Social Security 2100 contains one provision that would increase Social Security revenues. Rep. John B. Larson wrote the following letter to the editor that appeared in theWashington Post: East Hartford, CT - Today, Rep. John B. Larson (CT-01) released the following statement commending Senators Bernie Sanders (VT) and Elizabeth Warren (MA) and Reps. Jan Schakowsky (IL-09) and Val Hoyle (OR-04)for introducing the Social Security Expansion Act. This provision will help seniors who spend a greater portion of their income on health care and other necessities. in the matter preceding paragraph (1), by striking Federal Old-Age and Survivors Insurance Trust Fund and inserting Social Security Trust Fund; in section 231(c), by striking Trust Funds each place it appears and inserting Trust Fund; and. Improving benefits for widows and widowers in two-income households. For purposes of this subsection, the term qualified beneficiary for a calendar year means an individual in any case in which such calendar year is at least the 16th year beginning after the applicable year of eligibility for such individual. The bills titles are written by its sponsor. Social Security 2100: A Sacred Trust (SS-AST) legis-lation, a dishonest proposal that promises five years of various benefit increases based on 75 years' worth of tax increases. This bill, which also lifts the cap on Social Security contributions and uses the . Representative for Connecticut's 1st congressional district. by redesignating subsection (m) as subsection (k). an analysis of the criteria used for selecting field or hearing offices for closure, consolidation, or limited access; a description of how the Commissioner has analyzed and considered relevant factors, including but not limited to transportation and communication burdens faced by individuals serviced by the offices, including elderly and disabled citizens; and, a description of any method of cost-benefit analysis applied by the Commissioner in connection with closures and consolidations of field or hearing offices, and other limitations on access to field or hearing offices, including any analysis that takes into account. on Aug 17, 2022, Larson Commends Tri-Caucus and Task Force on Aging and Families Leadership Calling for Vote on Social Security 2100: A Sacred Trust Well be in touch. The new version of the bill, called Social Security 2100: A Sacred Trust, follows the Social Security Administration's latest estimates that the trust funds that support the program will be. For each calendar year after 2021, the national average wage index as defined in this section for such calendar year shall be deemed to be the national average wage index determined under the preceding paragraphs of this section increased by the following percentage: For calendar years 2022 through 2027, 1.4 percent. 28 Feb 2023 19:39:23 409(k)(1)) is amended by inserting 215(a)(1)(E), after 215(a)(1)(D),. in subsection (a), by striking paragraph (7); in subsection (d), by striking paragraph (3); and. If you teach United States government and would like to speak with us about bringing legislative data into your classroom, please reach out! Subsection (f)(2)(B) of section 3720A of title 31, United States Code, is amended by striking Federal Old-Age and Survivors Insurance Trust Fund or the Federal Disability Insurance Trust Fund, whichever is certified to the Secretary of the Treasury as appropriate by the Commissioner of Social Security and inserting Social Security Trust Fund. Sec. such benefit may not be reduced below $0. |quote=Social Security 2100: A Sacred Trust The amendments made by subsections (a) and (c) shall apply to remuneration paid in calendar years after 2021. subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills). by striking grandchild or stepgrandchild of an individual or his spouse and inserting grandchild, stepgrandchild, or other first-degree, second-degree, third-degree, fourth-degree, or fifth-degree relative of an individual or the individual's spouse; by striking was no natural or adoptive parent and inserting is no living natural or adoptive parent; by striking was under a disability and inserting is under a disability; by striking living at the time and all that follows through , or (B) and inserting , (B); and. subject to paragraph (9), in the case of a fully insured widow or surviving divorced wife, 75 percent of the sum of any old-age or disability insurance benefit for which the widow or the surviving divorced wife is entitled for such month and the primary insurance amount (as determined for purposes of this subsection after application of subparagraphs (B) and (C)) of such deceased individual. Coordination with special refund provision. For calendar years 2038 through 2040, 1.8 percent. Eliminating the 5-month waiting period for disability benefits, Section 223(a) of the Social Security Act (42 U.S.C. The amendments made by subsection (a) shall apply with respect to Social Security account statements required to be provided on or after January 1, 2022. Section 202(d)(7)(C) of such Act (42 U.S.C. For calendar years 2041 through 2043, 1.9 percent. (Co-sponsor) Subsection (a) of section 86 of the Internal Revenue Code of 1986 is amended to read as follows: Gross income for the taxable year of any taxpayer described in subsection (b) (notwithstanding section 207 of the Social Security Act) includes Social Security benefits in an amount equal to the lesser of, 85 percent of the Social Security benefits received during the taxable year, or. 904) is amended by adding at the end the following new subsection: The Commissioner may not close a field or hearing office of the Administration, consolidate two or more such offices, or otherwise impose any new limitation on public access to any such office, unless the Commissioner complies with the requirements of paragraphs (2), (3), (4), and (5) in connection with the closure, consolidation, or limitation on public access. As seniors and individuals with disabilities struggle to afford the costs of food, housing, and prescription drugs, this bill expands benefits and protections for millions of Americans. 402(d)(6)(A)) is amended to read as follows: is a full-time elementary or secondary school student and has not attained the age of 22, is a qualifying post-secondary school student and has not attained the age of 26, or, is under a disability (as defined in section 223(d)) and has not attained the age of 22, or. And starting in 2019 well be tracking Congresss oversight investigations of the executive branch. Social Media Child Protection Act would ban children younger than 16 from platforms like TikTok, REAL House Act, Equal Voice Act would each increase number of House of Representatives members, Standing with Moms Act would create Life.gov website of anti-abortion information for pregnant, Larson Statement on Social Security Trustees Report, Cicilline Hosts Social Security Day Of Action, Larson Commends Tri-Caucus and Task Force on Aging and Families Leadership Calling for Vote on Social Security 2100: A Sacred Trust. to account for the nonapplication of such amendments after calendar year 2026. 