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New Bill Boosts Social Security Benefits $150 Per Month
News January 06, 2026 at 01:31 PM
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What You Need To Know
- The bill would phase out the payroll tax cap and calculate COLAs using the Consumer Price Index for the Elderly.
- The additional wages subject to payroll tax would be taken into account when calculating benefits.
- Sen. Brian Schatz's bill was last introduced in 2015.
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