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S. 3070

Safeguarding American Families and Expanding Social Security Act of 2021

Safeguarding American Families and Expanding Social Security Act of 2021

This bill makes various changes to Social Security benefits, including phasing out the cap on earnings subject to Social Security payroll taxes (currently $142,800 for 2021) and revising the method of calculating Social Security benefits to account for the additional earnings subject to the taxes.

Read twice and referred to the Committee on Finance.

Sen. Schatz, Brian [D-HI](D-HI)Sponsor
1 cosponsor1 D
1cosponsors1committees2actions
  1. IntroReferral

    Read twice and referred to the Committee on Finance.

    Finance Committee
  2. IntroReferral10000

    Introduced in Senate

Safeguarding American Families and Expanding Social Security Act of 2021 — Informed