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]

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.)

Tracking Information

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Title

Save Social Security Act of 2017

Sponsors


History

DateChamberAction
2017-03-20HouseReferred to the House Committee on Ways and Means.
2017-03-20HouseIntroduced in House

Same As/Similar To

HB2855 (Related) 2017-06-20 - Referred to the Subcommittee on Social Security.

Subjects


US Congress State Sources


Bill Comments

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