Save Social Security First Act of 2003 - Repeals subtitles A (Repeal of Estate and Generation-Skipping Transfer Taxes) and E (Carryover Basis at Death; Other Changes Taking Effect With Repeal) of title V (Estate, Gift, and Generation-Skipping Transfer Tax Provisions) of the Economic Growth and Tax Relief Reconciliation Act of 2001. Makes the sunset provisions of such Act inapplicable to the remainder of title V.
Sets the unified estate credit at $3 million and the maximum estate rate at 50 percent.
Appropriates, beginning in 2005, estate tax revenues to the Social Security trust funds.