S 1741 · 104th Congress · Taxation

Working Americans Wage Restoration Act

Introduced 1996-05-09· Sponsored by Sen. Ashcroft, John [R-MO]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(1996-05-09)

Plain Language Summary

[AI summary unavailable — showing source text] 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 (8)

8 Republicans