Bill · H.R. 4280· House(119-HR-4280)
Bipartisan Tax Fairness Act of 2025
- Introduced
- 7/2/2025
- Last activity
- 7/2/2025 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Brian Fitzpatrick
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
The Bipartisan Tax Fairness Act of 2025 aims to amend the Internal Revenue Code of 1986. This legislation seeks to make certain expiring income tax rates permanent. It also establishes a new top income tax rate. The bill updates tax tables for various filing statuses, including married individuals, heads of households, and unmarried individuals. Additionally, it modifies how inflation adjustments are handled. These changes are intended to take effect for taxable years beginning after December 31, 2025.
Yes· 3 of 4
Does this raise taxes on the highest earners?+5
The bill establishes a new higher top income tax rate for very high earners.
Would middle-income households be better off under this?+3
The bill provides tax rate stability for various income brackets.
Does this cut taxes for middle-income families?+3
The bill provides stability by making current income tax rates permanent.
The opposite· 3 of 4
Would people with substantial wealth be better off under this?-5
The new top rate of 39.6% applies to high earners with significant wealth.
Would the very wealthiest people be better off under this?-5
High income thresholds trigger the new, higher tax rate.
Would billionaires be better off under this?-5
The increased top rate impacts those with very high taxable incomes.
Who it would affect, and how
Potential Positive Impacts for People
-
Permanent Tax Rates: The bill makes certain expiring income tax rates permanent, which provides stability for different filing statuses (Section 2).
-
Updated Tax Tables: The bill provides new specific tax amounts and rates for various income levels for categories such as Married Individuals, Heads of Households, and Unmarried Individuals (Section 2(a), 2(b), and 2(c)).
-
Inflation Adjustments: The bill maintains a process for increasing minimum and maximum dollar amounts for tax brackets based on cost-of-living adjustments (Section 2(f)).
Potential Negative Impacts for People
- New Top Tax Rate: The bill establishes a new top income tax rate of 39.6% for income exceeding certain thresholds, such as $2,000,000 for married individuals filing joint returns (Section 2(a), 2(b), 2(c), and 2(d)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Middle Class Households+3Good For Billionaires-5Good For High Net Worth Individuals-5Good For Ultra High Net Worth Individuals-5Good For High Income Households-4
- Economy And Finance
- Increases Wealthy Taxes+5Reduces Middle Class Taxes+3Reduces National Debt+1
- 7/2/2025
- Referred to the House Committee on Ways and Means.
- 1 Cosponsor added.
- Introduced in House
Jared GoldenDemocrat · Maine