United States 119th Congress Status: In Committee 58 D cosponsors

HR 609 — Assuring Medicare’s Promise Act of 2025

Last action — Referred to the House Committee on Ways and Means.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the House. Introduced January 22, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the House.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Stalled 26% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 58 sponsors

    1 primary, 57 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (58 D).

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

HR 609 aims to improve tax policy for American families.

This bill proposes changes to tax policies that would impact American families. It has been introduced in the House and is under review by the Ways and Means Committee.

What this means for you
  • Families: This bill may lead to tax benefits that can lessen financial strain for families across the country.

Summary

Assuring Medicare’s Promise Act of 2025This 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 toinclude 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; andeliminate the exception related to certain active partnership or S corporation interests.The bill alsoexpands 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, andrequires the IRS to issue guidance on the treatment of certain corporate distributions for purposes of the net investment tax.

Bill Text

How this bill changes current law

3 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill amends existing law to include taxes from net investment income in the Federal Hospital Insurance Trust Fund.

  • 42 U.S.C. 1395i(a)

    the period at the end of paragraph (2) → ; and

    This change indicates the continuation of items in a list.

  • 42 U.S.C. 1395i(a)

    the taxes imposed by section 1411 of the Internal Revenue Code of 1986 reported to the Secretary of the Treasury or the Secretary's delegate on tax returns under subtitle F of such Code.

    This adds a new source of revenue (net investment income tax) to the Trust Fund provisions.

  • 42 U.S.C. 1395i(a)

    and

    This change indicates a continuation of list formatting.

Action History

  1. Introduced in House

  2. Introduced in House

  3. Referred to the House Committee on Ways and Means.

Sponsors

Sponsorship breakdown

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1 sponsors · 57 co-sponsors · 489 not signed on

Sponsors (1)

Co-sponsors (57)

Not signed on (489)

489 members have not signed on to this bill.

Show all 489 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation finance healthcare health-insurance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HR 609 do?
Assuring Medicare’s Promise Act of 2025This 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 toinclude 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; andeliminate the exception related to certain active partnership or S corporation interests.The bill alsoexpands 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, andrequires the IRS to issue guidance on the treatment of certain corporate distributions for purposes of the net investment tax.
Who sponsors HR 609?
HR 609 is sponsored by Doggett, Lloyd (Democratic), Adams, Alma S. (Democratic), Barragán, Nanette Diaz (Democratic), Boyle, Brendan F. (Democratic), Brownley, Julia (Democratic), Carson, André (Democratic), Casar, Greg (Democratic), Castro, Joaquin (Democratic), Chu, Judy (Democratic), Cohen, Steve (Democratic), Davis, Danny K. (Democratic), DeGette, Diana (Democratic), DeLauro, Rosa L. (Democratic), Deluzio, Christopher R. (Democratic), Dingell, Debbie (Democratic), Escobar, Veronica (Democratic), Espaillat, Adriano (Democratic), Fields, Cleo (Democratic), Frost, Maxwell (Democratic), Garamendi, John (Democratic), Goldman, Daniel S. (Democratic), Grijalva, Raúl M. (Democratic), Huffman, Jared (Democratic), Jayapal, Pramila (Democratic), Johnson, Henry C. "Hank" (Democratic), Khanna, Ro (Democratic), Lee, Summer L. (Democratic), Levin, Mike (Democratic), Moore, Gwen (Democratic), Norton, Eleanor Holmes (Democratic), Ocasio-Cortez, Alexandria (Democratic), Pingree, Chellie (Democratic), Pocan, Mark (Democratic), Ramirez, Delia C. (Democratic), Salinas, Andrea (Democratic), Sánchez, Linda T. (Democratic), Schakowsky, Janice D. (Democratic), Tlaib, Rashida (Democratic), Tonko, Paul (Democratic), Turner, Sylvester (Democratic), Veasey, Marc A. (Democratic), Velázquez, Nydia M. (Democratic), Williams, Nikema (Democratic), Wilson, Frederica S. (Democratic), Crockett, Jasmine (Democratic), Hoyle, Val T. (Democratic), Titus, Dina (Democratic), Thompson, Bennie G. (Democratic), DeSaulnier, Mark (Democratic), Sewell, Terri A. (Democratic), McGovern, James P. (Democratic), Nadler, Jerrold (Democratic), Ansari, Yassamin (Democratic), Johnson, Julie (Democratic), Lynch, Stephen F. (Democratic), Larson, John B. (Democratic), Stansbury, Melanie A. (Democratic), and Grijalva, Adelita S. (Democratic).
What is the current status of HR 609?
This bill is in committee in the House. Introduced January 22, 2025. It must pass committee before a floor vote.
Where can I track HR 609?
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