A Bill to amend the Internal Revenue Code of 1954 to provide for a credit of up to $200 against income tax liability for post-1978 increases in social security tax liability.

Amends the Internal Revenue Code to allow as a credit against the individual income tax an amount, not to exceed $200, equal to the excess social security tax liability of the individual (or of the employer, as the case may be). Applies such credit only to scheduled increases in such liability after 1978. Requires the reflection of such credit in withholding.