Bill > HR5215

This bill, the Social Security Stabilization and Enhancement Act, aims to enhance Social Security benefits and ensure the long-term solvency of the Social Security program. Key provisions include: 1) Across-the-board benefit increases starting in 2027, with the increases gradually rising to 15% by 2041. 2) Using the Consumer Price Index for Elderly Consumers (CPI-E) to calculate cost-of-living increases, rather than the standard CPI. 3) Establishing a minimum benefit for lifetime low earners based on years in the workforce, with the minimum benefit increasing with more years worked. 4) Extending eligibility for children's benefits up to age 22 if the child is a full-time student. 5) Increasing payroll taxes on income above $250,000 and imposing a 10% tax on investment gains. 6) Consolidating the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund into a single Social Security Trust Fund. The goal of these changes is to both enhance Social Security benefits and ensure the long-term financial stability of the program.