The House Ways and Means Social Security Subcommittee plans to debate his Social Security 2100: A Sacred Trust bill soon, Rep. John Larson, D-Conn., chairman of the House Ways and Means Social Security Subcommittee, told ThinkAdvisor in a recent email.
The legislation adopts the consumer price index for the elderly as the basis of the annual cost-of-living adjustment (COLA) and applies the payroll tax to annual wages above $400,000.
“We are in the process of working toward markup, which will be held hopefully very soon,” Larson said in the email.
Author(s): Melanie Waddell
Publication Date: 23 May 2022
Publication Site: Think Advisor