H.R.1700

H. R. 1700

February 27, 2025

Ms. Hoyle of Oregon (for herself, Ms. Schakowsky, Mr. Carter of Louisiana, Mr. Casar, Ms. Chu, Mr. Cohen, Mr. Deluzio, Ms. Lois Frankel of Florida, Ms. Jayapal, Mr. Khanna, Mr. McGovern, Ms. Moore of Wisconsin, Mr. Nadler, Ms. Norton, Ms. Pingree, Mr. Pocan, Mrs. Ramirez, Ms. Salinas, Ms. Tlaib, and Ms. Tokuda) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committees on Education and Workforce, and Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

A BILL

To enhance Social Security benefits and ensure the long-term solvency of the Social Security program.

1. Short title; table of contents; 2. Across-the-board benefit increase; 3. Computation of cost-of-living increases; 4. Increase in minimum benefit for lifetime low earners based on years in the workforce; 5. Extended benefit eligibility for children who are full-time students; 6. Payroll tax on remuneration up to contribution and benefit base and more than $250,000; 7. Tax on net earnings from self-employment up to contribution and benefit base and more than $250,000; 8. Tax on investment gain; 9. Social Security Trust Fund established