H.R. 4968 · Where this bill is now
In committee
Introduced in the House, sent 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, Aug 12, 2025
What this bill does
In plain words · AI-written from the official summaryRemoves Social Security payroll tax income cap
Social Security currently has a limit on how much of a worker's earnings get taxed for Social Security and counted toward their benefits. This bill would gradually eliminate that cap starting after 2031, so Social Security taxes would apply to all earnings no matter how high. It also changes how benefits are calculated for people who earn above the current limit and adjusts how cost-of-living increases are figured based on what people over 62 actually spend money on.
How it affects you
Workers earning above the current Social Security income cap would face additional payroll taxes on their income. In return, their Social Security benefits would be calculated differently to reflect their higher earnings. The way benefits grow each year could also change slightly for people over 62, though the bill protects beneficiaries from losing Medicaid or Supplemental Security Income as a result of benefit increases.
Read the official summary (Introduced in House, Aug 12, 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 AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 4968
A BILL
Protecting and Preserving Social Security Act
Sponsor: Rep. Jill N. Tokuda (D-HI-2) · Introduced Aug 12, 2025 · Social Welfare · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Aug 12, 2025: “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.”