Senator Russ Feingold (D-WI) and Senator John McCain (R-AZ) introduced legislation of a limited version of the line-item veto. This bill would give the president the power to withdraw earmarks in new bills by sending the bill back to Congress minus the line-item vetoed earmark.ill Clinton echoed the request in his State of the Union address in 1995. Congress attempted to grant this power to the president by the Line Item Veto Act of 1996 to control  pork barrel spending , but in 1998 the US Supreme Court ruled the act to be unconstitutional in a 6-3 decision in Clinton v. City of New York.
The Social Security Administrationâs Office of the Chief Actuary (OCA) has projected, under two out of three of its methods of forecasting, that the Social Security wage base will increase from $118,500 for 2016 to $126,000 for 2017.
Employee Social Security /OASDI and Medicare. The year 2016 Social Security/OASDI tax rate for employees is 6.2 percent. The Medicare tax rate remains at 1.45 percent. The Social Security/OASDI maximum wage base increases to $118,500 for 2016. There continues to be no cap on the Medicare wage base.