S.770

Enhances Social Security benefits and ensures long-term solvency.

The Social Security Expansion Act aims to enhance Social Security benefits and ensure the long-term solvency of the program. It increases the first bend point percentage from 90% to 95%, adjusts the computation of cost-of-living increases, and establishes the Social Security Trust Fund. The bill also extends benefit eligibility for children who are full-time students until they turn 22, increases the minimum benefit for lifetime low earners based on years in the workforce, and modifies payroll and self-employment taxes.