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HR 3427 104th Congress House

Working Americans Wage Restoration Act

Official title: To amend the Internal Revenue Code of 1986 to allow a deduction for the old-age, survivors, and disability insurance taxes paid by employees and self-employed individuals, and for other purposes.

Introduced: July 23, 1996 See on congress.gov
Taxation Earned income tax creditIncome taxLabor and EmploymentOld age, survivors and disability insurance
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Self-employedSocial WelfareSocial security taxesTax deductions
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This bill died when the 104th Congress ended
It never became law before the 104th Congress (1995–1996) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 9, 1996
Referred to the House Committee on Ways and Means.
May 9, 1996
Sponsor introductory remarks on measure. (CR H4657)
May 9, 1996
Introduced in House
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 Latest action May 9, 1996

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Working Americans Wage Restoration Act - Amends the Internal Revenue Code to allow a deduction for Old Age, Survivors and Disability Insurance (OASDI) (title II of the Social Security Act) employee taxes. Prohibits the deduction if the individual claimed the earned income credit for the year.

Allows a deduction for all (currently, one-half) of OASDI self-employment taxes. Allows only the one-half deduction if the individual claimed the earned income credit for the year.

 Related & companion bills 1
  • S 1741 Identical bill Working Americans Wage Restoration Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Smith, Christopher H.
New Jersey · Jul 23, 1996
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3427: Working Americans Wage Restoration Act. 104th Congress. Open America. https://openamerica.io/bill/104-HR-3427/
MLA
"H.R. 3427: Working Americans Wage Restoration Act." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-HR-3427/.
Bluebook (legal)
H.R. 3427, 104th Cong. (2026), https://openamerica.io/bill/104-HR-3427/.
Markdown link
[H.R. 3427: Working Americans Wage Restoration Act](https://openamerica.io/bill/104-HR-3427/)
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