Social Security Tax Reduction Act

Summary

Social Security Tax Reduction Act - Amends Titles II (Old-Age, Survivors, and Disability Insurance) and XVIII (Medicare) of the Social Security Act, and the Internal Revenue Code to finance the payment of disability insurance benefits and hospital insurance benefits through general tax revenues, rather than through employment and self-employment tax revenues. Reduces employment and self-employment tax rates below the rates established by the Social Security Financing Amendments of 1977.

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Timeline

1. 4 April 1978

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 4 April 1978

   Introduced

   Introduced in House

   Source: IntroReferral

3. 4 April 1978

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 4 April 1978

  Open at official source

Sponsors

• Rep. Harris, Herbert E., II [D-VA-8] · D · Sponsor
• Rep. Preyer, Richardson [D-NC-6] · D · Cosponsor
• Rep. Spellman, Gladys Noon [D-MD-5] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → Social Security Tax Reduction Act