Medicare Investment and Gun Violence Prevention Act

Key Points

• Restores a $200 tax on transferring certain regulated firearms and a $200 tax on making them; some “other weapon” transfers stay at $5.
• The change is meant to undo a prior removal of these firearm taxes and bring the taxes back under federal tax law.
• The bill says the money raised should support Medicare’s hospital insurance trust fund (Part A).
• Also provides an extra $1.7 billion for Medicare Part A for fiscal year 2026, available until spent.
• The tax changes would start for calendar quarters beginning more than 90 days after the bill becomes law.