415(e)(1)), by inserting and before 2022 after after 1974. Although this bill was not enacted, its provisions could have become law by being included in another bill. Your note is for you and will not be shared with anyone. GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. 112. The table of contents for this Act is as follows: Sec. Join 10 million other Americans using GovTrack to learn about and contact your representative and senators and track what Congress is doing each day. by inserting after clause (iii) the following: 1 percent of the individuals excess average indexed monthly earnings (as defined in subsection (b)(5)(A)). Hospital Insurance Trust Fund held harmless. not later than 120 days before the date of the closure, consolidation, or limitation on access, the Commissioner provides effective public notice of the proposed closure, consolidation, or limitation on access (including, to the extent practicable, notice by direct mailing and through community outlets such as newspapers and posting in heavily frequented public spaces) to individuals residing in the area serviced by the affected office or offices; the public notice issued pursuant to clause (i) includes information on, how the Commissioner will, not later than 30 days after the date of the closure, consolidation, or limitation on access, replace the loss in access resulting from the closure, consolidation, or limitation on access by establishing a new office, increasing public access to a different office, or some other means; and, how to contact the Administration if an individual experiences service delays or problems as a result of the closure, consolidation, or limitation on access; and. ; and. Sec. Section 201 of such Act is further amended. in paragraph (2), by striking each of the Trust Funds and inserting the Social Security Trust Fund; in paragraph (3), by striking one of the Trust Funds and inserting the Trust Fund; and. 5723, the Social Security 2100: A Sacred Trust, into the legislative hopper.During its unveiling in the historic committee room of the House Ways and Means Social Security subcommittee, the same room where Social Security . 1395) is amended. Sec. Preventing an unintended drop in benefits relating to the application of the National Average Wage Index, Modifications related to computation of primary insurance amount, by striking the national and inserting (aa) the national; and, by striking , by at the end and inserting ; or; and. Any such quarterly payment shall be made on the first day of such quarter and shall take into account social security benefits estimated to be received during such quarter. Subchapter A of chapter 21 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: Special rules for remuneration from multiple employers, In the case of an employee receiving wages from more than one employer during a calendar year, there is hereby imposed a tax on such employee (for the last taxable year beginning in the calendar year the wages are received) equal to the excess (if any) of, the tax that would have been imposed by section 3101(a) if such wages had been received from one employer, over. Young Americans have historically been the least involved in politics, despite the huge consequences policies can have on them. Increasing access to benefits for children who live with grandparents or other relatives. Repealing the government pension offset and windfall elimination provisions, Repeal of government pension offset provision. Subcommittee on Social Security (Committee on Ways and Means) Tuesday, December 7, 2021 (1:00 PM) 1100 LHOB Washington, D.C. The term chronically dependent individual means an individual who, is dependent on a daily basis on verbal reminding, physical cueing, supervision, or other assistance provided to the individual by another person in the performance of at least two of the activities of daily living (described in subparagraph (B)) or instrumental activities of daily living (described in subparagraph (C)); and. The bill would apply the Social Security payroll tax of 12.4 percent, split equally between employees and employers, to earnings and self-employment income above $400,000. We love educating Americans about how their government works too! Determining wages and self-employment income above contribution and benefit base after 2021. No credit shall be determined under section 31(b) with respect to any employee for any taxable year unless the amount described in subsection (a)(1) with respect to wages received during the calendar year in which such taxable year begins exceeds the amount described in subsection (a)(2) with respect to such wages, and the amount of such credit so determined shall not exceed such excess. Data via the congress project. Please join our advisory group to let us know what more we can do. Congress should pass the act known as "Social Security 2100: A Sacred Trust" which would change the earnings subject to taxation. The justifications referred to in subparagraph (A)(iii) shall consist of the following: an analysis of the criteria used for selecting the field or hearing office or offices for closure, consolidation, or limited access; a description of a method of cost-benefit analysis which shall be applied by the Commissioner in connection with the closure, consolidation, or limitation on access, and which shall take into account, the anticipated effects on employees of the offices affected; and. For calendar years 2028 through 2031, 1.5 percent. Section 202(d)(7)(B) of such Act (42 U.S.C. Separately, Larson has proposed a bill to reform the program, titled Social Security 2100: A Sacred Trust, which seeks to set stricter requirements before field offices are closed, among other. 409(a)(1)(I)) is amended by inserting before the semicolon at the end the following: except that this subparagraph shall apply only to calendar years for which the contribution and benefit base (as so determined) is less than $400,000, and, for such calendar years, only to the extent that remuneration with respect to employment paid to such employee does not exceed $400,000. inserting or, in the case of a qualifying post-secondary school student, in at least half-time attendance at a post-secondary educational institution before immediately following such period each place it appears. Its an open protocol, which means it does not have an owner using the platform Conforming amendments related to Social Security Trust Fund. 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