II 

114TH CONGRESS 

1ST SESSION S. 1904 

To protect our Social Security system and improve benefits for current and 

future generations. 

IN THE SENATE OF THE UNITED STATES 

JULY 30, 2015 

Mr. BLUMENTHAL introduced the following bill; which was read twice and 

referred to the Committee on Finance 

A BILL 

To protect our Social Security system and improve benefits 

for current and future generations. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Social Security 2100 

5 Act’’. 


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1 TITLE I—STRENGTHENING 

2 BENEFITS 

3 SEC. 101. ACROSS-THE-BOARD BENEFIT INCREASE. 

4 (a) IN GENERAL.—Section 215(a)(1)(A)(i) of the So5 cial Security Act (42 U.S.C. 415(a)(1)(A)(i)) is amended 

6 by striking ‘‘90 percent’’ and inserting ‘‘93 percent’’. 

7 (b) EFFECTIVE DATE.— 

8 (1) IN GENERAL.—The amendment made by 

9 subsection (a) shall apply with respect to monthly 

10 insurance benefits payable for any month after De11 cember 2015. 

12 (2) RECOMPUTATION OF PRIMARY INSURANCE

13 AMOUNTS.—Notwithstanding section 215(f) of the 

14 Social Security Act, the Commissioner of Social Se15 curity shall recompute primary insurance amounts 

16 originally computed for months prior to January 

17 2016 to the extent necessary to carry out the 

18 amendments made by this section. 

19 SEC. 102. COMPUTATION OF COST-OF-LIVING INCREASES. 

20 (a) IN GENERAL.—Section 215(i)(1) of the Social Se21 curity Act (42 U.S.C. 415(i)(1)) is amended by adding 

22 at the end the following new subparagraph: 

23 ‘‘(H) the term ‘Consumer Price Index’ means 

24 the Consumer Price Index for Elderly Consumers 


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1 (CPI–E, as published by the Bureau of Labor Sta2 tistics of the Department of Labor).’’. 

3 (b) APPLICATION TO PRE-1979 LAW.— 

4 (1) IN GENERAL.—Section 215(i)(1) of the So5 cial Security Act as in effect in December 1978, and 

6 as applied in certain cases under the provisions of 

7 such Act as in effect after December 1978, is 

8 amended by adding at the end the following new 

9 subparagraph: 

10 ‘‘(D) the term ‘Consumer Price Index’ means 

11 the Consumer Price Index for Elderly Consumers 

12 (CPI–E, as published by the Bureau of Labor Sta13 tistics of the Department of Labor).’’. 

14 (2) CONFORMING CHANGE.—Section 215(i)(4) 

15 of the Social Security Act (42 U.S.C. 415(i)(4)) is 

16 amended by inserting ‘‘and by section 102 of the So17 cial Security 2100 Act’’ after ‘‘1986’’. 

18 (c) NO EFFECT ON ADJUSTMENTS UNDER OTHER

19 LAWS.—Section 215(i) of the Social Security Act (42 

20 U.S.C. 415(i)) is amended by adding at the end the fol21 lowing: 

22 ‘‘(6) Any provision of law (other than in this title, 

23 title VIII, or title XVI) which provides for adjustment of 

24 an amount based on a change in benefit amounts resulting 

25 from a determination made under this subsection shall be 


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1 applied and administered without regard to the amend2 ments made by section 102 of the Social Security 2100 

3 Act.’’. 

4 (d) PUBLICATION OF CONSUMER PRICE INDEX FOR

5 ELDERLY CONSUMERS.—The Bureau of Labor Statistics 

6 of the Department of Labor shall prepare and publish the 

7 index authorized by section 191 of the Older Americans 

8 Amendments Act of 1987 (29 U.S.C. 2 note) for each cal9 endar month, beginning with July of the calendar year fol10 lowing the calendar year in which this Act is enacted, and 

11 such index shall be known as the ‘‘Consumer Price Index 

12 for Elderly Consumers’’. 

