The "You Earned It, You Keep It Act" proposes significant amendments to the Internal Revenue Code of 1986 and the Social Security Act. Its primary objective is to repeal the inclusion of Social Security benefits in an individual's gross income for tax purposes, effective for taxable years beginning after the bill's enactment. To safeguard the financial integrity of the Social Security and Railroad Retirement Trust Funds, the bill mandates appropriations from the Treasury to compensate for any revenue reduction caused by this change. A key provision, effective after 2025, modifies the application of Social Security taxes to high earners. It eliminates the existing cap on wages and self-employment income subject to Social Security taxes for earnings above $250,000 . This creates a unique structure where earnings up to the current contribution and benefit base (CBB) remain taxable, but earnings between the CBB and $250,000 are not taxed. All earnings exceeding $250,000 will then be subject to Social Security taxes, effectively removing the upper limit for very high incomes. To ensure equity, the bill amends the Social Security Act to include these newly taxed earnings above $250,000 in the calculation of an individual's primary insurance amount (PIA) . This means individuals contributing more through the expanded tax base will receive a proportional increase in their Social Security benefits, specifically adding 2% of "excess average indexed monthly earnings" to the PIA. Furthermore, the bill includes a crucial safeguard to prevent unintended consequences, ensuring that any increase in Social Security benefits does not negatively impact an individual's eligibility for other federal programs like SSI, Medicaid, and CHIP.