Protecting and Preserving Social Security Act
Official title: To amend title II of the Social Security Act and the Internal Revenue Code of 1986 to make improvements in the old-age, survivors, and disability insurance program.
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Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and 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.
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.
- Introduced in House Formatted Text PDF Formatted XML
- NATIONAL COMMITTEE TO PRESERVE SOCIAL SECURITY AND MEDICARE
- MARIA FREESE
- TREA SENIOR CITIZENS LEAGUE
- PHARMAVITE LLC
- NATIONAL COMMITTEE TO PRESERVE SOCIAL SECURITY AND MEDICARE
- MARIA FREESE
Bodies those filers lobbied
- HOUSE OF REPRESENTATIVES
- SENATE
- Labor, Dept of (DOL)
- Administration on Aging
- Executive Office of the President (EOP)
- Justice, Dept of (DOJ)
- Office of Management & Budget (OMB)
- Office of Personnel Management (OPM)
Cite this page
U.S. Congress. (2026). H.R. 4968: Protecting and Preserving Social Security Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-4968/
"H.R. 4968: Protecting and Preserving Social Security Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-4968/.
H.R. 4968, 119th Cong. (2026), https://openamerica.io/bill/119-HR-4968/.
[H.R. 4968: Protecting and Preserving Social Security Act](https://openamerica.io/bill/119-HR-4968/)