HR 3427 · 104th Congress · Taxation
Working Americans Wage Restoration Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(1996-05-09)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (13)
1 Democrat12 Republicans