Social Security Refinancing Act

[AI summary unavailable — showing source text] Social Security Refinancing Act - Amends titles II (Old Age, Survivors and Disability Insurance) and XVIII (Medicare) of the Social Security Act and the Internal Revenue Code to finance the payment of disability insurance benefits and hospital insurance benefits through general tax revenues, rather than through employment and self-employment tax revenues. Adjusts the tax rates applicable to employers, employees, and self-employment income to finance the old age and survivors insurance program.…