,,ii #aaeth ,,congress #ast ,session ,s4 #dbg ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,february #af1 #bjag,mr4 ,sanders 7for himself and ,mrs4 ,gillibrand7 introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to enhance ,social ,security benefits and ensure the long-term solvency of the ,social ,security program4 #a4 ,short title2 table of contents 7a7 ,short title ,this ,act may be cited as the ,social ,security ,expansion ,act4 7b7 ,table of contents ,the table of contents of this ,act is as follows3 ,sec4 #a4 ,short title2 table of contents4,sec4 #b4 ,across-the-board benefit increase4,sec4 #c4 ,computation of cost-of-living increases4,sec4 #d4 ,increase in minimum benefit for lifetime low earners based on years in the workforce4,sec4 #e4 ,payroll tax on remuneration up to contribution and benefit base and more than #bej1jjj4,sec4 #f4 ,tax on net earnings from self-employment up to contribution and benefit base and more than #bej1jjj4,sec4 #g4 ,tax on investment gain4 #b4 ,across-the-board benefit increase ,section #bae7;a77#a77;,b7 of the ,social ,security ,act 7#db ,u4,s4,c4 #dae7;a77#a77;,b77 is amended-- 7#a7 by redesignating clause 7iii7 as clause 7iv72 and 7#b7 by inserting after clause 7ii7 the following new clause3 7iii7 ,for individuals who initially become eligible for old-age or disability insurance benefits1 or who die 7before becoming eligible for such benefits7 in any calendar year after #bjbb1 the amount determined under clause 7i7 of this subparagraph for purposes of subparagraph 7,a77i7 for such calendar year shall be increased by-- 7,i7 for calendar year #bjbc1 #a percent2 7,,ii7 for each of calendar years #bjbd through #bjcf1 the percent determined under this clause for the preceding year increased by #a percentage point2 and 7,,iii7 for calendar year #bjcg and each year thereafter1 #ae percent4 4 #c4 ,computation of cost-of-living increases 7a7 ,in general ,section #bae7;i77#a7 of the ,social ,security ,act 7#db ,u4,s4,c4 #dae7;i77#a77 is amended by adding at the end the following new subparagraph3 7,h7 the term ,consumer ,price ,index means the ,consumer ,price ,index for ,elderly ,consumers 7,,cpi-,e1 as published by the ,bureau of ,labor ,statistics of the ,department of ,labor74 4 7b7 ,application to pre-#aigi law 7#a7 ,in general ,section #bae7;i77#a7 of the ,social ,security ,act as in effect in ,december #aigh1 and as applied in certain cases under the provisions of such ,act as in effect after ,december #aigh1 is amended by adding at the end the following new subparagraph3 7,d7 the term ,consumer ,price ,index means the ,consumer ,price ,index for ,elderly ,consumers 7,,cpi-,e1 as published by the ,bureau of ,labor ,statistics of the ,department of ,labor74 4 7#b7 ,conforming change ,section #bae7;i77#d7 of the ,social ,security ,act 7#db ,u4,s4,c4 #dae7;i77#d77 is amended by inserting and by section #ajb of the ,social ,security ,expansion ,act after #aihf4 7c7 ,no effect on adjustments under other laws ,section #bae7;i7 of the ,social ,security ,act 7#db ,u4,s4,c4 #dae7;i77 is amended by adding at the end the following3 7#f7 ,any provision of law 7other than in this title1 title ,,viii1 or title ,,xvi7 which provides for adjustment of an amount based on a change in benefit amounts resulting from a determination made under this subsection shall be applied and administered without regard to the amendments made by section #ajb of the ,social ,security ,expansion ,act4 4 7d7 ,publication of ,consumer ,price ,index for ,elderly ,consumers ,the ,bureau of ,labor ,statistics of the ,department of ,labor shall prepare and publish the index authorized by section #aia of the ,older ,americans ,amendments ,act of #aihg 7#bi ,u4,s4,c4 #b note7 for each calendar month1 beginning with ,july of the calendar year following the calendar