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Rep. DeFazio Statement on Social Security
Washington, DC- Rep. Peter DeFazio (OR-04) released the following statement today to highlight the week the country’s millionaires will finish paying their Social Security payroll taxes for the year.
“This week, Americans making more than one million dollars a year will get a tax break. Not because Congress approved one, but because they’ve already reached the maximum amount of income that is subject to the Social Security tax. That’s right – those making more than one million dollars have already reached the income cap of $118,500, and we’re not even six weeks into the year. Read More…