{"bills":[{"photos":{"featured":"https://assets.causes.com/bill/photo/hr1114-115/featured_social-security-expansion-act-1490996338.jpg","featured_large":"https://assets.causes.com/bill/photo/hr1114-115/featured_large_social-security-expansion-act-1490996338.jpg","shareable":"https://n.causes.com/share-images/bills/hr1114-115.png"},"introduced_on":"2017-02-16","title_override":"Should the Life of Social Security be Extended and Benefits Expanded by Raising Taxes?","summary_override":"This bill would amend title II of the Social Security Act -- which covers Old Age, Survivors and Disability Insurance -- in order to extend the life of the program by raising payroll taxes. The primary insurance amount would be increased for all eligible beneficiaries beginning in 2021, and the formula used to compute cost-of-living adjustments would be revised in order to use the Consumer Price Index for Elderly Consumers. There would also be an increase in the special minimum primary insurance amount by basing it on years in the workforce, in order to assist those who earned a low income throughout their lifetime.

The following changes to the Internal Revenue Code would be made:

Employment and self-employment taxes would be applied to income up to the contribution and benefit base, and to income in excess of $250,000. (Under current law, the maximum amount of annual income that can be subjected to the payroll tax that helps fund Social Security is $127,000 -- meaning that all income above that threshold is exempt from those taxes.)
Increase the tax on investment gain from 3.8 percent to 10 percent of the lesser of net investment income for a taxable year, or the excess (if any) of the modified adjusted gross income for a taxable year over the threshold amount.
Of this tax revenue, 62 percent would be allocated to the Federal Old-Age and Survivors Insurance Trust Fund (OASI), while 9 percent would go towards the Federal Disability Insurance Trust Fund (DI).

