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H.R.2909

You Earned It, You Keep It Act

Introduced·4/14/25

The You Earned It, You Keep It Act aims to repeal the inclusion of Social Security benefits in gross income and adjust the Social Security benefit.

The You Earned It, You Keep It Act proposes significant changes to the Internal Revenue Code and the Social Security Act. It seeks to repeal the inclusion of Social Security benefits in gross income, meaning that these benefits would no longer be taxed. Additionally, the Act modifies the Social Security benefit formula to include a portion of earnings over $250,000 in the calculation of primary insurance amounts. This change is intended to ensure that higher earners contribute more to the Social Security system.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Ways And Means Committee
Next
Committee decision

Sponsors

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14
0
Democratic CaucusRepublican Caucus

History

Apr 14, 2025

House

Introduced in House

Apr 14, 2025

House

Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, 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.