Social Security Amendments of 1981

[AI summary unavailable — showing source text] Social Security Amendments of 1981 - Title I: General Provisions - Amends the Internal Revenue Code and title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to increase the old age, survivors and disability insurance tax rates on employees, employers, and self- employment income and revise the allocations of wages and self-employment income from the Treasury to the Federal Disability Insurance Trust Fund. Amends the Code and title XVIII (Medicare) of the Social Security Act to finance the hospital insurance program partially through general revenues. Provides a corresponding decrease in the hospital insurance tax rates on employees, employers, and self-employment income. Amends titles II and XVIII of the Social Security Act to permit the Trustees of the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, and the Federal Hospital Insurance Trust Fund to make loans to the other Funds, prior to fiscal year 1991, whenever one of the Funds falls below 20 percent of the amount of its disbursements for the 12 months preceding the borrowing. Provides for the repayment of such loans. Amends title II to provide for the…