To amend the Internal Revenue Code of 1986 to revise the Medicare tax, to impose a health insurance enhancement tax, and to set aside a portion of the revenues from such taxes for low-income and catastrophic health insurance programs.
Medicare Tax Fairness Act of 1990 - Amends the Social Security Act to extend the Medicare tax to all wages.
Amends the Internal Revenue Code to reduce employment taxes after December 31, 1990.
Imposes a health insurance enhancement tax on a percentage of an individual's unearned income.
Establishes the Health Insurance Enhancement Trust Fund to receive proceeds from the health insurance enhancement tax. States that such trust fund consists of: (1) the Low-Income Health Insurance Assistance Account, providing grants to States for programs assisting low-income individuals to obtain health insurance; and (2) the Catastrophic Health Insurance Reserve Account to carry out Federal catastrophic health insurance programs for elderly individuals.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Referred to the Subcommittee on Health.
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