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S5085FEDERALSession 119Federal Billin committee

Senate bill proposes inflation adjustments for high-income hospital insurance tax

Original title: A bill to amend the Internal Revenue Code of 1986 to apply inflation adjustments to the additional hospital insurance tax on high income taxpayers.

Last action · July 22, 2026: Read twice and referred to the Committee on Finance.Sponsor: John Kennedy

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

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What This Bill Would Do

This bill would require the federal government to adjust the for high-income earners to account for inflation. The change would modify how the tax threshold is calculated under the Internal Revenue Code of 1986.

Why it matters

If enacted, this measure would change the income threshold at which high-earners become subject to the , potentially reducing the number of taxpayers who qualify for the tax as inflation increases over time.

Who It Would Affect

Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.

Directly affected

high-income taxpayers

The tax liability for these individuals would change based on annual inflation adjustments to the tax threshold.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What is the additional hospital insurance tax?

It is a tax on high-income earners used to fund the Medicare Hospital Insurance Trust Fund.

How would inflation adjustments change this tax?

Currently, the income threshold for this tax is fixed; adjusting for inflation would raise that threshold annually, meaning fewer people might hit the tax limit as their wages rise with inflation.

What else do you want to know?

News Coverage

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Where This Stands

Currently in committee. The next step in the legislative lifecycle is Floor Vote.

Procedural history

2 actions

Jul 22, 2026SenateCommittee
Read twice and referred to the Committee on Finance.
Jul 22, 2026SenateIntroduced
Introduced in Senate

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

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Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Connected Entities

Internal Revenue Code of 1986, Senate Finance Committee

otherInternal Revenue Code of 1986“The federal tax code being amended by the bill.”Map →

OrganizationSenate Finance Committee“The Senate committee currently reviewing the bill.”Map →

Sources

Open source document

www.congress.gov

Analysis Score

0–100

Significance65
How much this matters to a regular citizen
Controversy50
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz20
Current news / social attention level

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