Amends the Internal Revenue Code to repeal the 85 percent (second tier) taxation of Social Security and Railroad Retirement benefits. Transfers from the general fund in the Treasury to the Hospital Insurance Trust Fund amounts equal to the resultant reduction in revenues.
Actions
Apr 2, 2003
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4706)
Apr 2, 2003
Sponsor introductory remarks on measure. (CR S4705-4706)