Paying a Fair Share Act of 2025
Paying a Fair Share Act of 2025
Plain Language Summary
# Paying a Fair Share Act of 2025 - Summary **What the Bill Would Do:** The Paying a Fair Share Act of 2025 would establish a minimum tax rate on high-income earners and wealthy individuals. While specific details aren't available in the provided information, bills with this title typically propose a floor tax rate to ensure that households and individuals above a certain income threshold pay a minimum percentage of their income in federal taxes, regardless of deductions or tax avoidance strategies. **Who It Affects:** This bill would primarily affect high-income households and wealthy individuals—specifically those earning above a threshold that would be defined in the bill's language. It could also impact wealthy corporations, depending on the final provisions. **Current Status:** The bill was introduced in the 119th Congress by Representative Brendan Boyle (D-PA) and is currently in committee, meaning it's under review and has not yet advanced to a full House floor vote.
No additional legislative action has occurred at this time. *Note: Complete bill text details were not provided, so this summary reflects the general purpose suggested by the bill's title. For specific tax rates, income thresholds, and other provisions, you would need to review the full bill text on Congress.gov.*.
Latest Action
Referred to the House Committee on Ways and Means.