year in which this ,act is enacted1 and such index shall be known as the ,consumer ,price ,index for ,elderly ,consumers4 7e7 ,effective date ,the amendments made by subsection 7a7 shall apply to determinations made with respect to cost-of-living computation quarters 7as defined in section #bae7;i77#a77;,b7 of the ,social ,security ,act 7#db ,u4,s4,c4 #dae7;i77#a77;,b777 ending on or after ,september #cj of the second calendar year following the calendar year in which this ,act is enacted4 #d4 ,increase in minimum benefit for lifetime low earners based on years in the workforce 7a7 ,in general ,section #bae7;a77#a7 of the ,social ,security ,act 7#db ,u4,s4,c4 #dae7;a77#a77 is amended-- 7#a7 by redesignating subparagraph 7,d7 as subparagraph 7,e72 and 7#b7 by inserting after subparagraph 7,c7 the following new subparagraph3 7,d7 7i7 ,effective with respect to the benefits of individuals who become eligible for old-age insurance benefits or disability insurance benefits 7or die before becoming so eligible7 after #bjag1 no primary insurance amount computed under subparagraph 7,a7 may be less than the greater of-- 7,i7 the minimum monthly amount computed under subparagraph 7,c72 or 7,,ii7 in the case of an individual who has more than #aj years of work 7as defined in clause 7iv77,i771 the alternative minimum amount determined under clause 7ii74 7ii7 7,i7 ,the alternative minimum amount determined under this clause is the applicable percentage of #a_/ab of the annual dollar amount determined under clause 7iii7 for the year in which the amount is determined4 7,,ii7 ,for purposes of subclause 7,i71 the applicable percentage is the percentage specified in connection with the number of years of work1 as set forth in the following table3 ,if the number of years,the applicable of work is3percentage is3#aaf4be percent#abab4ej percent#acah4ge percent#adbe4jj percent#aeca4be percent#afcg4ej percent#agdc4ge percent#ahej4jj percent#aief4be percent#bjfb4ej percent#bafh4ge percent#bbge4jj percent#bcha4be percent#bdhg4ej percent#beic4ge percent#bfajj4jj percent#bgajf4be percent#bhaab4ej percent#biaah4ge percent#cj or more#abe4jj percent4 7iii7 ,the annual dollar amount determined under this clause is-- 7,i7 for calendar year #bjah1 the poverty guideline for #bjag2 and 7,,ii7 for any calendar year after #bjah1 the annual dollar amount for #bjag multiplied by the ratio of-- 7aa7 the national average wage index 7as defined in section #bji7k77#a77 for the second calendar year preceding the calendar year for which the determination is made1 to 7bb7 the national average wage index 7as so defined7 for #bjaf4 7iv7 ,for purposes of this subparagraph-- 7,i7 the term year of work means1 with respect to an individual1 a year to which #d quarters of coverage have been credited based on such individual's wages and self-employment income2 and 7,,ii7 the term poverty guideline for #bjag means the annual poverty guideline for #bjag 7as updated annually in the ,federal ,register by the ,department of ,health and ,human ,services under the authority of section #fgc7b7 of the ,omnibus ,budget ,reconciliation ,act of #aiha7 as applicable to a single individual4 4 7b7 ,recomputation ,notwithstanding section #bae7;f77#a7 of the ,social ,security ,act1 the ,commissioner of ,social ,security shall recompute primary insurance amounts originally computed for months prior to ,november #bjaf to the extent necessary to carry out the amendments made by this section4 7c7 ,conforming amendment ,section #bji7k77#a7 of such ,act 7#db ,u4,s4,c4 #dji7k77#a77 is amended by inserting #bae7;a77#a77;,e71 after #bae7;a77#a77;,d714 #e4 ,payroll tax on remuneration up to contribution and benefit base and more than #bej1jjj 7a7 ,in general ,paragraph 7#a7 of section #caba7;a7 of the ,internal ,revenue ,code of #aihf is amended by inserting