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United States · Bill · S

S. 1741 (104th)

Working Americans Wage Restoration Act

referredUnited States· United States Congress· EN

Introduced

9 May 1996

Last action

Status

Read twice and referred to the Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

21 August 2025

Summary

Working Americans Wage Restoration Act - Amends the Internal Revenue Code to allow a deduction for Old Age, Survivors and Disability Insurance (OASDI) (title II of the Social Security Act) employee taxes. Prohibits the deduction if the individual claimed the earned income credit for the year. Allows a deduction for all (currently, one-half) of OASDI self-employment taxes. Allows only the one-half deduction if the individual claimed the earned income credit for the year.

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Documents

3 official files

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Sources

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