13 (e) EFFECTIVE DATE.—The amendments made by 

14 subsection (a) shall apply to determinations made with re15 spect to cost-of-living computation quarters (as defined in 

16 section 215(i)(1)(B) of the Social Security Act (42 U.S.C. 

17 415(i)(1)(B))) ending on or after September 30 of the sec18 ond calendar year following the calendar year in which this 

19 Act is enacted. 

20 SEC. 103. INCREASE IN MINIMUM BENEFIT FOR LIFETIME 

21 LOW EARNERS BASED ON YEARS IN THE 

22 WORKFORCE. 

23 (a) IN GENERAL.—Section 215(a)(1) of the Social 

24 Security Act (42 U.S.C. 415(a)(1)) is amended— 


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1 (1) by redesignating subparagraph (D) as sub2 paragraph (E); and 

3 (2) by inserting after subparagraph (C) the fol4 lowing new subparagraph: 

5 ‘‘(D)(i) Effective with respect to the benefits of indi6 viduals who become eligible for old-age insurance benefits 

7 or disability insurance benefits (or die before becoming so 

8 eligible) after 2015, no primary insurance amount com9 puted under subparagraph (A) may be less than the great10 er of— 

11 ‘‘(I) the minimum monthly amount computed 

12 under subparagraph (C); or 

13 ‘‘(II) in the case of an individual who has more 

14 than 10 years of work (as defined in clause (iv)(I)), 

15 the alternative minimum amount determined under 

16 clause (ii). 

17 ‘‘(ii)(I) The alternative minimum amount determined 

under this clause is the applicable percentage of 1 18 ⁄12 of 

19 the annual dollar amount determined under clause (iii) for 

20 the year in which the amount is determined. 

21 ‘‘(II) For purposes of subclause (I), the applicable 

22 percentage is the percentage specified in connection with 

23 the number of years of work, as set forth in the following 

24 table: 


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‘‘If the number of years The applicable 

of work is: percentage is: 

11 ...................................................................................... 6.25 percent

12 ...................................................................................... 12.50 percent

13 ...................................................................................... 18.75 percent

14 ...................................................................................... 25.00 percent

15 ...................................................................................... 31.25 percent

16 ...................................................................................... 37.50 percent

17 ...................................................................................... 43.75 percent

18 ...................................................................................... 50.00 percent

19 ...................................................................................... 56.25 percent

20 ...................................................................................... 62.50 percent

21 ...................................................................................... 68.75 percent

22 ...................................................................................... 75.00 percent

23 ...................................................................................... 81.25 percent

24 ...................................................................................... 87.50 percent

25 ...................................................................................... 93.75 percent

26 ...................................................................................... 100.00 percent

27 ...................................................................................... 106.25 percent

28 ...................................................................................... 112.50 percent

29 ...................................................................................... 118.75 percent

30 or more ........................................................................ 125.00 percent. 

1 ‘‘(iii) The annual dollar amount determined under 

2 this clause is— 

3 ‘‘(I) for calendar year 2016, the poverty guide4 line for 2015; and 

5 ‘‘(II) for any calendar year after 2016, the an6 nual dollar amount for 2016 multiplied by the ratio 

7 of— 

8 ‘‘(aa) the national average wage index (as 

9 defined in section 209(k)(1)) for the second cal10 endar year preceding the calendar year for 

11 which the determination is made, to 

12 ‘‘(bb) the national average wage index (as 

13 so defined) for 2014. 

14 ‘‘(iv) For purposes of this subparagraph— 


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1 ‘‘(I) the term ‘year of work’ means, with re2 spect to an individual, a year to which 4 quarters of 

3 coverage have been credited based on such individ4 ual’s wages and self-employment income; and 

5 ‘‘(II) the term ‘poverty guideline for 2015’ 

6 means the annual poverty guideline for 2015 (as up7 dated annually in the Federal Register by the De8 partment of Health and Human Services under the 

9 authority of section 673(2) of the Omnibus Budget 

10 Reconciliation Act of 1981) as applicable to a single 

11 individual.’’. 

