[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3155 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 3155

 To repeal the increase in tax on social security benefits made by the 
                  Revenue Reconciliation Act of 1993.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 28, 1993

   Mr. Smith of New Jersey introduced the following bill; which was 
              referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To repeal the increase in tax on social security benefits made by the 
                  Revenue Reconciliation Act of 1993.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. STATEMENT OF FINDINGS.

    The Congress hereby finds the following:
            (1) The Social Security tax increase will immediately 
        affect over 5,000,000 beneficiaries nationwide.
            (2) By 1998, the number of recipients who will be burdened 
        by this tax hike will increase to 7,000,000.
            (3) The average tax increase during 1994 for those 
        beneficiaries affected will be $720.
            (4) While all families will see on average a 3.8 percent 
        increase in Federal taxes, the average senior family will be 
        forced to pay 7.5 percent more.
            (5) Unlike other age groups, senior families will see tax 
        increases at every level of income, including the poorest of 
        the elderly.
            (6) Senior citizens have historically been the target of 
        numerous measures, such as a freeze in their cost-of-living 
        adjustment and the implementation of the Social Security tax.
            (7) This tax hike, on top of the Social Security earnings 
        test, places an inordinate burden on seniors that is not 
        experienced by the rest of the American population.

SEC. 2. REPEAL OF TAX INCREASE ON SOCIAL SECURITY BENEFITS.

    Section 13215 of the Revenue Reconciliation Act of 1993 is hereby 
repealed, and the Internal Revenue Code of 1986 shall be applied and 
administered as if such section (and the amendments made thereby) had 
not been enacted.

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