Bill > HR1170

This bill, the Social Security Expansion Act, aims to enhance Social Security benefits and ensure the long-term solvency of the Social Security program. The key provisions of the bill include: 1) across-the-board benefit increases starting in 2025; 2) using the Consumer Price Index for Elderly Consumers (CPIE) to calculate cost-of-living increases; 3) increasing the minimum benefit for lifetime low earners based on years in the workforce; 4) extending benefit eligibility for children who are full-time students up to age 22; 5) increasing payroll taxes on remuneration above $250,000 and on net earnings from self-employment above $250,000; 6) imposing a 10% tax on investment gains; and 7) consolidating the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund into a single Social Security Trust Fund.

Budget and Finance, Transportation and Infrastructure

https://www.congress.gov/bill/116th-congress/house-bill/1170/all-info