Medicare Tax Fairness Act of 1990

Summary

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.

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Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 21 March 1990

  Open at official source

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