HR 946 · 98th Congress · Taxation
A bill to amend title II of the Social Security Act and chapters 2 and 21 of the Internal Revenue Code of 1954 to provide that the hospital insurance program shall hereafter be financed from general revenues rather than through the imposition of payroll taxes as at present, reallocating the future proceeds of such taxes to the old-age, survivors, and disability insurance program in order to assure the actuarial soundness of that program.
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to Subcommittee on Health.(1983-01-31)
Plain Language Summary
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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 hospital insurance benefits through general tax revenues and adjust the tax rates on employers, employees, and self-employment income to finance the old age, survivors and disability insurance program.…
Summarized by Claude AI · Non-partisan · For informational purposes only