US HB1391 | 2015-2016 | 114th Congress

Status

Spectrum: Partisan Bill (Democrat 106-0)
Status: Introduced on March 17 2015 - 25% progression, died in committee
Action: 2015-04-29 - Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
Pending: House Subcommittee on Health, Employment, Labor, and Pensions Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Social Security 2100 Act Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SSAct) to: increase the primary insurance amount formula factor from 90% to 93% for all eligible beneficiaries, beginning in 2016; revise computation of cost-of-living adjustments to use the Consumer Price Index for Elderly Consumers; increase the special minimum primary insurance amount for lifetime low earners based on years in the workforce. Amends the Internal Revenue Code (IRC) to increase the gross income threshold for taxation of Social Security benefits from $25,000 to $50,000 for single taxpayers and from $32,000 to $100,000 for married taxpayers filing joint returns, beginning in 2016. Amends the IRC and SSAct title II to impose the employment tax on all wage income above $400,000, effective in 2016. Requires incremental increases, up to 15.3% in 2084, in the employment and self-employment taxes. Amends SSAct title II to include 2% of an individual's excess average indexed monthly earnings (over $400,000 per annum) in the formula for determining primary insurance amounts. Amends IRC to increase the Social Security tax rate on employees and employers and with respect to self-employment income. Requires reallocation of a portion of employment tax revenues from the OASDI Trust Fund to the Federal Disability Insurance Trust Fund for wages paid after 2014.

Tracking Information

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Title

Social Security 2100 Act

Sponsors

Rep. John Larson [D-CT]Rep. Joseph Crowley [D-NY]Rep. Danny Davis [D-IL]Rep. John Lewis [D-GA]
Rep. Jim McDermott [D-WA]Rep. Richard Neal [D-MA]Rep. Bill Pascrell [D-NJ]Rep. Charles Rangel [D-NY]
Rep. Linda Sanchez [D-CA]Rep. Mike Thompson [D-CA]Sen. Chris Van Hollen [D-MD]Rep. Brendan Boyle [D-PA]
Rep. Robert Brady [D-PA]Rep. Michael Capuano [D-MA]Rep. Matthew Cartwright [D-PA]Rep. Judy Chu [D-CA]
Rep. Katherine Clark [D-MA]Rep. John Conyers [D-MI]Rep. Joe Courtney [D-CT]Rep. Elijah Cummings [D-MD]
Rep. Rosa DeLauro [D-CT]Rep. Michael Doyle [D-PA]Rep. Donna Edwards [D-MD]Rep. Keith Ellison [D-MN]
Rep. Anna Eshoo [D-CA]Rep. Elizabeth Esty [D-CT]Rep. Sam Farr [D-CA]Rep. Chaka Fattah [D-PA]
Rep. Tulsi Gabbard [D-HI]Rep. Ruben Gallego [D-AZ]Rep. Alan Grayson [D-FL]Rep. Raul Grijalva [D-AZ]
Rep. Alcee Hastings [D-FL]Rep. Michael Honda [D-CA]Rep. Jared Huffman [D-CA]Rep. Steve Israel [D-NY]
Rep. Hakeem Jeffries [D-NY]Rep. Marcy Kaptur [D-OH]Rep. William Keating [D-MA]Rep. Joseph Kennedy [D-MA]
Rep. Ted Lieu [D-CA]Rep. James McGovern [D-MA]Rep. Gregory Meeks [D-NY]Rep. Jerrold Nadler [D-NY]
Rep. Richard Nolan [D-MN]Rep. Eleanor Norton [D-DC]Rep. Donald Payne [D-NJ]Rep. Cedric Richmond [D-LA]
Rep. Tim Ryan [D-OH]Rep. Robert Scott [D-VA]Rep. Jose Serrano [D-NY]Rep. Albio Sires [D-NJ]
Rep. Louise Slaughter [D-NY]Rep. Paul Tonko [D-NY]Rep. Juan Vargas [D-CA]Rep. James Langevin [D-RI]
Rep. Janice Schakowsky [D-IL]Rep. Janice Hahn [D-CA]Rep. Frederica Wilson [D-FL]Rep. David Cicilline [D-RI]
Rep. Barbara Lee [D-CA]Rep. Mark Pocan [D-WI]Rep. Betty McCollum [D-MN]Rep. Mark Takai [D-HI]
Rep. Corrine Brown [D-FL]Rep. Steve Cohen [D-TN]Rep. Tony Cardenas [D-CA]Rep. Maxine Waters [D-CA]
Rep. Don Beyer [D-VA]Rep. Grace Meng [D-NY]Rep. Jerry McNerney [D-CA]Rep. Kathy Castor [D-FL]
Rep. Brenda Lawrence [D-MI]Rep. Bonnie Coleman [D-NJ]Rep. Marcia Fudge [D-OH]Rep. Yvette Clarke [D-NY]
Rep. Robin Kelly [D-IL]Rep. Mark DeSaulnier [D-CA]Rep. Luis Gutierrez [D-IL]Rep. Marc Veasey [D-TX]
Rep. Lucille Roybal-Allard [D-CA]Rep. Eddie Johnson [D-TX]Rep. Chellie Pingree [D-ME]Rep. Joyce Beatty [D-OH]
Rep. Peter DeFazio [D-OR]Rep. Lacy Clay [D-MO]Rep. Bennie Thompson [D-MS]Rep. Alan Lowenthal [D-CA]
Rep. Gwen Moore [D-WI]Rep. Doris Matsui [D-CA]Rep. Seth Moulton [D-MA]Rep. Brian Higgins [D-NY]
Rep. Jackie Speier [D-CA]Rep. Lois Capps [D-CA]Rep. Zoe Lofgren [D-CA]Rep. Grace Napolitano [D-CA]
Rep. Ed Perlmutter [D-CO]Rep. Alma Adams [D-NC]Rep. G. Butterfield [D-NC]Rep. Dina Titus [D-NV]
Rep. Suzanne Bonamici [D-OR]Rep. John Yarmuth [D-KY]Rep. Brad Ashford [D-NE]Rep. Pete Aguilar [D-CA]
Rep. Debbie Wasserman Schultz [D-FL]Rep. Derek Kilmer [D-WA]

History

DateChamberAction
2015-04-29HouseReferred to the Subcommittee on Health, Employment, Labor, and Pensions.
2015-03-27HouseReferred to the Subcommittee on Social Security.
2015-03-25HouseSponsor introductory remarks on measure. (CR H2029-2031)
2015-03-17HouseReferred to House Education and the Workforce
2015-03-17HouseReferred to House Ways and Means
2015-03-17HouseReferred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2015-03-17HouseIntroduced in House

Same As/Similar To

SB731 (Related) 2015-03-12 - Read twice and referred to the Committee on Finance.
SB1904 (Same As) 2015-07-30 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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