Strengthen Social Security by Taxing Dynastic Wealth Act

This bill proposes to increase estate and gift taxes for individuals with significant wealth while directing the additional revenue to the Social Security Trust Fund. It raises the estate tax exemption to $3.5 million and adjusts tax rates for estates valued over $1 million, with changes taking effect after December 31, 2026. The legislation also consolidates the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund into a single Social Security Trust Fund, which would receive 100% of certain payroll and income taxes. These structural changes aim to strengthen Social Security funding through higher taxes on dynastic wealth and administrative consolidation of existing trust funds.