Maine Sen. Susan Collins (R) has filed an amendment to the One, Big Beautiful Bill Act that would raise the marginal tax rate on individuals who earn more than $25 million per year and couples who earn more than $50 million per year.
The amendment has a tough path to getting a simple majority vote, although Sen. Roger Marshall (R-Kan.) told reporters Monday morning he would back it.
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The amendment would create a new 39.6 percent tax bracket for individuals earning more than $25 million and couples earning more than $50 million and allocate the money toward doubling the rural hospital relief fund, which is now funded at $25 billion in the bill.
Collins’s amendment would double the size of the rural hospital relief fund to $50 billion.
The Senate bill as now drafted would allocate funding for rural hospital relief over five years in increments of $10 billion for two years, $2 billion for two years, then $1 billion.
Collins’s amendment would increase the first two installments of funding from $10 billion to $22.5 billion.
Updated at 11:17 a.m. EDT
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