Social Security Enhancement and Protection Act of 2019

Summary

Social Security Enhancement and Protection Act of 2019 This bill makes various changes to the Old-Age, Survivors, and Disability Insurance program (commonly known as Social Security) to increase payroll tax rates and certain benefits. Under current law, Social Security has a taxable earnings base , which refers to the maximum amount of a worker's earnings that are subject to Social Security payroll taxes (set at $137,700 in 2020). Additionally, the taxable earnings base serves as the maximum amount of earnings used to calculate a worker's Social Security benefits. This bill gradually increases the Social Security payroll tax rate from 6.2% to 6.5% over six years. It also phases out the taxable earnings base, thereby applying the payroll taxes to a greater amount of a worker's earnings, and revises the method to calculate a worker's Social Security benefits to account for earnings in excess of the taxable earnings base. Other changes to benefits include establishing a new method to calculate benefits for lifetime low earners and increasing benefits for certain beneficiaries on account of long-term eligibility. In addition, an eligible child of a retired, disabled, or deceased worker may continue to receive benefits through age 26, provided the child is a full-time student.

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Timeline

1. 11 December 2019

   Introduced

   Sponsor introductory remarks on measure. (CR H10021)

   Source: IntroReferral

2. 11 December 2019

   Introduced

   Introduced in House

   Source: IntroReferral

3. 11 December 2019

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

4. 11 December 2019

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 11 December 2019 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 11 December 2019

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 11 December 2019

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 11 December 2019

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  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. Moore, Gwen [D-WI-4] · D · Sponsor
• Rep. Schakowsky, Janice D. [D-IL-9] · D · Sponsor
• Rep. Payne, Donald M., Jr. [D-NJ-10] · D · Sponsor
• Rep. Jackson Lee, Sheila [D-TX-18] · D · Sponsor
• Rep. Wilson, Frederica S. [D-FL-24] · D · Sponsor
• · hswm00 · Standing

Related records

• related to → Social Security Enhancement and Protection Act of 2021
• related to ← Social Security Enhancement and Protection Act of 2017