CONGRESS FOR VOTERS

RepublicanBill · S. 5084· Senate(119-S-5084)

A bill to amend the Internal Revenue Code of 1986 to apply inflation adjustments to the base amount and adjusted base amount for purposes of determining taxable social security benefits.

Rep. Kennedy
Age: 75 years
Louisiana
Introduced
7/22/2026
Last activity
7/22/2026 — Read twice and referred to the Committee on Finance.
Sponsored by
John Kennedy
Cosponsors
None
Taxation
  1. Introduced
  2. In Committee

What this bill would do

This bill proposes an amendment to the Internal Revenue Code of 1986. It aims to apply inflation adjustments to specific dollar amounts used to determine taxable Social Security benefits. These adjustments would apply to taxable years beginning after 2026. The adjustment is calculated using a cost-of-living multiplier. Additionally, the bill includes a rule for rounding adjusted amounts to the next highest multiple of $100.

Yes· 3 of 6

  • Would people over 65 be better off under this?+3

    Seniors receiving Social Security benefit from inflation-adjusted thresholds which may reduce their taxable income burden.

  • Would retired people be better off under this?+3

    Retirees are directly benefited by the inflation-based adjustments to the thresholds used to determine taxable Social Security benefits.

  • Does this strengthen Social Security?+3

    The bill protects the purchasing power of Social Security recipients by adjusting the taxability thresholds for inflation.

The opposite

  • Does this reduce what the federal government spends?-1

    Adjusting these thresholds upward may slightly decrease federal revenue from social security taxation.