HR 2472 · 109th Congress · Taxation
Social Security Forever Act of 2005
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Committee on Ways and Means, and in addition to the Committees on Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.(2005-05-18)
Plain Language Summary
[AI summary unavailable — showing source text]
Social Security Forever Act of 2005 - Amends the Internal Revenue Code to impose on employers, employees, and self-employed individuals an additional employment tax for wages in excess of the social security contribution and benefit base. Declares that it is not in order in the Senate or the House of Representatives to consider any direct spending or revenue legislation that would decrease a unified-budget surplus or cause or increase a unified-budget deficit. Makes exceptions for legislation affecting full funding of deposit insurance guarantee commitments, and for periods of war or recession. Requires all Treasury securities to bear a facsimile of the signatures of the President and the Secretary of the Treasury.…
Summarized by Claude AI · Non-partisan · For informational purposes only