[Congressional Record Volume 143, Number 101 (Wednesday, July 16, 1997)]
[House]
[Pages H5305-H5306]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




     SUPPORT H.R. 1333, THE WORKING AMERICANS WAGE RESTORATION ACT

  (Mr. NETHERCUTT asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. NETHERCUTT. Mr. Speaker, I rise today to issue a challenge to all 
Members on the other side of the aisle who wish to target tax relief to 
middle-income Americans. We have heard a lot about that this morning 
and in the

[[Page H5306]]

past few weeks. You may be surprised to learn that 72 percent of 
working American families pay more in total Social Security payroll 
taxes than they pay in income tax.
  So I commend to my colleagues a bill that I have sponsored called the 
Working Americans Wage Restoration Act, H.R. 1333. This bill would 
allow workers earning less than $65,400 to deduct their portion of 
Social Security payroll tax from their Federal income taxes. This would 
eliminate the current double taxation of the Social Security tax and 
put workers on the same level as businesses which are allowed to deduct 
the payroll taxes as a business expense.
  According to the Joint Committee on Taxation, my bill would provide 
the average two-income family with an additional $1,200. It covers all 
workers. So I invite my friends on the other side of the aisle, Members 
who are so concerned about middle income Americans, get on this bill. 
H.R. 1333.

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