Social Security Benefits Tax Relief Act of 2005 - Amends the Internal Revenue Code to repeal the 85 percent maximum tax rate on Social Security and Railroad Retirement benefits enacted by the Omnibus Budget Reconciliation Act of 1993. Appropriates, from the general fund, to the Hospital Insurance Trust Fund amounts equal to the reduction in revenues resulting from this repeal.
Actions
Apr 13, 2005
Read twice and referred to the Committee on Finance.
Apr 13, 2005
Sponsor introductory remarks on measure. (CR S3562)