Social Security Guarantee Plus Act of 2005

[AI summary unavailable — showing source text] Social Security Guarantee Plus Act of 2005 - Amends the Internal Revenue Code (IRC) and title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SSA) to establish a Social Security Guarantee Program, to be administered by a Social Security Guarantee Board established within the Social Security Administration. Authorizes any individual age 18 with a Social Security number to elect to enroll as a covered individual and receive in the Social Security guarantee account established for him or her by the Board a calendar year payment of Social Security guarantee refundable credits and interest. Requires designation of a certified account manager by or on behalf of each covered individual to hold the individual's Social Security guarantee account assets for investment, including in common stock portfolios and fixed income securities. Amends the IRC to make the Social Security guarantee accounts benefits taxable as Social Security benefits. Amends the Congressional Budget Act to provide for a lock-box for Social Security surpluses. Amends SSA title II to: (1) repeal the limitation on the amount of outside income which beneficiaries age 62 or over may earn …