If signed into law, the No Loopholes in Social Security Taxes Act would amend the Internal Revenue Code of 1986 to apply Social Security payroll taxes to earnings up to the contribution and benefit base and to all earnings in excess of $250,000.
Rep. Peter DeFazio (OR-4) introduced H.R. 1029 on March 7, 2013. It has since been referred to the Committee on Ways and Means.
