Social Security Financing, Benefit Indexing, and Equal Rights Amendments

[AI summary unavailable — showing source text] Social Security Financing, Benefit Indexing, and Equal Rights Amendments - Title I: Provisions to Improve the Financing of the Old-Age, Survivors, and Disability Insurance Programs Financing Amendments - Amends Title II (Old-Age, Survivors, and Disability Insurance) of the Social Security Act to direct the Secretary of the Treasury, for years in which the unemployment rate has exceeded six percent, to transfer from the General Fund of the Treasury to: (1) the Federal Old-Age, and Survivors Insurance Trust Fund; (2) the Federal Disability Insurance Trust Fund; and (3) the Federal Hospital Insurance Trust Fund, an amount computed in accordance with a formula set forth in this Act, and apportioned among such Funds in accordance with this Act. Increases to $23,400 and $37,500 for calendar years 1979 and 1980 respectively, the level of wages to which the employer excise tax for purposes of Title II and railroad retirement will be applied. Sets forth increases in specified amounts to such contribution and benefit base in calendar years 1979, 1981, 1983, and 1985. Amends the Internal Revenue Code of 1954 to increase the rate of tax on wages received by employees and paid by employers, and…