7853)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-3271 (as of 2026-10-31).