HR. 4968In Committee
Protecting and Preserving Social Security Act
Eliminates the Social Security payroll tax cap over time and changes benefit and cost of living calculations, including protections for Medicaid and SSI eligibility
Plain-English overview
What this bill does
Eliminates the Social Security payroll tax cap over time and changes benefit and cost of living calculations, including protections for Medicaid and SSI eligibility
Key points
- Amend cost of living formula
- Prohibit benefit increases as countable income
- Modify benefit calculation methods
- Repeal taxable earnings cap
Current status
Where it stands
Status
In Committee
Latest action
2025-08-12 — Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Related context
Topics and policy areas
undefinedSocial Welfare