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United States · Bill · HR

H.R. 968 (96th)

Social Security Refinancing Act

referredUnited States· United States Congress· EN

Introduced

18 January 1979

Last action

18 January 1979 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Brodhead, William [D-MI-17], Sen. Akaka, Daniel K. [D-HI], Rep. Anderson, Glenn M. [D-CA-32], Rep. AuCoin, Les [D-OR-1], Rep. Lloyd, Marilyn [D-TN-3], Rep. D'Amours, Norman E. [D-NH-1], Rep. Dornan, Robert K. [R-CA-46], Rep. Drinan, Robert F. [D-MA-4], Rep. Ertel, Allen E. [D-PA-17], Rep. Gilman, Benjamin A. [R-NY-20], Rep. Hughes, William J. [D-NJ-2], Rep. Kastenmeier, Robert W. [D-WI-2], Rep. Kildee, Dale E. [D-MI-5], Rep. LaFalce, John J. [D-NY-29], Rep. Levitas, Elliott H. [D-GA-4], Rep. Lundine, Stanley N. [D-NY-34], Rep. Murphy, Austin J. [D-PA-20], Rep. Panetta, Leon [D-CA-16], Rep. Patterson, Jerry M. [D-CA-38], Rep. Stokes, Louis [D-OH-11], Rep. Studds, Gerry E. [D-MA-10], Rep. Udall, Morris K. [D-AZ-2], Rep. Wolff, Lester L. [D-NY-6], Rep. Wolpe, Howard E. [D-MI-3], Rep. Young, Robert A. [D-MO-2], Sen. Nelson, Bill [D-FL]

Subjects

Taxation

Source updated

2 September 2025

Taxation

Official sourceView documentsShare

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.

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

Timeline

  1. 18 January 1979

    Introduced

    Introduced in House

    Source: IntroReferral

  2. 18 January 1979

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 18 January 1979

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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