The BOOST Act would establish a universal payment program that provides $250 monthly to all American adults aged 19 to 67, beginning in 2026, with payments adjusted annually for inflation. To fund the program, the bill creates a new 2.5 percent supplemental income tax on adjusted gross income above $60,000 for joint filers (and $30,000 for others), also with annual inflation adjustments. The legislation places administration of the adult assistance payments within the Social Security Administration and specifies that these payments would not count as income for purposes of determining eligibility for other federal, state, or local benefits. The bill requires the program administrator to submit annual reports to Congress detailing payment statistics and demographic information about recipients. This proposal would affect approximately 200 million U.S. adults and would substantially increase the take-home pay of workers while creating a new revenue stream to finance the program.
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