Of all the money raised by the bill, about one-fourth would be used to increase benefits, and the rest would cover projected deficits in the Social Security trust over the next 75 years.
Democrats, weary of political fights about the Affordable Care Act and divided over a "Medicare for all" single-payer health care plan, relished the opportunity to rally around Social Security. They channeled the spirit of Franklin D. Roosevelt, introducing their bill on the 137th anniversary of his birth, while standing in front of a life-size cardboard cutout of him.
The House speaker, Nancy Pelosi, "supports Democrats' efforts to secure social security and bolster seniors' retirement security, said Henry Connelly, a spokesman for Ms. Pelosi. She is strenuously and successfully opposed by Mr. Bush to divert some payroll taxes into the private retirement accounts favored by many Republicans.
As a presidential candidate, Mr. Trump said, "I'm not going to cut Social Security like every other Republican." Larson praised Mr. Trump for that stand and said, "It's no surprise that he's carried the senior vote."