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United States · Bill · S

S. 731 (114th)

Social Security Expansion Act

referredUnited States· United States Congress· EN

Introduced

12 March 2015

Last action

12 March 2015 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Sanders, Bernard [I-VT]

Subjects

Taxation

Source updated

12 August 2025

Taxation

Summary

Social Security Expansion Act Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to: increase the primary insurance amount for all eligible beneficiaries, beginning in 2021; revise computation of cost-of-living adjustments to use the Consumer Price Index for Elderly Consumers; increase the special minimum primary insurance amount for lifetime low earners based on years in the workforce. 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 on investment gain from 3.8% to 10% of the lesser of net investment income for such taxable year or the excess (if any) of the modified adjusted gross income for such taxable year, over the threshold amount, with 62% of such tax allocated to the Federal Old-Age and Survivors Insurance Trust Fund and 9% allocated to the Federal Disability Insurance Trust Fund.

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

Timeline

  1. 12 March 2015

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 12 March 2015

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 12 March 2015

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 12 March 2015

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 12 March 2015

    Open at official source

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Sponsors

Related records

Sources

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