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House Bill Recommends Eliminating the Taxable Wage Ceiling

A bill introduced this week in the 117thCongress by Rep. Gwen Moore, D-Wis calls for expansion of benefits in several key areas, while eliminating the taxable wage cap and increasing the payroll tax from 6.2% to 6.5% over a six-year period. The bill, labeled the “Social Security Enhancement and Protection Act” (H.R. 5050), is outlined in a public relations document issued by Rep. Moore’s office…check it out here…

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