A bill to assure the financial viability of the Social Security system.

[AI summary unavailable — showing source text] States that the purposes of this Act are to reconfirm and implement the policy of the Federal Government to use all practicable means to maintain the financial viability of the social security system as well as the appropriate relation of retired persons purchasing power to that of active workers. Provides for a gradual increase in the percentage of tax imposed on employers and employees for old-age, survivors, and disability insurance under title II of the Social Security Act. Excludes from coverage under the old-age, survivors, and disability insurance program the distributive share of any item of income or loss of a limited partner. Eliminates the special dependency requirements for husbands' and widowers' benefits under such program. Extends coverage to qualified divorced husbands and former husbands for husbands' and widowers' benefits. Extends benefits for widowed fathers with minor children who are full-time students. Authorizes appropriations to the Federal Old-Age and Survivors Insurance Trust Fund and to the Federal Disability Insurance Trust Fund for fiscal year 1976 and succeeding fiscal years of such sums as the Secretary of Health, Education, and Welfare deems necessa…