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S 770119th CongressIntroduced
Social Security Expansion Act
Introduced: Oct 29, 2025
Economy & TaxesSocial Services
Standard Summary
Comprehensive overview in 1-2 paragraphs
The Social Security Expansion Act enhances retirement benefits through increased bend points, CPI-E indexing for cost-of-living adjustments, and a new work-based minimum benefit for low earners. It extends dependent benefits for student children to age 22 and ensures solvency by implementing payroll taxes on high earners' wages above the current cap up to $250,000 and raising investment income taxes to 16.2%.
Key Points
- 1Raises the primary insurance amount calculation's first bend point from 90% to 95% and increases bend point amounts by 18% for years after 2025 to significantly boost retirement benefits.
- 2Replaces standard CPI with Consumer Price Index for Elderly Consumers (CPI-E) for cost-of-living adjustments to better reflect seniors' actual inflation experiences and expenses.
- 3Imposes new payroll taxes on wages between the Social Security tax cap and $250,000 for high earners while increasing the Net Investment Income Tax from 3.8% to 16.2% to fund benefit expansions.
Impact Areas
Current and future Social Security beneficiaries, especially low-income retireesHigh-wage workers earning above the current Social Security tax thresholdInvestors and high-net-worth individuals subject to the increased investment taxDependent children of beneficiaries who remain full-time students past age 19The consolidated Social Security Trust Fund receiving new revenue streams
Generated by LegislativeAnalysisAI/2025.11 on Nov 4, 2025