3.0.0 671 2024-12-21T09:05:29Z 2024-12-21T09:05:29Z House H HR 2023-01-31 118 <pre>[Congressional Record Volume 169, Number 20 (Tuesday, January 31, 2023)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Ms. MOORE of Wisconsin:H.R. 671.Congress has the power to enact this legislation pursuantto the following:The Congress enacts this bill pursuant to Section 8 ofArticle I of the United States Constitution.[Page H578]</pre> hswm00 Ways and Means Committee House Standing hswm01 Social Security Subcommittee Referred to 2024-12-17T16:20:57Z Referred to 2023-01-31T15:00:40Z 2024-12-17 hswm01 Social Security Subcommittee 1 House committee actions Referred to the Subcommittee on Social Security. Committee 2023-01-31 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2023-01-31 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-01-31 Introduced in House IntroReferral 1000 9 Library of Congress M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 N S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2023-01-31 True N000002 Rep. Nadler, Jerrold [D-NY-12] JERROLD NADLER D NY 12 2023-03-28 False Social Welfare Employment taxes 2023-06-07T15:02:25Z Family relationships 2023-06-07T15:02:25Z Higher education 2023-06-07T15:02:25Z Social security and elderly assistance 2023-06-07T15:02:25Z Wages and earnings 2023-06-07T15:02:25Z Social Welfare 2023-03-02T21:30:18Z

00 2023-01-31 Introduced in House 2023-06-02T19:26:05Z <p><b>Social Security Enhancement and Protection Act of 2023</b></p> <p>This bill increases certain Social Security taxes and benefits.</p> <p>Under current law, Social Security has a <i>taxable earnings base</i>, which refers to the maximum amount of a worker's earnings that are subject to Social Security payroll taxes (set at $160,200 in 2023). Additionally, the taxable earnings base serves as the maximum amount of earnings used to calculate a worker's Social Security benefits.</p> <p>This bill gradually increases the Social Security payroll tax rate from 6.2% to 6.5% over six years. It also phases out the taxable earnings base, thereby applying the payroll taxes to a greater amount of a worker's earnings, and revises the method to calculate a worker's Social Security benefits to account for earnings in excess of the taxable earnings base.</p> <p>Other changes to benefits include establishing a new method to calculate benefits for lifetime low earners and increasing benefits for certain beneficiaries on account of long-term eligibility. In addition, an eligible child of a retired, disabled, or deceased worker may continue to receive benefits through age 26, provided the child is a full-time student.</p>

Display Title 45 2024-07-24T15:23:55Z Short Title(s) as Introduced 101 2024-05-24T13:42:43Z Introduced in House IH Official Title as Introduced 6 2024-03-18T20:15:59Z Introduced in House IH Introduced in House 2023-01-31T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr671ih/xml/BILLS-118hr671ih.xml 2024-12-17 Referred to the Subcommittee on Social Security. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.