A bill to amend title II of the Social Security Act, and the Internal Revenue Code of 1954, to increase to $22,000 in 1977 the amount of annual earnings which (subject to future automatic adjustments) may be taken into account for benefit and tax purposes under the social security program.

[AI summary unavailable — showing source text] Increases in specified annual increments, to an upper limit of $22,000 in 1977, the amount of annual earnings which (subject to future automatic adjustments) may be taken into account for social security benefit and tax purposes under Title II (Old-Age, Survivors, and Disability Insurance) of the Social Security Act, and the Internal Revenue Code.…