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H.R. 5852

BillFederalHouseIn Committee
Scrap the Cap Act
About This Bill
Committee
Latest Action · December 11, 2014
Referred to the House Committee on Ways and Means.
Congress
113th (2013–2015)
Introduced
December 11, 2014
Cosponsors (0)
None
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Summary

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Scrap the Cap Act - Amends the Internal Revenue Code to eliminate the cap ($117,000 in 2014) on income that is subject to employment and self-employment taxes used to fund social security benefits.

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