Bills · HR 609
IN COMMITTEE· 119TH CONGRESS
House BillHR 609MedicareInterest, dividends, interest rates
Assuring Medicare’s Promise Act of 2025
INTRO JAN 22· LAST ACTION JAN 22
READING
6MIN
COSPONSORS
57
READER REACTIONS0 TOTAL
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- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it directly addresses the financial health of Medicare's Hospital Insurance Trust Fund, which is projected to face significant funding shortfalls in the coming years. By dedicating the existing Net Investment Income Tax revenue to this fund and expanding the types of income subject to it for high earners, the bill aims to strengthen Medicare's ability to pay for hospital care for millions of Americans.
If this bill becomes law, it could help extend the solvency of Medicare Part A, potentially preventing future discussions about cuts to services or increased costs for beneficiaries. If it doesn't become law, the trust fund's financial challenges are expected to persist, raising concerns about Medicare's long-term sustainability and potentially requiring other measures to cover its costs.
KEY PROVISIONS
4AI-extractedPROVISION 01
Redirects the entire revenue from the 3.8% Net Investment Income Tax (NIIT) into the Federal Hospital Insurance Trust Fund.
This provides a dedicated and increased funding source specifically for Medicare Part A, enhancing its financial stability.
PROVISION 02
Expands the application of the 3.8% NIIT to include income from active trades or businesses for individuals, trusts, and estates with high incomes (over $400,000 for single filers, $500,000 for joint filers).
This broadens the tax base for the NIIT, ensuring that more types of income from wealthier individuals contribute to Medicare.
PROVISION 03
Clarifies that certain types of foreign income will be included when calculating net investment income subject to the tax.
This aims to prevent taxpayers from avoiding the NIIT through certain foreign investments.
PROVISION 04
Ensures that wages and self-employment income, which are already subject to other Medicare taxes, are explicitly excluded from the Net Investment Income Tax.
This prevents double taxation on income that is already contributing to Medicare through other payroll taxes.
SPONSORSHIP
1 + 57
D· Texas
YRS IN OFFICE
31
BILLS LED
26
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 57 REP 0 IND 0
ACTION TIMELINE
2 EVENTSJAN 22
Introduced in House
JAN 22
Referred to the House Committee on Ways and Means.
BILL INFO
TypeHouse Bill
NumberHR 609
Congress119th
StatusIn Committee
IntroducedJan 22, 2025
Last actionJan 22, 2025
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IN COMMITTEE· 119TH CONGRESS · WAYS AND MEANS COMMITTEE · INTRODUCED JAN 22, 2025
House BillHR 609MedicareInterest, dividends, interest rates
Assuring Medicare’s Promise Act of 2025
INTRODUCED JAN 22, 2025· LAST ACTION JAN 22, 2025
PASSAGE CHANCES
—%
READING
6 min
COSPONSORS
57
COMPLEXITY
Moderate
