I 
119TH CONGRESS 
1ST SESSION H. R. 2266 
To amend the Internal Revenue Code of 1986 to increase the threshold 
amounts for inclusion of Social Security benefits in income. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 21, 2025 
Ms. MALLIOTAKIS introduced the following bill; which was referred to the 
Committee on Ways and Means, and in addition to the Committee on Ap-
propriations, for a period to be subsequently determined by the Speaker, 
in each case for consideration of such provisions as fall within the juris-
diction of the committee concerned 
A BILL 
To amend the Internal Revenue Code of 1986 to increase 
the threshold amounts for inclusion of Social Security 
benefits in income. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Reducing Excessive 
Taxation and Inefficiencies by Reforming Elder Exemp-
tions to Support Fairness, Inflation Relief, and Simpler 
Taxes Act’’ or the ‘‘RETIREES FIRST Act’’. 
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SEC. 2. INCREASE IN THRESHOLD AMOUNTS FOR INCLU-
SION OF SOCIAL SECURITY BENEFITS IN IN-
COME. 
(a) IN GENERAL.—Subsection (a) of section 86 of the 
Internal Revenue Code of 1986 is amended to read as fol-
lows: 
‘‘(a) IN GENERAL.—Gross income for the taxable 
year of any taxpayer described in subsection (b) (notwith-
standing section 207 of the Social Security Act) includes 
Social Security benefits in an amount equal to the lesser 
of— 
‘‘(1) 85 percent of the Social Security benefits 
received during the taxable year, or 
‘‘(2) 85 percent of the excess described in sub-
section (b)(1).’’. 
(b) BASE AMOUNT.—Subsection (c) of section 86 of 
such Code is amended to read as follows: 
‘‘(c) BASE AMOUNT.— 
‘‘(1) IN GENERAL.—For purposes of this sec-
tion, the term ‘base amount’ means— 
‘‘(A) except as otherwise provided in this 
subsection, $34,000, 
‘‘(B) $68,000 in the case of a joint return, 
and 
‘‘(C) zero in the case of a taxpayer who— 
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‘‘(i) is married as of the close of the 
taxable year (within the meaning of section 
7703) but does not file a joint return for 
such year, and 
‘‘(ii) does not live apart from his 
spouse at all times during the taxable year. 
‘‘(2) INFLATION ADJUSTMENT.— 
‘‘(A) IN
GENERAL.—In the case of any 
taxable year beginning after 2025, each of the 
dollar amounts in paragraph (1) shall be in-
creased by an amount equal to— 
‘‘(i) such dollar amount, multiplied by 
‘‘(ii) the cost-of-living adjustment de-
termined under section 1(f)(3) for the cal-
endar year, determined by substituting 
‘calendar year 2024’ for ‘calendar year 
2016’ in subparagraph (A)(ii) thereof. 
‘‘(B) ROUNDING.—If any amount deter-
mined under subparagraph (A) is not a multiple 
of $1,000, such amount shall be rounded to the 
nearest multiple of $1,000.’’. 
(c) SOCIAL SECURITY TRUST FUNDS HELD HARM-
LESS.—There are hereby appropriated (out of any money 
in the Treasury not otherwise appropriated) for each fiscal 
year to each fund under the Social Security Act or the 
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Railroad Retirement Act of 1974 an amount equal to the 
reduction in the transfers to such fund for such fiscal year 
by reason of the amendments made by this section. 
(d) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2025. 
SEC. 3. REALLOCATING NON-SECURITY DISCRETIONARY 
APPROPRIATIONS TO SUPPORT RETIREE TAX 
RELIEF. 
(a) RESCISSION.—Subject to subsection (c), for fiscal 
year 2027, and each fiscal year thereafter, effective on the 
day after the date on which appropriations are made avail-
able through September 30 of the applicable fiscal year 
for the entire Federal Government, there is rescinded an 
amount equal to the total cost for such fiscal year, on a 
pro rata basis, from amounts made available through reg-
ular appropriation Acts. 
(b) REGULAR APPROPRIATION ACT.—For purposes 
of this section, the term ‘‘regular appropriation Act’’— 
(1) means an annual appropriation Act (as de-
scribed in section 105 of title 1, United States Code) 
providing new budget authority (as defined in sec-
tion 3 of the Congressional Budget and Impound-
ment Control Act of 1974 (2 U.S.C. 622)) for the 
programs, projects, and activities under the jurisdic-
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tion of a subcommittee of the Committee on Appro-
priations of the Senate; and 
(2) includes— 
(A) a title, division, or other subdivision of 
an Act or resolution that, if it were a separate 
Act, would be an Act described in paragraph 
(1); and 
(B) a resolution or Act, or a title, division, 
or other subdivision of a resolution or Act, mak-
ing continuing appropriations for all, or a por-
tion of, a fiscal year. 
(c) EXCLUSION.—Subsection (a) shall not apply with 
respect to any discretionary appropriations included in the 
security category (as defined in Section 250(c) of the Bal-
anced Budget and Emergency Deficit Control Act of 1985 
(2 U.S.C. 900(c))). 
(d) TOTAL COST.—For purposes of this section, the 
term ‘‘total cost’’ means, with respect to a fiscal year, an 
amount (as determined by the Secretary of the Treasury) 
equal to the total reduction in the transfers to each fund 
under the Social Security Act or the Railroad Retirement 
Act of 1974 for such fiscal year by reason of the amend-
ments made by section 2(b) (as determined without re-
spect to any appropriation made pursuant to section 2(c)). 
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