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.
Q What is the maximum amount of earnings that will be subject to Social Security taxes in 2017? How does that limit and the tax rate compare with 2016? A The maximum amount of earnings on which you pay Social Security taxes is rising from $118,500 in 2016 to $127,200 in 2017. This is the largest increase in recent years. The limit was also $118,500 in 2015, and it was $117,000 in 2014.