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Rep. Angie Craig Announces New Legislation to Eliminate Federal Taxes on Social Security Benefits
Link to the "You Earned it, You Keep It Act" (PDF) - https://craig.house.gov/sites/evo-subsites/craig.house.gov/files/evo-media-document/craig_035_xml17.pdf
But since "we" don't own any media to promote what "we" do (although as I understand it, the famous George Soros - or probably more accurately, his son, has been in the process of buying a majority stake of Audacy), then that means no one will ever know what "we" are actually doing.
(ETA - and since you edited your original post, Sens. Elizabeth Warren and Bernie Sanders have been harping on and drafting bills to do just that with respect to the top tier, for example this)
January 25, 2024
Press Release
Bill would help improve Social Security’s long-term solvency and reduce the federal debt
WEST ST. PAUL – Today, U.S. Representative Angie Craig announced new legislation to eliminate federal taxes on Social Security benefits for seniors.
Rep. Craig’s You Earned It, You Keep It Act would eliminate all federal taxes on Social Security benefits beginning in 2025 – putting money back into the pockets of retirees.
The bill would be paid for by raising the cap on the Social Security payroll tax, so higher-earning Americans continue paying into Social Security.
According to a non-partisan analysis, Rep. Craig’s bill would allow the Social Security Administration to continue making all payments on time and in full through 2054 – 20 years longer than the current projection of 2034.
The same analysis showed that the You Earned It, You Keep It Act would also reduce the federal debt by $8.9 trillion over 75 years.
“This bill is a win-win – it's a tax cut for seniors and a way to ensure more Americans can depend on the Social Security benefits they’ve earned. And on top of that, it’s fiscally responsible,” said Rep. Craig. “I’m leading the charge on this issue in Congress because we need to get money back in the pockets of middle-class Americans. The You Earned It, You Keep It Act will help us get it done.”
Reps. Ro Khanna (CA-17), Yadira Caraveo (CO-08), Don Davis (NC-01), Mary Peltola (AK-AL), Andrea Salinas (OR-06) and Hillary Scholten (MI-03) were original co-sponsors of the bill. Social Security Works, an organization dedicated to protecting and improving Social Security, endorsed Rep. Craig’s bill.
Click here to read the You Earned It, You Keep It Act.
###
Press Release
Bill would help improve Social Security’s long-term solvency and reduce the federal debt
WEST ST. PAUL – Today, U.S. Representative Angie Craig announced new legislation to eliminate federal taxes on Social Security benefits for seniors.
Rep. Craig’s You Earned It, You Keep It Act would eliminate all federal taxes on Social Security benefits beginning in 2025 – putting money back into the pockets of retirees.
The bill would be paid for by raising the cap on the Social Security payroll tax, so higher-earning Americans continue paying into Social Security.
According to a non-partisan analysis, Rep. Craig’s bill would allow the Social Security Administration to continue making all payments on time and in full through 2054 – 20 years longer than the current projection of 2034.
The same analysis showed that the You Earned It, You Keep It Act would also reduce the federal debt by $8.9 trillion over 75 years.
“This bill is a win-win – it's a tax cut for seniors and a way to ensure more Americans can depend on the Social Security benefits they’ve earned. And on top of that, it’s fiscally responsible,” said Rep. Craig. “I’m leading the charge on this issue in Congress because we need to get money back in the pockets of middle-class Americans. The You Earned It, You Keep It Act will help us get it done.”
Reps. Ro Khanna (CA-17), Yadira Caraveo (CO-08), Don Davis (NC-01), Mary Peltola (AK-AL), Andrea Salinas (OR-06) and Hillary Scholten (MI-03) were original co-sponsors of the bill. Social Security Works, an organization dedicated to protecting and improving Social Security, endorsed Rep. Craig’s bill.
Click here to read the You Earned It, You Keep It Act.
###
Link to the "You Earned it, You Keep It Act" (PDF) - https://craig.house.gov/sites/evo-subsites/craig.house.gov/files/evo-media-document/craig_035_xml17.pdf
But since "we" don't own any media to promote what "we" do (although as I understand it, the famous George Soros - or probably more accurately, his son, has been in the process of buying a majority stake of Audacy), then that means no one will ever know what "we" are actually doing.
(ETA - and since you edited your original post, Sens. Elizabeth Warren and Bernie Sanders have been harping on and drafting bills to do just that with respect to the top tier, for example this)
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