Social Security Expansion Act
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Social Security Expansion Act
This bill increases benefits and certain taxes related to the Social Security program.
Changes to benefits include (1) increasing the primary insurance amount for certain beneficiaries; (2) revising the method of calculating cost-of-living adjustments; (3) establishing a new minimum benefit for certain low earners; and (4) allowing certain children of retired, deceased, or disabled workers to receive benefits until age 22 if they are a full-time student.
Changes to taxes include (1) increasing the net investment income tax and making active trade or business income subject to this tax; and (2) extending payroll taxes on wages, salaries, and self-employment earnings to income above $250,000 (the maximum amount subject to the Social Security payroll tax is currently $160,200 for 2023).
The bill also combines the existing Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund into a single Social Security Trust Fund.
Referred to the Subcommittee on Social Security.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 1046: Social Security Expansion Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-1046/
"H.R. 1046: Social Security Expansion Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-1046/.
H.R. 1046, 118th Cong. (2026), https://openamerica.io/bill/118-HR-1046/.
[H.R. 1046: Social Security Expansion Act](https://openamerica.io/bill/118-HR-1046/)