[Congressional Record Volume 163, Number 127 (Thursday, July 27, 2017)]
[Senate]
[Page S4555]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 587. Mr. HATCH submitted an amendment intended to be proposed by
him to the bill H.R. 1628, to provide for reconciliation pursuant to
title II of the concurrent resolution on the budget for fiscal year
2017; which was ordered to lie on the table; as follows:
At the appropriate place, insert the following:
SEC. ___. SENSE OF THE SENATE ON REPEALING THE 1993 TAX HIKE
ON SOCIAL SECURITY BENEFITS SECTION.
(a) Findings.--
(1) The 1993 tax on Social Security benefits was imposed as
part of the President Clinton's agenda to raise taxes;
(2) The original 1993 tax hike on Social Security benefits
was to raise income taxes on Social Security retirees with as
little as $25,000 of income;
(3) Repeated efforts to repeal the 1993 tax hike on Social
Security benefits have failed; and
(4) Seniors rely on Social Security benefits as well as
dividend income to fund their retirement and they should have
taxes reduced on both sources of income.
(b) Sense of the Senate.--It is the sense of the Senate
that the Committee on Finance should report out legislation
to repeal the tax on seniors for taxable years beginning in
2018 and 2019 in a manner consistent with the preservation of
the Medicare Trust Fund.
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