HR 3427
104th Congress
House
Taxation
Earned income tax credit
Income tax
Labor and Employment
Old age, survivors and disability insurance
Self-employed
Social Welfare
Social security taxes
Tax deductions
Working Americans Wage Restoration Act
Introduced: May 9, 1996
See on congress.gov
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
Plain-English summary
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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1