Social Security Expansion Act

Summary

Social Security Expansion Act This bill increases benefits and certain taxes related to the Social Security program. Changes to benefits include (1) increasing the primary insurance amount for certain beneficiaries; (2) revising the method of calculating cost-of-living adjustments; (3) establishing a new minimum benefit for certain low earners; and (4) allowing certain children of retired, deceased, or disabled workers to receive benefits until age 22 if they are a full-time student. Changes to taxes include (1) increasing the net investment income tax and making active trade or business income subject to this tax; and (2) extending payroll taxes on wages, salaries, and self-employment earnings to income above $250,000 (the maximum amount subject to the Social Security payroll tax is currently $160,200 for 2023). The bill also combines the existing Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund into a single Social Security Trust Fund.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 14 February 2023

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, and Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 14 February 2023

   Introduced

   Introduced in House

   Source: IntroReferral

3. 14 February 2023

   Introduced

   Introduced in House

   Source: IntroReferral

4. 17 December 2024

   Referred

   Referred to the Subcommittee on Social Security.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 14 February 2023 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 14 February 2023

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 14 February 2023

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 14 February 2023

  Open at official source

  Leesvertaling

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  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Schakowsky, Janice D. [D-IL-9] · D · Sponsor
• Rep. Hoyle, Val T. [D-OR-4] · D · Sponsor
• Rep. Cohen, Steve [D-TN-9] · D · Sponsor
• Rep. Payne, Donald M., Jr. [D-NJ-10] · D · Sponsor
• Rep. Larsen, Rick [D-WA-2] · D · Sponsor
• Rep. Moore, Gwen [D-WI-4] · D · Sponsor
• Rep. Bush, Cori [D-MO-1] · D · Sponsor
• Rep. Lynch, Stephen F. [D-MA-8] · D · Sponsor
• Rep. Tlaib, Rashida [D-MI-12] · D · Sponsor
• Rep. Pingree, Chellie [D-ME-1] · D · Sponsor
• Rep. Napolitano, Grace F. [D-CA-32] · D · Sponsor
• Del. Norton, Eleanor Holmes [D-DC-At Large] · D · Sponsor
• Rep. Raskin, Jamie [D-MD-8] · D · Sponsor
• Rep. Adams, Alma S. [D-NC-12] · D · Sponsor
• Rep. Bowman, Jamaal [D-NY-16] · D · Sponsor
• Rep. Nadler, Jerrold [D-NY-12] · D · Sponsor
• Rep. Pocan, Mark [D-WI-2] · D · Sponsor
• Rep. Grijalva, Raúl M. [D-AZ-7] · D · Sponsor
• Rep. Jayapal, Pramila [D-WA-7] · D · Sponsor
• Rep. Lee, Barbara [D-CA-12] · D · Sponsor
• Rep. Jackson Lee, Sheila [D-TX-18] · D · Sponsor
• Rep. García, Jesús G. "Chuy" [D-IL-4] · D · Sponsor
• Rep. Ocasio-Cortez, Alexandria [D-NY-14] · D · Sponsor
• Rep. Carter, Troy A. [D-LA-2] · D · Sponsor
• Rep. Khanna, Ro [D-CA-17] · D · Sponsor
• Rep. Casar, Greg [D-TX-35] · D · Sponsor
• Rep. McGovern, James P. [D-MA-2] · D · Sponsor
• Del. Sablan, Gregorio Kilili Camacho [D-MP-At Large] · D · Cosponsor
• Rep. Frankel, Lois [D-FL-22] · D · Cosponsor
• Rep. Scanlon, Mary Gay [D-PA-5] · D · Cosponsor
• Rep. Cárdenas, Tony [D-CA-29] · D · Cosponsor
• Rep. Deluzio, Christopher R. [D-PA-17] · D · Cosponsor
• Mary Peltola · D · Cosponsor
• Rep. Chu, Judy [D-CA-28] · D · Cosponsor
• Rep. Green, Al [D-TX-9] · D · Cosponsor
• Rep. Goldman, Daniel S. [D-NY-10] · D · Cosponsor
• Rep. Porter, Katie [D-CA-47] · D · Cosponsor
• Rep. Tokuda, Jill N. [D-HI-2] · D · Cosponsor
• · hswm00 · Standing
• · hspw00 · Standing
• · hsed00 · Standing

Related records

• related to → Social Security Expansion Act
• related to ← Social Security Cost of Living Increase Act of 2023