Strengthening Social Security Act of 2026

This bill would phase in Social Security payroll taxes on wages and self-employment income above the current taxable earnings cap, starting at 20 percent of those earnings in 2028 and reaching all of them by 2032. It would raise the benefit formula for the first tier of earnings from 90 to 95 percent between 2032 and 2036, raise the first bend point, and count 5 percent of earnings above the cap toward benefits for people first eligible after 2032. It would require the Bureau of Labor Statistics to publish a price index for older consumers and use it to set yearly cost-of-living increases. It would also change survivor benefits so a widow or widower can receive 75 percent of the couple's combined benefits, up to a limit, and would keep these benefit increases from reducing Supplemental Security Income (SSI) eligibility or amounts.

Full text and official record on Congress.gov

Sponsors

• Linda T. Sánchez Democrat sponsor
• 6 cosponsors