HR 5852 · 113th Congress · Taxation

Scrap the Cap Act

Introduced 2014-12-11· Sponsored by Rep. Grayson, Alan [D-FL-9]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2014-12-11)

Plain Language Summary

[AI summary unavailable — showing source text] Scrap the Cap Act - Amends the Internal Revenue Code to eliminate the cap ($117,000 in 2014) on income that is subject to employment and self-employment taxes used to fund social security benefits.…

Summarized by Claude AI · Non-partisan · For informational purposes only