US HB1631 | 2017-2018 | 115th Congress
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on March 20 2017 - 25% progression, died in committee
Action: 2017-03-20 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 20 2017 - 25% progression, died in committee
Action: 2017-03-20 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Save Social Security Act of 2017 This bill amends the Internal Revenue Code and title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to: (1) apply Social Security payroll taxes to annual income above $300,000; (2) include earnings above $300,000 in the benefit formula; and (3) increase to $100,000 the income threshold above which Social Security benefits are included in gross income. (Under current law, Social Security payroll taxes apply to the first $127,200 of income in 2017 and benefits are included in the gross income of individuals with certain income that exceeds thresholds of $0, $25,000, or $32,000, depending on the individual's filing status.)
Title
Save Social Security Act of 2017
Sponsors
Rep. Charlie Crist [D-FL] | Rep. Gregorio Sablan [D-MP] |
History
Date | Chamber | Action |
---|---|---|
2017-03-20 | House | Referred to the House Committee on Ways and Means. |
2017-03-20 | House | Introduced in House |
Same As/Similar To
HB2855 (Related) 2017-06-20 - Referred to the Subcommittee on Social Security.
Subjects
Employment taxes
Government trust funds
Income tax exclusion
Self-employed
Social security and elderly assistance
Taxation
Wages and earnings
Government trust funds
Income tax exclusion
Self-employed
Social security and elderly assistance
Taxation
Wages and earnings
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/house-bill/1631/all-info |
Text | https://www.congress.gov/115/bills/hr1631/BILLS-115hr1631ih.pdf |