3.0.0 427 2023-01-11T13:34:45Z 2023-01-11T13:34:45Z Senate S 2017-02-16 115 ssfi00 Finance Committee Senate Standing Referred to 2017-02-16T20:51:43Z Social Security Expansion Act 115 1114 HR 2017-03-01 Referred to the Subcommittee on Social Security. Related bill CRS Social Security for Future Generations Act of 2017 115 2855 HR 2017-06-20 Referred to the Subcommittee on Social Security. Related bill CRS 2017-02-16 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2017-02-16 Introduced in Senate IntroReferral 10000 9 Library of Congress S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT N G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2017-02-16 True M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR 2018-03-21 False H001075 Sen. Harris, Kamala D. [D-CA] Kamala Harris D CA D. 2018-04-23 False B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ 2018-07-17 False Social Welfare Aging Employment taxes Government trust funds Inflation and prices Interest, dividends, interest rates Self-employed Social security and elderly assistance Wages and earnings Social Welfare 00 2017-02-16 Introduced in Senate 2017-09-21T22:17:25Z Social Security Expansion Act

This bill amends title II (Old Age, Survivors, and Disability Insurance) of the Social Security Act to: (1) increase the primary insurance amount for all eligible beneficiaries, beginning in 2023; (2) revise computation of cost-of-living adjustments to use the Consumer Price Index for Elderly Consumers; and (3) increase the special minimum primary insurance amount for lifetime low earners based on years in the workforce.

This bill amends the Internal Revenue Code to: (1) apply employment and self-employment taxes to remuneration up to the contribution and benefit base and to remuneration in excess of $250,000, and (2) increase the tax rate on investment gain from 3.8% to 10% and allocate specified amounts of such tax revenue to the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund.

]]> Social Security Expansion Act Display Title Social Security Expansion Act Official Title as Introduced A bill to enhance Social Security benefits and ensure the long-term solvency of the Social Security program. Introduced in Senate IS Short Titles as Introduced Social Security Expansion Act Introduced in Senate 2017-02-16T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s427is/xml/BILLS-115s427is.xml 2017-02-16 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.