Bill · H.R. 2266· House(119-HR-2266)
RETIREES FIRST Act
- Introduced
- 3/21/2025
- Last activity
- 3/21/2025 — Referred to the Committee on Ways and Means, and in addition to the Committee on Appropriations, 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.
- Sponsored by
- Nicole Malliotakis
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, known as the "RETIREES FIRST Act," aims to change how Social Security benefits are included in taxable income. It proposes increasing the threshold amounts that determine how much of those benefits are taxed. The bill includes provisions to adjust these base amounts for inflation starting after 2025. To fund these changes, the act appropriates money to ensure Social Security and Railroad Retirement Trust Funds are held harmless. Additionally, it seeks to rescind certain non-security discretionary appropriations to cover the costs.
Yes· 3 of 4
Would retired people be better off under this?+8
The bill specifically aims to provide tax relief and inflation protection for retirees.
Would people over 65 be better off under this?+7
The bill directly provides tax relief and inflation protection for Social Security recipients.
Does this strengthen Social Security?+6
The bill increases thresholds and includes inflation adjustments to protect Social Security benefits.
The opposite
Does this reduce what the federal government spends?-4
The bill rescinds non-security discretionary appropriations to fund the tax relief.
Who it would affect, and how
Potential Positive Impacts for People
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Tax Relief for Retirees: The bill increases the threshold for including Social Security benefits in gross income (Section 2(a) and 2(b)). This could result in less of a retiree's benefits being counted as taxable income.
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Inflation Protection: The base amounts used to calculate taxable Social Security benefits will be increased annually by a cost-of-living adjustment (Section 2(b)(2)). This helps ensure the tax thresholds keep up with inflation.
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Protection of Social Security Funds: The act appropriates money from the Treasury to the Social Security and Railroad Retirement Trust Funds to make up for any reductions caused by the new tax rules (Section 2(c)).
Potential Negative Impacts for People
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Reduction in Government Spending: The bill rescinds amounts from regular annual appropriation Acts on a pro rata basis to cover the costs of the tax changes (Section 3(a)). This could result in less funding for various programs, projects, and activities under the jurisdiction of Senate Appropriations subcommittees.
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Exclusion of Security Funding: While the bill rescinds non-security discretionary appropriations, it specifically excludes security category appropriations from these rescissions (Section 3(c)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Retirees+8Good For Seniors+7
- Social Issues And Justice
- Improves Social Security+6
- Economy And Finance
- Reduces Middle Class Taxes+5Reduces Government Spending-4
- 3/21/2025
- Referred to the Committee on Ways and Means, and in addition to the Committee on Appropriations, 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.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.