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United States · Bill · HR

H.R. 2568 (96th)

A bill to amend the Social Security Act and the Internal Revenue Code of 1954 to provide for Federal participation in the costs of the old-age, survivors, and disability insurance program and the medicare program, with appropriate reductions in social security taxes to reflect such participation, and with a substantial increase in the amount of an individual's annual earnings which may be counted for benefit and tax purposes.

referredUnited States· United States Congress· EN

Introduced

1 March 1979

Last action

1 March 1979 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Pepper, Claude [D-FL-18], Rep. Biaggi, Mario [D-NY-19], Rep. Downey, Thomas J. [D-NY-2], Rep. Hughes, William J. [D-NJ-2], Rep. Drinan, Robert F. [D-MA-4], Rep. Russo, Martin A. [D-IL-3], Rep. Oakar, Mary Rose [D-OH-20], Rep. Gudger, V. Lamar [D-NC-11], Rep. Albosta, Donald J. [D-MI-10], Rep. Bevill, Tom [D-AL-4], Rep. Bingham, Jonathan B. [D-NY-22], Rep. Bonior, David E. [D-MI-10], Rep. Clay, William (Bill) [D-MO-1], Rep. Conyers, John, Jr. [D-MI-13], Rescom. Corrada, Baltasar [I-PR-At Large], Rep. Dellums, Ronald V. [D-CA-9], Rep. Diggs, Charles C., Jr. [D-MI-13], Rep. Dougherty, Charles F. [R-PA-4], Rep. Duncan, Robert B. [D-OR-3], Rep. Edgar, Robert W. [D-PA-7], Rep. Edwards, Don [D-CA-10], Rep. Ford, William D. [D-MI-13], Sen. Harkin, Tom [D-IA], Rep. Hawkins, Augustus F. [D-CA-29], Rep. Howard, James J. [D-NJ-3], Rep. Kastenmeier, Robert W. [D-WI-2], Rep. Long, Clarence D. [D-MD-2], Rep. Mitchell, Parren J. [D-MD-7], Rep. Moakley, John Joseph [D-MA-9], Rep. Mottl, Ronald M. [D-OH-23], Rep. Murphy, Austin J. [D-PA-20], Rep. Myers, Michael O. [D-PA-1], Rep. Nolan, Richard M. [D-MN-8], Rep. Ottinger, Richard L. [D-NY-20], Rep. Patten, Edward J. [D-NJ-15], Rep. Rahall, Nick J., II [D-WV-3], Rep. Rangel, Charles B. [D-NY-15], Rep. Richmond, Frederick W. [D-NY-14], Rep. Rodino, Peter W., Jr. [D-NJ-10], Rep. Roe, Robert A. [D-NJ-8], Rep. St Germain, Fernand J. [D-RI-1], Rep. Scheuer, James H. [D-NY-8], Sen. Simon, Paul [D-IL], Rep. Solarz, Stephen J. [D-NY-13], Rep. Udall, Morris K. [D-AZ-2], Rep. Wilson, Charles H. [D-CA-31], Rep. Wolff, Lester L. [D-NY-6], Rep. Yatron, Gus [D-PA-6]

Subjects

Taxation

Source updated

7 February 2024

Taxation

Official sourceView documentsShare

Summary

Amends title II (Old-Age, Survivors, and Disability Insurance) of the Social Security Act and the Internal Revenue Code to reduce tax rates below the level established by the Social Security Amendments of 1977 on employment income for both employers and employees and on self-employment income. Increases by 50 percent Federal contributions to the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, and the Federal Hospital Insurance Trust Fund established under title XVIII (Medicare) of the Social Security Act. Increases the ceiling on the amount of income that is subject to social security taxation to $100,000 in 1980.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 1 March 1979

    Introduced

    Introduced in House

    Source: IntroReferral

  2. 1 March 1979

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  3. 1 March 1979

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

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Documents

1 official file

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Sponsors

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Related records

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Sources

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