On February 16th, Senator Bernie Sanders (I-VT) introduced legislation to Congress seeking to repair the long-term solvency of theSocial Security Trust Fund and greatly expand benefits for Social Security beneficiaries.
The legislation — presented to Congress on the day Americans with incomes of $1 million or greater stop contributing to the Trust Fund for the year — proposes removing the current taxable income cap to improve the solvency of Social Security for 61 years, allowing benefits for the lowest earning beneficiaries to be raised by $1,300.
