United States · Bill · HR
H.R. 968 (96th)
Social Security Refinancing Act
Introduced
18 January 1979
Last action
—
Status
Referred to House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
2 September 2025
Summary
Social Security Refinancing 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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Documents
1 official file
Introduced in House
summary · EN · 18 January 1979
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/96th-congress/house-bill/968
- Open data entity: https://api.congress.gov/v3/bill/96/hr/968