12 (b) RECOMPUTATION.—Notwithstanding section 

13 215(f)(1) of the Social Security Act, the Commissioner of 

14 Social Security shall recompute primary insurance 

15 amounts originally computed for months prior to Novem16 ber 2015 to the extent necessary to carry out the amend17 ments made by this section. 

18 (c) CONFORMING AMENDMENT.—Section 209(k)(1) 

19 of such Act (42 U.S.C. 409(k)(1)) is amended by inserting 

20 ‘‘215(a)(1)(E),’’ after ‘‘215(a)(1)(D),’’. 


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1 SEC. 104. INCREASE IN THRESHOLD AMOUNTS AND RATE 

2 FOR INCLUSION OF SOCIAL SECURITY BENE3 FITS IN INCOME. 

4 (a) IN GENERAL.—Subsection (a) of section 86 of the 

5 Internal Revenue Code of 1986 is amended to read as fol6 lows: 

7 ‘‘(a) IN GENERAL.—Gross income for the taxable 

8 year of any taxpayer described in subsection (b) (notwith9 standing section 207 of the Social Security Act) includes 

10 social security benefits in an amount equal to the lesser 

11 of— 

12 ‘‘(1) 85 percent of the social security benefits 

13 received during the taxable year, or 

14 ‘‘(2) one-half of the excess described in sub15 section (b)(1).’’. 

16 (b) BASE AMOUNT.—Subsection (c) of section 86 of 

17 such Code is amended to read as follows: 

18 ‘‘(c) BASE AMOUNT.—For purposes of this section, 

19 the term ‘base amount’ means— 

20 ‘‘(1) except as otherwise provided in this para21 graph, $50,000, 

22 ‘‘(2) $100,000 in the case of a joint return, and 

23 ‘‘(3) zero in the case of a taxpayer who— 

24 ‘‘(A) is married as of the close of the tax25 able year (within the meaning of section 7703) 


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1 but does not file a joint return for such year, 

2 and 

3 ‘‘(B) does not live apart from his spouse at 

4 all times during the taxable year.’’. 

5 (c) HOSPITAL INSURANCE TRUST FUND HELD

6 HARMLESS.—Section 121(e)(1) of the Social Security 

7 Amendments of 1986 (42 U.S.C. 401 note) is amended 

8 by adding at the end the following new subparagraph: 

9 ‘‘(C) The amounts appropriated to the hospital 

10 insurance trust fund by subparagraph (B) shall be 

11 determined, and transferred from the general fund, 

12 at such times and in such manner so as to replicate, 

13 to the extent possible, the appropriations and trans14 fers which would have occurred with respect to such 

15 trust fund had subsections (a) and (b) of section 

16 104 of the Social Security 2100 Act not been en17 acted.’’. 

18 (d) EFFECTIVE DATE.—The amendments made by 

19 this section shall apply to taxable years beginning after 

20 December 31, 2015. 


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1 TITLE II—STRENGTHENING THE 

2 TRUST FUND 

3 SEC. 201. DETERMINATION OF WAGES AND SELF-EMPLOY4 MENT INCOME ABOVE CONTRIBUTION AND 

5 BENEFIT BASE AFTER 2015. 

6 (a) DETERMINATION OF WAGES ABOVE CONTRIBU7 TION AND BENEFIT BASE AFTER 2015.— 

8 (1) AMENDMENTS TO THE INTERNAL REVENUE

9 CODE.— 

10 (A) IN GENERAL.—Paragraph (1) of sec11 tion 3121(a) of the Internal Revenue Code of 

12 1986 is amended by inserting after ‘‘such cal13 endar year.’’ the following: ‘‘The preceding sen14 tence shall apply only to calendar years for 

15 which the contribution and benefit base (as so 

16 determined) is less than $400,000, and, for 

17 such calendar years, only to the extent remu18 neration paid to such employee by such em19 ployer with respect to employment does not ex20 ceed $400,000.’’. 

21 (B) CONFORMING AMENDMENT.—Para22 graph (1) of section 3121(a) of the Internal 

23 Revenue Code of 1986 is amended by striking 

24 ‘‘Act) to’’ and inserting ‘‘Act), or in excess of 

25 $400,000, to’’. 


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1 (2) AMENDMENT TO THE SOCIAL SECURITY

2 ACT.—Section 209(a)(1)(I) of the Social Security 

3 Act (42 U.S.C. 409(a)(1)(I)) is amended by insert4 ing before the semicolon at the end the following: 

5 ‘‘except that this subparagraph shall apply only to 

6 calendar years for which the contribution and ben7 efit base (as so determined) is less than $400,000, 

8 and, for such calendar years, only to the extent re9 muneration paid to such employee by such employer 

10 with respect to employment does not exceed 

11 $400,000’’. 

12 (3) EFFECTIVE DATE.—The amendments made 

13 by this subsection shall apply with respect to remu14 neration paid in calendar years after 2015. 

15 (b) DETERMINATION OF SELF-EMPLOYMENT IN16 COME ABOVE CONTRIBUTION AND BENEFIT BASE AFTER

17 2015.— 

18 (1) AMENDMENTS TO THE INTERNAL REVENUE

19 CODE.— 

20 (A) IN GENERAL.—Paragraph (1) of sec21 tion 1402(b) of the Internal Revenue Code of 

22 1986 is amended to read as follows: 

23 ‘‘(1) in the case of the tax imposed by section 

24 1401(a), an amount equal to— 


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1 ‘‘(A) $400,000, reduced (but not below 

2 zero) by 

3 ‘‘(B) the sum of— 

4 ‘‘(i) the part of the net earnings from 

5 self-employment (if any) which is not in 

6 excess of— 

7 ‘‘(I) the amount equal to the con8 tribution and benefit base (as deter9 mined under section 230 of the Social 

10 Security Act) which is effective for the 

11 calendar year in which such taxable 

12 year begins, minus 

13 ‘‘(II) the amount of the wages 

14 paid to such individual during such 

15 taxable year, plus 

16 ‘‘(ii) the amount of the wages paid to 

17 such individual during such taxable year 

18 which is in excess of the amount in clause 

19 (i)(I); or’’. 

20 (B) PHASEOUT.—Subsection (b) of section 

21 1402 of the Internal Revenue Code of 1986 is 

22 amended by adding at the end the following: 

23 ‘‘Paragraph (1) shall apply only to taxable 

24 years beginning in calendar years for which the 

25 contribution and benefit base (as determined 


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1 under section 230 of the Social Security Act) is 

2 less than $400,000.’’. 

3 (2) AMENDMENTS TO THE SOCIAL SECURITY

4 ACT.— 

5 (A) IN GENERAL.—Section 211(b)(1) of 

6 the Social Security Act (42 U.S.C. 411(b)) is 

7 amended— 

8 (i) in subparagraph (I)— 

9 (I) by inserting ‘‘and before 

10 2015’’ after ‘‘1974’’; and 

11 (II) by striking ‘‘or’’ at the end; 

12 and 

13 (ii) by adding at the end the fol14 lowing: 

15 ‘‘(J) For any taxable year beginning in any 

16 calendar year after 2015, an amount equal to— 

17 ‘‘(i) $400,000, reduced (but not below 

18 zero) by 

19 ‘‘(ii) the sum of— 

20 ‘‘(I) the part of the net earnings 

21 from self-employment (if any) which is 

22 not in excess of— 

23 ‘‘(aa) the amount equal to 

24 the contribution and benefit base 

25 (as determined under section 


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1 230) which is effective for the 

2 calendar year in which such tax3 able year begins, minus 

4 ‘‘(bb) the amount of the 

5 wages paid to such individual 

6 during such taxable year, plus 

7 ‘‘(II) the amount of the wages 

8 paid to such individual during such 

9 taxable year which is in excess of the 

10 amount in subclause (I)(aa); or’’. 

11 (B) PHASEOUT.—Section 211(b) of the 

12 Social Security Act (42 U.S.C. 411(b)) is 

13 amended by adding at the end the following: 

14 ‘‘Paragraph (1) shall apply only to taxable 

15 years beginning in calendar years for which the 

16 contribution and benefit base (as determined 

17 under section 230) is less than $400,000.’’. 

18 (3) EFFECTIVE DATE.—The amendments made 

19 by this subsection shall apply to net earnings from 

20 self-employment derived, and remuneration paid, in 

21 calendar years after 2015. 

22 SEC. 202. INCLUSION OF EARNINGS OVER $400,000 IN SO23 CIAL SECURITY BENEFIT FORMULA. 

24 (a) INCLUSION OF EARNINGS OVER $400,000 IN DE25 TERMINATION OF PRIMARY INSURANCE AMOUNTS.—SecVerDate Sep 11 2014 04:11 Aug 01, 2015 Jkt 049200 PO 00000 Frm 00014 Fmt 6652 Sfmt 6201 E:\BILLS\S1904.IS S1904

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1 tion 215(a)(1)(A) of the Social Security Act (42 U.S.C. 

2 415(a)(1)(A)) is amended— 

3 (1) in clause (ii), by striking ‘‘and’’ at the end; 

4 (2) in clause (iii), by inserting ‘‘and’’ at the 

5 end; and 

6 (3) by inserting after clause (iii) the following: 

7 ‘‘(iv) 2 percent of the individual’s excess aver8 age indexed monthly earnings (as defined in sub9 section (b)(5)(A)).’’. 

10 (b) DEFINITION OF EXCESS AVERAGE INDEXED

11 MONTHLY EARNINGS.—Section 215(b) of the Social Secu12 rity Act (42 U.S.C. 415(b)) is amended— 

13 (1) by striking ‘‘wages’’ and ‘‘self-employment 

14 income’’ each place such terms appear and inserting 

15 ‘‘basic wages’’ and ‘‘basic self-employment income’’, 

16 respectively; and 

17 (2) by adding at the end the following: 

18 ‘‘(5)(A) An individual’s excess average indexed 

19 monthly earnings shall be equal to the amount of the indi20 vidual’s average indexed monthly earnings that would be 

21 determined under this subsection by substituting ‘excess 

22 wages’ for ‘basic wages’ and ‘excess self-employment in23 come’ for ‘basic self-employment income’ each place such 

24 terms appear in this subsection (except in this paragraph). 

25 ‘‘(B) For purposes of this subsection— 


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1 ‘‘(i) the term ‘basic wages’ means that portion 

2 of the wages of an individual paid in a year that 

3 does not exceed the contribution and benefit base for 

4 the year; 

5 ‘‘(ii) the term ‘basic self-employment income’ 

6 means that portion of the self-employment income of 

7 an individual credited to a year that does not exceed 

8 an amount equal to the contribution and benefit 

9 base for the year minus the amount of the wages 

10 paid to the individual in the year; 

11 ‘‘(iii) the term ‘excess wages’ means that por12 tion of the wages of an individual paid in a year 

13 after 2015 in excess of the higher of $400,000 or 

14 the contribution and benefit base for the year; and 

15 ‘‘(iv) the term ‘excess self-employment income’ 

16 means that portion of the self-employment income of 

17 an individual credited to a year after 2015 in excess 

18 of the higher of $400,000 or such contribution and 

19 benefit base.’’. 

20 (c) CONFORMING AMENDMENT.—Section 215(e)(1) 

21 of the Social Security Act (42 U.S.C. 415(e)(1)) is amend22 ed by inserting ‘‘and before 2016’’ after ‘‘1974’’. 

23 (d) EFFECTIVE DATE.—The amendments made by 

24 this section shall apply with respect to individuals who ini25 tially become eligible (within the meaning of section 


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1 215(a)(3)(B) of the Social Security Act) for old-age or dis2 ability insurance benefits under title II of the Social Secu3 rity Act, or who die (before becoming eligible for such ben4 efits), in any calendar year after 2015. 

5 SEC. 203. INCREASE IN SOCIAL SECURITY TAX RATE. 

6 (a) TAX ON EMPLOYEES.—The table in subsection 

7 (a) of section 3101 of the Internal Revenue Code of 1986 

8 is amended to read as follows: 

‘‘In cases of wages The rate of tax 

received during: shall be: 

1990 or any calendar year before 2018 ............................ 6.20 percent

2018 .................................................................................. 6.25 percent

2019 .................................................................................. 6.30 percent

2020 .................................................................................. 6.35 percent

2021 .................................................................................. 6.40 percent

2022 .................................................................................. 6.45 percent

2023 .................................................................................. 6.50 percent

2024 .................................................................................. 6.55 percent

2025 .................................................................................. 6.60 percent

2026 .................................................................................. 6.65 percent

2027 .................................................................................. 6.70 percent

2028 .................................................................................. 6.75 percent

2029 .................................................................................. 6.80 percent

2030 .................................................................................. 6.85 percent

2031 .................................................................................. 6.90 percent

2032 .................................................................................. 6.95 percent

2033 .................................................................................. 7.00 percent

2034 .................................................................................. 7.05 percent

2035 .................................................................................. 7.10 percent

2036 .................................................................................. 7.15 percent

2037 .................................................................................. 7.20 percent

2038 .................................................................................. 7.25 percent

2039 .................................................................................. 7.30 percent

2040 .................................................................................. 7.35 percent

any calendar year after 2040 and before 2080 ................ 7.40 percent

2080 .................................................................................. 7.45 percent

2081 .................................................................................. 7.50 percent

2082 .................................................................................. 7.55 percent

2083 .................................................................................. 7.60 percent

2084 .................................................................................. 7.65 percent.’’. 


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1 (b) TAX ON EMPLOYERS.—The table in subsection 

2 (a) of section 3111 of the Internal Revenue Code of 1986 

3 is amended to read as follows: 

‘‘In cases of wages The rate of tax 

received during: shall be: 

1990 or any calendar year before 2018 ............................ 6.20 percent

2018 .................................................................................. 6.25 percent

2019 .................................................................................. 6.30 percent

2020 .................................................................................. 6.35 percent

2021 .................................................................................. 6.40 percent

2022 .................................................................................. 6.45 percent

2023 .................................................................................. 6.50 percent

2024 .................................................................................. 6.55 percent

2025 .................................................................................. 6.60 percent

2026 .................................................................................. 6.65 percent

2027 .................................................................................. 6.70 percent

2028 .................................................................................. 6.75 percent

2029 .................................................................................. 6.80 percent

2030 .................................................................................. 6.85 percent

2031 .................................................................................. 6.90 percent

2032 .................................................................................. 6.95 percent

2033 .................................................................................. 7.00 percent

2034 .................................................................................. 7.05 percent

2035 .................................................................................. 7.10 percent

2036 .................................................................................. 7.15 percent

2037 .................................................................................. 7.20 percent

2038 .................................................................................. 7.25 percent

2039 .................................................................................. 7.30 percent

2040 .................................................................................. 7.35 percent

any calendar year after 2040 and before 2080 ................ 7.40 percent

2080 .................................................................................. 7.45 percent

2081 .................................................................................. 7.50 percent

2082 .................................................................................. 7.55 percent

2083 .................................................................................. 7.60 percent

2084 .................................................................................. 7.65 percent.’’. 

4 (c) SELF-EMPLOYMENT INCOME.—The table in sub5 section (a) of section 1401 of the Internal Revenue Code 

6 of 1986 is amended to read as follows: 

‘‘In cases of wages The rate of tax 

received during: shall be: 

1990 or any calendar year before 2018 ............................ 12.40 percent

2018 .................................................................................. 12.50 percent

2019 .................................................................................. 12.60 percent

2020 .................................................................................. 12.70 percent

2021 .................................................................................. 12.80 percent

2022 .................................................................................. 12.90 percent

2023 .................................................................................. 13.00 percent


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‘‘In cases of wages The rate of tax 

received during: shall be: 

2024 .................................................................................. 13.10 percent

2025 .................................................................................. 13.20 percent

2026 .................................................................................. 13.30 percent

2027 .................................................................................. 13.40 percent

2028 .................................................................................. 13.50 percent

