S. 2614 · 119th Congress
Protecting and Preserving Social Security Act
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D
HironoSponsor2 cosponsors · 2 D
2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill eliminates the cap on income subject to Social Security taxes and revises methods for calculating various aspects of Social Security benefits.
What it does: CRS summary · Introduced in Senate · Jul 31, 2025
Protecting and Preserving Social Security Act
This bill eliminates the cap on income subject to Social Security taxes and revises methods for calculating various aspects of Social Security benefits.
Under current law, Social Security has a taxable maximum, which refers to the maximum amount of a worker's earnings that are subject to Social Security payroll taxes (set at $176,100 in 2025). The taxable maximum also serves as the maximum amount of earnings used to calculate a worker's Social Security benefits.
This bill phases out the taxable maximum so as to apply payroll taxes to all earnings after 2031, and revises the method used to calculate a worker’s Social Security benefits to account for earnings in excess of the taxable maximum.
The bill also revises the method of calculating cost-of-living adjustments to Social Security benefits to reflect the spending habits of individuals over the age of 62. An increase in Social Security benefits resulting from this change may not be treated as income for purposes of determining eligibility for, or the amount of assistance provided under, the Medicaid or Supplemental Security Income programs.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Protecting and Preserving Social Security Act
Latest action (Jul 31, 2025): Read twice and referred to the Committee on Finance.
Policy area: Social Welfare · Origin: Senate · Introduced: Jul 31, 2025
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.