HR4535-118

Introduced

To amend the Internal Revenue Code of 1986 to increase funding for Social Security and Medicare.

118th Congress Introduced Jul 11, 2023

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill, To amend the Internal Revenue Code of 1986 to increase funding for Social Security and Medicare., changes federal law or congressional policy affecting workers, employers, and labor regulators. The main policy domain is Labor, Finance, Foreign Policy.

Who Benefits and How

workers, employers, and labor regulators may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.

Who Bears the Burden and How

federal implementing agencies, workers, employers, and labor regulators may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.

Key Provisions

  • Section HEE5C76774F2045F1848F083835685EFD: 1. Short title This Act may be cited as the Medicare and Social Security Fair Share Act.
  • Section HCE688B8A250041FE990432456C4B33C5: 2. Modification of payroll taxes Paragraph (1) of section 3121(a) of the Internal Revenue Code of 1986 is amended to read as follows: (1)in the case of taxes...
  • Section H88B974708F2C409E86FA1B0FE764AC4C: 3. Modification of taxes on self-employment income Paragraph (1) of section 1402(b) of the Internal Revenue Code of 1986 is amended to read as follows: (1)in...
  • Section H60694177996C46FB99FEEFEE3F84A9C7: 4. Taxes on unearned income Section 1411 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: (f)Additional...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

This bill, To amend the Internal Revenue Code of 1986 to increase funding for Social Security and Medicare., changes federal law or congressional policy affecting workers, employers, and labor regulators.

Key Policy Areas

Labor, Finance, Foreign Policy

Primary Purpose

This bill, To amend the Internal Revenue Code of 1986 to increase funding for Social Security and Medicare., changes federal law or congressional policy affecting workers, employers, and labor regulators.

Policy Domains

Labor Finance Foreign Policy

Whole bill

Identified Gains
  • workers, employers, and labor regulators
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
workers, employers, and labor regulators: ,
Identified Costs
  • federal implementing agencies
  • workers, employers, and labor regulators
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
federal implementing agencies: ,
workers, employers, and labor regulators: ,

Legislative Progress

Introduced
Introduced Committee Passed
Jul 11, 2023

Mr. Boyle of Pennsylvania introduced the following bill; which was …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Labor Finance Foreign Policy
Actor Mappings
"secretary_of_treasury"
→ Secretary of the Treasury

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology