Of all the money raised by the bill, about a quarter will be used to increase the benefits, and the rest will cover expected deficits in the National Insurance Insurance over the next 75 years.
Democrats, tired of political struggles over the affordable care law and shared over a "Medicare for all" single payers health plan, relished the opportunity to gather on social security schemes. They channeled the spirit of Franklin D. Roosevelt, and introduced the bill on the 137th anniversary of his birth, standing in front of a life-like cardboard cut out of him.
The House Speaker, Nancy Pelosi, "supports Democrats 'efforts to strengthen social security and strengthen senior citizens' pension security," said Henry Connelly, a spokesman for Mrs Pelosi. favored by many Republicans.
As a presidential candidate, Mr. Trump said, "I'm not going to cut social security like any other Republican." Mr Larson praised Mr Trump for that stand and said, "It's no surprise he had the senior vote."