2029 .................................................................................. 13.60 percent

2030 .................................................................................. 13.70 percent

2031 .................................................................................. 13.80 percent

2032 .................................................................................. 13.90 percent

2033 .................................................................................. 14.00 percent

2034 .................................................................................. 14.10 percent

2035 .................................................................................. 14.20 percent

2036 .................................................................................. 14.30 percent

2037 .................................................................................. 14.40 percent

2038 .................................................................................. 14.50 percent

2039 .................................................................................. 14.60 percent

2040 .................................................................................. 14.70 percent

any calendar year after 2040 and before 2080 ................ 14.80 percent

2080 .................................................................................. 14.90 percent

2081 .................................................................................. 15.00 percent

2082 .................................................................................. 15.10 percent

2083 .................................................................................. 15.20 percent

2084 .................................................................................. 15.30 percent.’’. 

1 (d) EFFECTIVE DATE.—The amendments made by 

2 this section shall apply to remuneration received, and tax3 able years beginning, after December 31, 2015. 

4 SEC. 204. REALLOCATION OF PAYROLL TAX REVENUE 

5 FROM THE OLD-AGE AND SURVIVORS INSUR6 ANCE TRUST FUND TO THE FEDERAL DIS7 ABILITY INSURANCE TRUST FUND. 

8 (1) WAGES.—Section 201(b)(1) of the Social 

9 Security Act (42 U.S.C. 401(b)(1)) is amended by 

10 striking ‘‘and (R) 1.80 per centum of the wages (as 

11 so defined) paid after December 31, 1999, and so 

12 reported’’ and inserting ‘‘(R) 1.80 per centum of the 

13 wages (as so defined) paid after December 31, 1999, 

14 and before January 1, 2015, and so reported, (S) 


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1 2.8 per centum of the wages (as so defined) paid 

2 after December 31, 2014, and before January 1, 

3 2016, and so reported, (T) 2.4 per centum of the 

4 wages (as so defined) paid after December 31, 2015, 

5 and before January 1, 2017, and so reported, (U) 

6 2.2 per centum of the wages (as so defined) paid 

7 after December 31, 2016, and before January 1, 

8 2020, and so reported, (V) 2.0 per centum of the 

9 wages (as so defined) paid after December 31, 2019, 

10 and before January 1, 2026, and so reported, and 

11 (W) 1.8 per centum of the wages (as so defined) 

12 paid after December 31, 2025, and so reported’’. 

13 (2) SELF-EMPLOYMENT INCOME.—Section 

14 201(b)(2) of such Act (42 U.S.C. 401(b)(2)) is 

15 amended by striking ‘‘and (R) 1.80 per centum of 

16 the amount of self-employment income (as so de17 fined) so reported for any taxable year beginning 

18 after December 31, 1999’’ and inserting ‘‘(R) 1.80 

19 per centum of the amount of self-employment in20 come (as so defined) so reported for any taxable 

21 year beginning after December 31, 1999, and before 

22 January 1, 2015, (S) 2.8 per centum of the amount 

23 of self-employment income (as so defined) so re24 ported for any taxable year beginning after Decem25 ber 31, 2014, and before January 1, 2016, (T) 2.4 


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1 per centum of the amount of self-employment in2 come (as so defined) so reported for any taxable 

3 year beginning after December 31, 2015, and before 

4 January 1, 2017, (U) 2.2 per centum of the amount 

5 of self-employment income (as so defined) so re6 ported for any taxable year beginning after Decem7 ber 31, 2016, and before January 1, 2020, (V) 2.0 

8 per centum of the amount of self-employment in9 come (as so defined) so reported for any taxable 

10 year beginning after December 31, 2019, and before 

11 January 1, 2026, and (W) 1.8 per centum of the 

12 amount of self-employment income (as so defined) so 

13 reported for any taxable year beginning after De14 cember 31, 2025’’. 

15 (3) EFFECTIVE DATE.—The amendments made 

16 by this section shall apply with respect to wages paid 

17 after December 31, 2014, and self-employment in18 come for taxable years beginning after such date. 

Æ 


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