Bill > HR6236

This bill, known as the BOOST Act of 2025, proposes to establish a universal payment program for adults between the ages of 19 and 67 who are U.S. residents, citizens, or qualified aliens, providing them with a monthly assistance payment of $250, which will be adjusted for inflation annually starting in 2026. This program will be administered by a newly created Office of Universal Adult Assistance within the Social Security Administration, headed by a Deputy Commissioner, and the payments will not be considered income for tax purposes or for determining eligibility for other federal, state, or local assistance programs. To fund this initiative, the bill also introduces a new supplemental individual income tax of 2.5% on adjusted gross income exceeding an exemption amount of $60,000 for joint filers and $30,000 for others, with this exemption amount also adjusted for inflation annually starting in 2026, and importantly, this new tax cannot be reduced by any other tax credits or deductions.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/6236/all-info