","official_title":"To enhance Social Security benefits and ensure the long-term solvency of the Social Security program.","short_title":"Social Security Expansion Act","popular_title":null,"short_summary":"Social Security Expansion Act\n\nThis bill amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to: (1) increase the primary insurance amount for all eligible beneficiaries, beginning in 2023; (2) revise computation of cost-of-living adjustments to use the Consumer Price Index for Elderly Consumers; and (3) increase the special minimum primary insurance amount for lifetime low earners based on years in the workforce.\n\nThis bill 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 rate on investment gain from 3.8% to 10% and allocate specifed amounts of such tax revenue to the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund.","summarized":true,"cost":null,"cost_commentary":"A CBO cost estimate is unavailable.","impact":"Taxpayers and senior citizens, the Social Security Administration.","argument_for":"Extending Social Security’s solvency by increasing taxes on the wealthy is the fairest way to ensure that our country’s seniors can continue to rely on this program well into the future.","argument_against":"There are better ways to reform Social Security to keep it solvent that don’t raise taxes, while also taking into account increased life expectancies.","bill_type":"hr","published":true,"type":"FederalBill","id":"hr1114-115","bill_id":"hr1114-115","formal_id":"H.R. 1114","chamber":"house","congress":115,"last_action_at":"2017-03-01T00:00:00.000Z","active":false,"enacted":false,"enacted_at":null,"vetoed":false,"last_vote_at":null,"debated_on":null,"congress_url":"https://www.congress.gov/bill/115th/house-bill/1114","plain_text_url":"https://www.gpo.gov/fdsys/pkg/BILLS-115hr1114ih/html/BILLS-115hr1114ih.htm","shareable_image_url":"https://n.causes.com/share-images/bills/hr1114-115.png","congress_full_text_url":"https://www.congress.gov/bill/115th/house-bill/1114/text","is_current_congress":false,"last_version_on":"2017-02-16","related_bill_ids":["s427-115","hr2855-115"],"progress":"Introduced","house_passage_result":false,"senate_passage_result":false,"position_count":2103,"committees":[{"name":"Committee on Education and Labor","chamber":"house","committee_id":"HSED","subcommittee":false},{"name":"Social Security","chamber":"house","committee_id":"HSWM01","subcommittee":true},{"name":"Committee on Ways and Means","chamber":"house","committee_id":"HSWM","subcommittee":false}],"links":{"rollCalls":"/api/roll_calls?bill_id=hr1114-115","details":"/api/bills/hr1114-115/details","sharingMessage":"/api/sharing_messages/hr1114-115","positionsFor":"/api/bills/hr1114-115/positions/for","positionsAgainst":"/api/bills/hr1114-115/positions/against"},"upcoming":false,"cosponsors_count":39,"slug":"hr1114-115-social-security-expansion-act","latest_chamber_votes_id":null,"official_url":null,"target_video":true,"following":false,"vote_count":11875,"yea_vote_count":9244,"nay_vote_count":2613,"passed_house":false,"passed_senate":false,"vote_id":null,"my_position_id":null,"topic_ids":["poverty"],"issue_ids":["poverty","social-security"],"sponsor_id":445}],"votes":[],"issues":[{"id":"poverty","name":"Poverty","slug":"poverty","description":"US Congressional Legislation encompassing poverty and welfare assistance, and Social Security. ","page_title":"US Federal legislation related to Poverty and Social Welfare, including Social Security - Vote on Bills, Stay informed, Hold Your Reps Accountable","icons":{"black":"https://assets.causes.com/issue/icon/poverty/black_poverty-1453508993.svg","grey":"https://assets.causes.com/issue/icon/poverty/grey_poverty-1453508993.svg","white":"https://assets.causes.com/issue/icon/poverty/white_poverty-1453508993.svg"},"cover_image_url":null,"is_following":false},{"id":"social-security","name":"Social Security","slug":"social-security","description":"Vote on the latest federal legislation regarding Social Security. Make your voice heard about the issues you care about. \r\n","page_title":"Social Security Legislation - Vote on Bills, Stay informed, Hold Your Reps Accountable","icons":{"black":"https://assets.causes.com/issue/icon/social-security/black_social-security-1439991972.svg","grey":"https://assets.causes.com/issue/icon/social-security/grey_social-security-1439991972.svg","white":"https://assets.causes.com/issue/icon/social-security/white_social-security-1439991972.svg"},"cover_image_url":null,"is_following":false}],"users":[{"name":"Darchan ","vote_count":16,"photos":{"large":"https://assets.causes.com/user/avatar/default-2.png","small":"https://assets.causes.com/user/avatar/default-2.png","tiny":"https://assets.causes.com/user/avatar/default-2.png"},"links":{"following":"/api/users/pWR8AqVm/following","followers":"/api/users/pWR8AqVm/followers"},"about_me":null,"twitter_id":null,"facebook_id":null,"youtube_id":null,"google_plus_id":null,"website":null,"slug":null,"issue_count":0,"is_following":null,"influence_score":0,"influence_level":0,"follower_count":0,"following_count":0,"position_count":10,"id":"pWR8AqVm","partner_id":null}],"bill_position":{"flagged":false,"id":"39067c4a-33ef-4a93-8df9-736872ba7794","argument_for":"Millionaires need to pay for social security just like everyone else. Millionaire one day does not make a millionaire forever.","argument_against":null,"show_argument_for":true,"show_argument_against":false,"upvote_count":0,"upvotes_for_count":0,"upvotes_against_count":null,"has_upvoted":false,"endorsement_count":0,"links":{"self":"https://www.causes.com/positions/39067c4a-33ef-4a93-8df9-736872ba7794"},"body":"Millionaires need to pay for social security just like everyone else. Millionaire one day does not make a millionaire forever.","stance":"yea","created_at":"2017-04-01T01:53:01.639Z","shareable_image_url":"https://n.causes.com/share-images/positions/39067c4a-33ef-4a93-8df9-736872ba7794.png","note_color":null,"note_text":null,"bill_id":"hr1114-115","user_id":"pWR8AqVm","endorser_ids":[]}}

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Should the Life of Social Security be Extended and Benefits Expanded by Raising Taxes?