A bill to amend the Internal Revenue Code of 1954, title 26 of the United States Code, to provide that taxpayers who itemize deductions may deduct from taxable income an amount equal to the amount of social security taxes paid during the taxable year, or, in lieu of such deduction, any taxpayer may claim a tax credit in the amount of 15 percent of the amount of such social security tax paid, whichever results in greater savings.