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117-hr-8005117th Congress
Social Security Expansion Act
Sponsored By: Representative DeFazio, Peter A. [D-OR-4]
Unknown
Summary
Social Security Expansion Act This bill increases benefits and certain taxes related to the Social Security program. Changes to benefits include (1) increasing the primary insurance amount for certain beneficiaries; (2) revising the method of calculating cost-of-living adjustments; (3) establishing a new minimum benefit for certain low earners; and (4) allowing certain children of retired, deceased, or disabled workers to receive benefits until age 22 if they are a full-time student. Changes to taxes include (1) increasing the net investment income tax and making active trade or business income subject to this tax; and (2) extending payroll taxes on wages, salaries, and self-employment earnings to income above $250,000 (the maximum amount subject to the Social Security payroll tax is currently $147,000 for 2022). The bill also combines the existing Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund into a single Social Security Trust Fund.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
DeFazio, Peter A. [D-OR-4]
OR • D
Cosponsors
Rep. Cohen, Steve [D-TN-9]
TN • D
Sponsored 6/9/2022
Rep. Lynch, Stephen F. [D-MA-8]
MA • D
Sponsored 6/9/2022
Rep. Grijalva, Raúl M. [D-AZ-7]
AZ • D
Sponsored 6/9/2022
Rep. Moore, Gwen [D-WI-4]
WI • D
Sponsored 6/9/2022
Rep. Jayapal, Pramila [D-WA-7]
WA • D
Sponsored 6/9/2022
Rep. Payne, Donald M., Jr. [D-NJ-10]
NJ • D
Sponsored 6/9/2022
Rep. Bowman, Jamaal [D-NY-16]
NY • D
Sponsored 6/9/2022
Rep. Tlaib, Rashida [D-MI-12]
MI • D
Sponsored 6/9/2022
Rep. Adams, Alma S. [D-NC-12]
NC • D
Sponsored 6/9/2022
Rep. García, Jesús G. "Chuy" [D-IL-4]
IL • D
Sponsored 6/9/2022
Rep. Raskin, Jamie [D-MD-8]
MD • D
Sponsored 6/9/2022
Rep. Jackson Lee, Sheila [D-TX-18]
TX • D
Sponsored 6/9/2022
Rep. Pingree, Chellie [D-ME-1]
ME • D
Sponsored 6/9/2022
Rep. Lee, Barbara [D-CA-12]
CA • D
Sponsored 6/9/2022
Rep. Schakowsky, Janice D. [D-IL-9]
IL • D
Sponsored 6/9/2022
Del. Norton, Eleanor Holmes [D-DC-At Large]
DC • D
Sponsored 6/9/2022
Rep. Ocasio-Cortez, Alexandria [D-NY-14]
NY • D
Sponsored 6/9/2022
Rep. McGovern, James P. [D-MA-2]
MA • D
Sponsored 6/9/2022
Del. San Nicolas, Michael F. Q. [D-GU-At Large]
GU • D
Sponsored 6/9/2022
Rep. Larsen, Rick [D-WA-2]
WA • D
Sponsored 6/13/2022
Rep. Napolitano, Grace F. [D-CA-31]
CA • D
Sponsored 6/13/2022
Rep. Maloney, Carolyn B. [D-NY-12]
NY • D
Sponsored 7/1/2022
Rep. Stansbury, Melanie A. [D-NM-1]
NM • D
Sponsored 7/1/2022
Rep. Nadler, Jerrold [D-NY-12]
NY • D
Sponsored 7/1/2022
Rep. Jones, Mondaire [D-NY-17]
NY • D
Sponsored 7/27/2022
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov