Search Results: keywords:"social security trust fund"

  • S. 358 — To amend the Internal Revenue Code of 1986 to increase the threshold amounts for inclusion of Social Security benefits in income.
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    Status:Introduced in Senate
    Words:1,130

    S. 358, also known as the "RETIREES FIRST Act," proposes changes to the Internal Revenue Code to increase the income threshold for including Social Security benefits in taxable income. The bill sets new base amounts of $34,000 for single people and $68,000 for joint filers, with inflation...

    Simple Explanation

    S. 358 wants to make sure that people who get money from Social Security don’t have to pay taxes on it unless they earn a lot more money. It also wants to make sure that the money needed to make this change doesn’t take away from other important things the government spends money on.

  • H. R. 34 — To deposit portions of revenue generated from public lands into the Social Security Trust Fund.
    Status:Introduced in House
    Words:404

    H.R. 34, also known as the “Land And Social Security Optimization Act” or “LASSO Act,” proposes that each year, 10% of the revenue generated from public lands managed by the Department of the Interior and the Department of Agriculture should be deposited into the Federal...

    Simple Explanation

    The LASSO Act is about taking some of the money made from special lands like parks and seas and putting it into a big savings jar called the Social Security Trust Fund to help people when they get old. It also makes sure that this doesn't make things expensive or take money away from local places like states or Indian Tribes.

  • H. R. 10466 — To deposit portions of revenue generated from public lands into the Social Security Trust Fund.
    Status:Introduced in House
    Words:404

    H.R. 10466, known as the "Land And Social Security Optimization Act" or "LASSO Act," proposes that each year, 10% of the revenue collected by the Department of the Interior and the Department of Agriculture from activities on public lands is deposited into the Federal Old-Age...

    Simple Explanation

    The LASSO Act says that 10% of money made from fun stuff and important jobs done on public lands will help old people by going into their savings fund called Social Security. It makes sure no one will lose money they usually get, like states and tribes, from this plan.