S 4365
Social Security Expansion Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The Social Security Expansion Act aims to bolster Social Security benefits and ensure the program's long-term financial stability. It proposes an across-the-board benefit increase, adjusts the cost-of-living calculation, establishes a minimum benefit for low-income workers, and extends benefit eligibility for students. The bill also introduces new taxes on net investment income and remuneration exceeding $250,000, and consolidates the existing Social Security Trust Funds into a single fund.
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