House Bill 2304
117th Congress(2021-2022)
Save Social Security Act of 2021
Introduced
Introduced in House on Apr 1, 2021
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2304
Congress
117
Policy Area
Health
Health
Primary focus of measure is science or practice of the diagnosis, treatment, and prevention of disease; health services administration and funding, including such programs as Medicare and Medicaid; health personnel and medical education; drug use and safety; health care coverage and insurance; health facilities. Measures concerning controlled substances and drug trafficking may fall under Crime and Law Enforcement policy area.
No House votes have been held for this bill.
Summary
Save Social Security Act of 2021
This bill modifies the requirements for Social Security payroll taxes and benefits to
- apply Social Security payroll taxes to annual income above $400,000,
- include earnings above $400,000 in the benefit formula, and
- increase to $100,000 the income threshold above which a portion of a taxpayer's Social Security benefits is included in gross income.
(Under current law, Social Security payroll taxes apply to the first $142,800 of income in 2021 and a portion of benefits is included in the gross income of individuals with certain income that exceeds specified thresholds, depending on the individual's filing status.)
April 1, 2021
04/01/2021
Referred to the Subcommittee on Social Security.
04/01/2021
Referred to the House Committee on Ways and Means.
04/01/2021
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:48:56 PM