Assuring Medicare’s Promise Act of 2025
Official title: To amend the Social Security Act and the Internal Revenue Code of 1986 to include net investment income tax imposed in the Federal Hospital Insurance Trust Fun… Show full official titleShow less
Official title: To amend the Social Security Act and the Internal Revenue Code of 1986 to include net investment income tax imposed in the Federal Hospital Insurance Trust Fund and to modify the net investment income tax.
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Referred to the House Committee on Ways and Means.
Assuring Medicare’s Promise Act of 2025
This bill increases the net investment tax for certain taxpayers and appropriates revenue from the net investment tax to the Federal Hospital Insurance Trust Fund (which finances Medicare Part A). The bill also requires the Internal Revenue Service (IRS) to issue additional guidance on the net investment tax.
The bill requires individuals with a modified adjusted gross income (MAGI) exceeding $400,000 ($500,000 for joint filers and $250,000 for married individuals filing separately), estates, and trusts to pay a tax of 3.8% on the greater of their specified net income or net investment income, subject to limitations. (Under current law, individuals with a MAGI exceeding $200,000 [or $250,000 for joint filers], estates, and trusts pay a 3.8% tax on net investment income.)
The bill defines specified net income by expanding the definition of net investment income to
- include gross income from any trade or business (unless subject to employment taxes), including interest, dividends, annuities, royalties, and rents;
- include net gain from the disposition of business property;
- eliminate the exclusion of income from the investment of working capital; and
- eliminate the exception related to certain active partnership or S corporation interests.
The bill also
- expands the net investment tax definition of a trade or business,
- disallows net operating losses in calculating net investment income,
- includes certain foreign-sourced income in net investment income, and
- requires the IRS to issue guidance on the treatment of certain corporate distributions for purposes of the net investment tax.
- Introduced in House Formatted Text PDF Formatted XML
- NEW VENTURE FUND
- NATIONAL COMMITTEE TO PRESERVE SOCIAL SECURITY AND MEDICARE
- NEW VENTURE FUND
- NATIONAL COMMITTEE TO PRESERVE SOCIAL SECURITY AND MEDICARE
- NEW VENTURE FUND
- NATIONAL COMMITTEE TO PRESERVE SOCIAL SECURITY AND MEDICARE
Bodies those filers lobbied
- HOUSE OF REPRESENTATIVES
- SENATE
- Treasury, Dept of
- Administration on Aging
- Centers For Medicare and Medicaid Services (CMS)
- Commerce, Dept of (DOC)
- Executive Office of the President (EOP)
- Food & Drug Administration (FDA)
Cite this page
U.S. Congress. (2026). H.R. 609: Assuring Medicare’s Promise Act of 2025. 119th Congress. Open America. https://openamerica.io/bill/119-HR-609/
"H.R. 609: Assuring Medicare’s Promise Act of 2025." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-609/.
H.R. 609, 119th Cong. (2026), https://openamerica.io/bill/119-HR-609/.
[H.R. 609: Assuring Medicare’s Promise Act of 2025](https://openamerica.io/bill/119-HR-609/)