Social Security Long-Term Protection Act of 1985

Summary

Social Security Long-Term Protection Act of 1985 - Amends the Internal Revenue Code to provide that, beginning in 1990, the tax rates for the old age, survivors and disability insurance program (title II of the Social Security Act) shall be linked with the amount in the OASDI trust fund reserve. Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to eliminate the three percent trigger presently necessary for cost-of-living adjustments. Amends the Social Security Amendments of 1983 to accelerate the removal from the unified budget of the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, and the Federal Hospital Insurance Trust Fund.

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

Timeline

No timeline events have been ingested for this record yet.

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 · 1 August 1985

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.