Social Security 2100 Act

This bill would change Social Security benefits and taxes. For 2027 through 2036, it would raise the benefit formula, base yearly cost-of-living increases on the higher of two price indexes, set a new minimum benefit for long-time low earners, raise benefits after 15 years on the rolls, give credit to unpaid caregivers, and end the 5-month wait for disability benefits. It would also raise the income levels at which benefits are taxed, extend child benefits to students under 26, and expand benefits for children raised by relatives. It would remove the yearly cap on wages subject to the Social Security payroll tax after 2026. The listed sections on investment income taxes, a new trust fund, and customer service are not included in the text provided.

Full text and official record on Congress.gov

Sponsors

• Richard Blumenthal Democrat sponsor
• 4 cosponsors