HR 1631 · 115th Congress · Taxation

Save Social Security Act of 2017

Introduced 2017-03-20· Sponsored by Rep. Crist, Charlie [D-FL-13]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2017-03-20)

Plain Language Summary

[AI summary unavailable — showing source text] 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.)…

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

Cosponsors (1)

1 Democrat