# 119-s-2716: You Earned It, You Keep It Act

119-s-2716, You Earned It, You Keep It Act, is a 119th Congress bill sponsored by Sen. Gallego, Ruben [D-AZ] (D-AZ); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-2716
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-2716
- Congress: 119
- Title: You Earned It, You Keep It Act
- Status: introduced
- Introduced: 2025-09-04
- Sponsor: Sen. Gallego, Ruben [D-AZ] (D-AZ)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Restructures Social Security taxation for high earners.** This bill would repeal the inclusion of Social Security benefits in taxable income and would remake how wages and self‑employment income above set thresholds count for Old‑Age, Survivors, and Disability Insurance.

## Provisions PRIA read

- Bigger Social Security checks for high earners: benefit, high. If enacted, the bill would add a new 2% benefit factor for excess indexed earnings for people who first become eligible for Social Security after 2025. It would also raise the wage-indexing inputs slightly in many years after 2025. Together, these changes would increase monthly benefits for affecte…
- Stop taxing Social Security benefits: benefit, high. If enacted, Social Security benefits would no longer be counted as taxable income for tax years after enactment. The Treasury would also pay each Social Security and Railroad Retirement fund each year an amount equal to the lost transfers caused by that repeal. If passed, many beneficiaries would l…
- Protect Medicaid, CHIP, SSI eligibility: benefit, medium. If enacted, the bill would treat Title II benefit amounts as no higher than they were before this law when checking SSI, Medicaid, and CHIP eligibility. This would stop higher Social Security checks from reducing eligibility or benefits for people in those programs. The rule would apply when determ…
- Limit Social Security wages under $250,000: benefit, medium. If enacted, in calendar years when the Social Security wage base is under $250,000, some employer-paid wages after the base would not count for OASDI tax. The exclusion would not apply to pay you receive after you already hit $250,000 in a year. The rule starts for remuneration paid in calendar yea…
- New self-employment payroll tax cap: benefit, medium. If enacted, net self-employment earnings under $400 would not count for Social Security payroll tax. The bill would also cap how much self-employment income counts toward OASDI using the yearly wage base, your wages, and a $250,000 threshold. These rules would apply for taxable years after 2025.
- New tax for multi-employer workers: cost, medium. If enacted, the bill would create a new tax for people who get wages from more than one employer in a year. You would owe any shortfall between tax as if one employer paid all wages and the tax already withheld by multiple employers. The rule applies to wages paid in calendar years after 2025.

## Related bills

- 119-s-2838: Protecting Our Democracy Act
- 119-s-5283: Momnibus Act
- 119-s-3990: PrEP Access and Coverage Act of 2026
- 119-s-2823: FAMILY Act
- 119-s-2763: Keep Billionaires Out of Social Security Act
- 119-s-3869: Healthy Families Act

## Sources
- [119-s-2716 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/2716)

## Related
- [119-s-2838: Protecting Our Democracy Act](https://policyrisk.com/legislation/119-s-2838)
- [119-s-5283: Momnibus Act](https://policyrisk.com/legislation/119-s-5283)
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [119-s-2823: FAMILY Act](https://policyrisk.com/legislation/119-s-2823)
- [119-s-2763: Keep Billionaires Out of Social Security Act](https://policyrisk.com/legislation/119-s-2763)
- [119-s-3869: Healthy Families Act](https://policyrisk.com/legislation/119-s-3869)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-2716 (as of 2026-04-21).