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A bill to enhance Social Security benefits and ensure the long-term solvency of the Social Security program.

USA115th CongressS-427| Senate 
| Updated: 2/16/2017
Bernard Sanders

Bernard Sanders

Independent Senator

Vermont

Cosponsors (4)
Kirsten E. Gillibrand (Democratic)Kamala D. Harris (Democratic)Cory A. Booker (Democratic)Jeff Merkley (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Feb 16, 2017
Introduced in Senate
Feb 16, 2017
Read twice and referred to the Committee on Finance.
Mar 1, 2017

Latest Companion Bill Action

HR 115-1114
Referred to the Subcommittee on Social Security.
  • February 16, 2017
    Introduced in Senate


  • February 16, 2017
    Read twice and referred to the Committee on Finance.


  • March 1, 2017

    Latest Companion Bill Action

    HR 115-1114
    Referred to the Subcommittee on Social Security.

Social Welfare

Related Bills

  • HR 115-2855: To amend title II of the Social Security Act to enhance Social Security benefits and maintain the commitment and the long-term solvency of the Social Security program.
  • HR 115-1114: To enhance Social Security benefits and ensure the long-term solvency of the Social Security program.
AgingEmployment taxesGovernment trust fundsInflation and pricesInterest, dividends, interest ratesSelf-employedSocial security and elderly assistanceWages and earnings

A bill to enhance Social Security benefits and ensure the long-term solvency of the Social Security program.

USA115th CongressS-427| Senate 
| Updated: 2/16/2017
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 16, 2017
Introduced in Senate
Feb 16, 2017
Read twice and referred to the Committee on Finance.
Mar 1, 2017

Latest Companion Bill Action

HR 115-1114
Referred to the Subcommittee on Social Security.
  • February 16, 2017
    Introduced in Senate


  • February 16, 2017
    Read twice and referred to the Committee on Finance.


  • March 1, 2017

    Latest Companion Bill Action

    HR 115-1114
    Referred to the Subcommittee on Social Security.
Bernard Sanders

Bernard Sanders

Independent Senator

Vermont

Cosponsors (4)
Kirsten E. Gillibrand (Democratic)Kamala D. Harris (Democratic)Cory A. Booker (Democratic)Jeff Merkley (Democratic)

Finance Committee

Social Welfare

Related Bills

  • HR 115-2855: To amend title II of the Social Security Act to enhance Social Security benefits and maintain the commitment and the long-term solvency of the Social Security program.
  • HR 115-1114: To enhance Social Security benefits and ensure the long-term solvency of the Social Security program.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
AgingEmployment taxesGovernment trust fundsInflation and pricesInterest, dividends, interest ratesSelf-employedSocial security and elderly assistanceWages and earnings