H.R. 5852 · 113th Congress
Scrap the Cap Act
- Stage
- In committee
- Sponsor
- Alan Grayson
- Introduced
- 2014-12-11
- Latest action
- 2014-12-11 · Introduced in House
Summary
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.