S.11 - Social Security Tax Cut Act of 1991102nd Congress (1991-1992)
|Sponsor:||Sen. Moynihan, Daniel Patrick [D-NY] (Introduced 01/14/1991)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 11/26/1991 Committee on Finance. Hearings held. Hearings printed: S.Hrg. 102-608. (All Actions)|
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Summary: S.11 — 102nd Congress (1991-1992)All Information (Except Text)
Introduced in Senate (01/14/1991)
Social Security Tax Cut Act of 1991 - Amends the Internal Revenue Code and title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to revise social security tax rates to provide for reduced rates until 2015 and increased rates beginning in 2020.
Increases the OASDI contribution and benefit base on a graduated basis from 1992 through 1996.