after such calendar year4 the following3 ,the preceding sentence shall apply only to calendar years for which the contribution and benefit base 7as so determined7 is less than #bej1jjj1 and1 for such calendar years1 only to so much of the remuneration paid to such employee by such employer with respect to employment as does not exceed #bej1jjj44 7b7 ,conforming amendment ,paragraph 7#a7 of section #caba of the ,internal ,revenue ,code of #aihf is amended by striking ,act7 to and inserting ,act71 or in excess of #bej1jjj1 to4 7c7 ,effective date ,the amendments made by this section shall apply to remuneration paid after ,december #ca1 #bjag4 #f4 ,tax on net earnings from self-employment up to contribution and benefit base and more than #bej1jjj 7a7 ,in general ,paragraph 7#a7 of section #adjb7;b7 of the ,internal ,revenue ,code of #aihf is amended to read as follows3 7#a7 in the case of the tax imposed by section #adja7;a71 the excess of-- 7,a7 that part of the net earnings from self-employment which is in excess of-- 7i7 an amount equal to the contribution and benefit base 7as determined under section #bcj of the ,social ,security ,act7 which is effective for the calendar year in which such taxable year begins1 minus 7ii7 the amount of the wages paid to such individual during such taxable years1 over 7,b7 that part of the net earnings from self-employment which is in excess of the sum of-- 7i7 the excess of-- 7,i7 the net earning from self-employment reduced by the excess 7if any7 of subparagraph 7,a77i7 over subparagraph 7,a77ii71 over 7,,ii7 #bej1jjj1 reduced by such contribution and benefit base1 plus 7ii7 the amount of the wages paid to such individual during such taxable year in excess of such contribution and benefit base and not in excess of #bej1jjj2 or 4 7b7 ,phaseout ,subsection 7b7 of section #adjb of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following3 ,paragraph 7#a7 shall apply only to taxable years beginning in calendar years for which the contribution and benefit base 7as determined under section #bcj of the ,social ,security ,act7 is less than #bej1jjj44 7c7 ,effective date ,the amendments made by this section shall apply to net earnings from self-employment derived1 and remuneration paid1 after ,december #ca1 #bjag4 #g4 ,tax on investment gain 7a7 ,in general ,subsection 7a7 of section #adaa of the ,internal ,revenue ,code of #aihf is amended by striking #c4h percent each place it appears and inserting #aj percent4 7b7 ,conforming amendment ,the heading for chapter #b;,a of the ,internal ,revenue ,code of #aihf is amended by inserting and ,social ,security after ,medicare4 7c7 ,trust funds 7#a7 ,federal ,old-age and ,survivors ,insurance ,trust ,fund ,subsection 7a7 of section #bja of the ,social ,security ,act 7#db ,u4,s4,c4 #dja7 is amended-- 7,a7 in paragraph 7#d71 by striking the period at the end and inserting 2 and2 7,b7 by inserting after paragraph 7#d7 the following new paragraph3 7#e7 #fb percent of the taxes imposed under section #adaa of the ,internal ,revenue ,code of #aihf1 less the amounts specified in clause 7#c7 of subsection 7b7 of this section4 2 and 7,c7 in the flush matter at the end-- 7i7 by striking clauses 7#c7 and 7#d7 each place it appears and inserting clauses 7#c71 7#d71 and 7#e72 and 7ii7 by striking clauses 7#a7 and 7#b7 and inserting clauses 7#a71 7#b71 and 7#c74 7#b7 ,federal ,disability ,insurance ,trust ,fund ,subsection 7b7 of such section is amended-- 7,a7 in paragraph 7#b71 by striking the period at the end and inserting 2 and2 and 7,b7 by adding at the end the following new paragraph3 7#c7 #i percent of the taxes imposed under section #adaa of the ,internal ,revenue ,code of #aihf4 4 7d7 ,effective date ,the amendments made by this section shall apply to taxable years beginning after ,december #ca1 #bjag4