You Earned It, You Keep It Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 2909 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 2909 To amend the Internal Revenue Code of 1986 to repeal the inclusion in gross income of social security benefits, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 14, 2025 Ms. Craig (for herself, Mr. Khanna, Ms. Pettersen, Mr. Casten, and Mr. Riley of New York) introduced the following bill; which was 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 _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to repeal the inclusion in gross income of social security benefits, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``You Earned It, You Keep It Act''. SEC. 2. REPEAL OF INCLUSION IN GROSS INCOME OF SOCIAL SECURITY BENEFITS. (a) In General.--Section 86 of the Internal Revenue Code of 1986 (relating to social security benefits) is amended by adding at the end the following new subsection: ``(g) Termination.--This section shall not apply to any taxable year beginning after the date of the enactment of this subsection.''. (b) Social Security Trust Funds Held Harmless.--There are hereby appropriated (out of any money in the Treasury not otherwise appropriated) for each fiscal year to each fund under the Social Security Act (including the Federal Hospital Insurance Trust Fund) or the Railroad Retirement Act of 1974 an amount equal to the reduction in the transfers to such fund for such fiscal year by reason o