Tag: legistation
July 19, 2022
Proposed Law Would Increase the Social Security Taxable Wage Base
A bill has been introduced in Congress that, if passed, would substantially increase the amount of Social Security tax that some taxpayers pay. In addition, the Social Security Administration (SSA) recently projected what the Social Security wage base will be in 2023 and future years. Proposed Legislation On June 9, 2022, the “Social Security Expansion Act” was introduced in both the Senate and House by Senator Bernie Sanders (I-VT) and House Representative Peter DeFazio (D-OR). If passed, the bill would… Read more ›