S. 2614 · Where this bill is now
In committee
Introduced in the Senate, Jul 31, 2025
What this bill does
In plain words · AI-written from the official summaryRemoves cap on Social Security payroll taxes
Right now, there's a limit on how much of a person's yearly earnings can be taxed for Social Security—in 2025, that limit is $176,100. This bill would gradually eliminate that cap, so that Social Security payroll taxes would eventually apply to all earnings. It also changes how Social Security benefits are calculated and how cost-of-living increases are figured, using a method based on what people over 62 actually spend money on.
How it affects you
Higher earners would pay Social Security payroll taxes on income above the current cap once the phase-out is complete after 2031, which changes how much they contribute. People receiving Social Security would see their benefits calculated differently to include earnings that used to exceed the cap, and they'd get cost-of-living adjustments based on older adults' real spending patterns. The bill also protects increased benefits from affecting Medicaid or Supplemental Security Income eligibility for those who receive those programs.
Read the official 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 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 SessionS. 2614
A BILL
Protecting and Preserving Social Security Act
Sponsor: Sen. Mazie K. Hirono (D-HI) · Introduced Jul 31, 2025 · Social Welfare · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Jul 31, 2025: “Read twice and referred to the Committee on Finance.”