To amend the Internal Revenue Code of 1986 to reduce the burden of social security taxes on lower and middle income individuals by allowing a refundable credit for a portion of such taxes, and to repeal the limit on the amount of wages subject to the employee OASDI taxes.
Social Security Tax Fairness Act of 1993 - Amends the Internal Revenue Code to allow a refundable credit for a portion of an individual's employee OASDI taxes. Requires payment for the costs of such credit to the general fund of the Treasury from amounts in the Federal Old-Age and Survivors Insurance Trust Fund and the Railroad Retirement Account.
Repeals the dollar limitation on the amount of wages subject to employee OASDI taxes.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Referred to the Subcommittee on Social Security.
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