H.R. 609, titled the "Assuring Medicare’s Promise Act of 2025," aims to amend the Social Security Act and the Internal Revenue Code to incorporate the net investment income tax into the Federal Hospital Insurance Trust Fund. It also modifies how the net investment income tax applies to...
Simple Explanation
The "Assuring Medicare’s Promise Act of 2025" is a new rule that plans to use money from special taxes on the extra money that rich people make, like from selling stocks, to help pay for hospitals, and it wants rich people to pay more tax on their extra money to help others get healthcare.