A bill to amend titles II and XVIII of the Social Security Act and chapters 2 and 21 of the Internal Revenue Code of 1954 to provide that the costs of the social security and medicare programs shall be borne equally by employees, employers, and the Federal Government (with appropriate reductions in the taxes on employees, employers, and the self-employed to reflect the Federal Government's participation in such costs).

[AI summary unavailable — showing source text] Provides, under title II and XVIII of the Social Security Act and under the Internal Revenue Code, that the costs of the Old-Age, Survivors, and Disability Insurance and Medicare Programs shall be borne equally by employees, employers, and the Federal Government. Reduces the taxes on employees, employers, and the self-employed to reflect the Federal Government's participation in such costs.…