S. 2671, Social Security 2100 Act

S. 2671, Social Security 2100 Act

If signed into law, S. 2671 would strengthen Social Security benefits by basing COLAs on the CPI-E, increasing monthly benefits by 2%, creating a new Special Minimum Benefit equal to 125% of the poverty line, providing a tax cut to Social Security beneficiaries, applying the payroll tax to annual income over $400,000, and gradually increasing the payroll tax rate by 0.25%.

Sen. Richard Blumenthal (CT) introduced S. 2671 on April 16, 2018. It has since been referred to the Committee on Finance.

Learn more about S. 2671 here.

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