Social Security Bill Pension
The Social Security Bill Pension is a proposed piece of legislation that would increase Social Security benefits for retirees. The bill has been introduced in both the House and Senate, but has not yet been passed into law.
Key Provisions of the Bill
- Increase in benefits: The bill would increase Social Security benefits by 2% per year for the next five years. This would result in a total increase of 10% by 2028.
- Expansion of eligibility: The bill would expand eligibility for Social Security benefits to include widows and widowers who are under the age of 60. It would also increase the number of years that workers can earn Social Security credits.
- Increased funding: The bill would increase funding for Social Security by raising the payroll tax rate. The tax rate would increase from 12.4% to 13.4%.
Support for the Bill
The Social Security Bill Pension has been met with mixed reactions. Supporters of the bill argue that it is necessary to protect the retirement security of Americans. They point out that Social Security benefits have not kept pace with inflation in recent years, and that the bill would help to ensure that retirees can maintain their standard of living.
Opposition to the Bill
Opponents of the bill argue that it is too expensive and that it would increase the deficit. They also argue that the bill would discourage people from saving for retirement on their own.
Outlook for the Bill
The Social Security Bill Pension is unlikely to be passed into law in the near future. The bill faces strong opposition from Republicans, who argue that it is too expensive. The bill is also opposed by some Democrats, who worry that it would increase the deficit.
The AI has provided us with the news.
I’ve asked Google Gemini the following question, and here’s its response.
Please search for “social security bill pension” which is rapidly rising on Google Trends US-FL and explain in detail. Answers should be in English.
149