US lawmakers have a $2 trillion annual budget that would provide a safety net to help Americans struggling with health care costs and other concerns.
The final version of the Social Security Act passed the Senate on Tuesday and is expected to pass the House next week.
The legislation, known as the American Health Care Act, would provide $6,000 in extra Social Security benefits to households with incomes up to 133 percent of the poverty line, which would increase to $117,400 for a family of four with two children.
The bill would also raise the age for Social Security to 65.
The bill would extend the solvency of Social Security and Medicare.
The measure also calls for $500 billion in tax cuts, including a $1,000 tax credit to households making $500,000 a year.
The proposal also would eliminate the tax on employer-sponsored health insurance premiums and the deduction for state and local taxes.
The Senate also passed a bill that would allow states to waive requirements that employers provide workers with health insurance or pay a fine.
The House passed a version of its version of health care reform on Tuesday, but it will not become law until the full House can vote on it.