Social Security Refinancing Amendments of 1979

[AI summary unavailable — showing source text] Social Security Refinancing Amendments of 1979 - Amends the Internal Revenue Code and title XVIII (Medicare) of the Social Security Act to finance the payment of hospital insurance benefits through general tax revenues, rather than through employment and self-employment tax revenues. Establishes new employment and self-employment tax rates for the purpose of financing the old age, survivors and disability insurance program (title II of the Social Security Act).…