Referred to the Committee on Ways and Means, and in addition to the Committee on 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.
The Strengthening Social Security Act of 2026 makes three key changes to Social Security's finances and benefits. Beginning in 2028, it gradually removes the payroll tax cap on high earners' wages, phasing in taxation of earnings above the current threshold starting at 80 percent and reaching full taxation by 2032, which will increase revenue from higher-income workers and self-employed individuals. Starting in September 2027, the bill changes how annual cost-of-living adjustments are calculated for Social Security benefits by using a Consumer Price Index designed specifically for elderly consumers rather than the general population, better reflecting retirees' actual spending patterns. The legislation also protects Supplemental Security Income recipients from losing benefits as a result of these changes by ensuring their benefits are calculated based on the old rules, preventing indirect harm to this vulnerable population.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.