CONGRESS FOR VOTERS

DemocratBill · H.R. 1700· House(119-HR-1700)

Social Security Expansion Act

Rep. Hoyle
Age: 62 years
Oregon
Introduced
2/27/2025
Last activity
2/27/2025 — Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Sponsored by
Val Hoyle
Cosponsors
Democrat - 41Republican - 0
Social Welfare
  1. Introduced
  2. In Committee

What this bill would do

The Social Security Expansion Act aims to increase Social Security benefits and secure the program's long-term solvency. It proposes an across-the-board benefit increase and adjusts how cost-of-living increases are calculated using the Consumer Price Index for Elderly Consumers. The bill also establishes a minimum benefit for lifetime low earners based on their years in the workforce. Additionally, it extends benefit eligibility for children who are full-time students. To fund these changes, the act implements new payroll taxes on higher earnings and a tax on investment gains. Finally, it creates a single Social Security Trust Fund to consolidate existing funds.

Yes· 3 of 13

  • Does this strengthen Social Security?+10

    Directly expands benefits, adjusts COLA for seniors, and addresses long-term solvency.

  • Would people over 65 be better off under this?+10

    Increases benefit amounts and adjusts COLA using the CPI-E specifically for elderly consumers.

  • Would retired people be better off under this?+10

    Directly increases monthly benefits and improves inflation adjustments.

The opposite· 3 of 9

  • Would the very wealthiest people be better off under this?-10

    Severe impact from increased investment taxes and payroll taxes on high earnings.

  • Would billionaires be better off under this?-10

    Severe impact from increased investment taxes and payroll taxes on high earnings.

  • Would people with substantial wealth be better off under this?-9

    Significant increase in investment gain taxes from 3.8% to 16.2%.