Social Security Reform Act of 1985

[AI summary unavailable — showing source text] Social Security Reform Act of 1985 - Amends the Social Security Amendments of 1983 to establish as a permanent requirement that the disbursements of the Federal Old-Age and Survivors Insurance Trust Fund, Disability Insurance Trust Fund, Hospital Insurance Trust Fund, and Supplementary Medical Insurance Trust Fund and the receipts of such trust funds, including disability and hospital insurance taxes imposed on employers, employees, and self-employment income, be treated as separate functional categories in the Federal budget. Repeals the future off-budget treatment of the receipts and disbursements of the Federal Old-Age and Survivors Insurance Trust Fund, Disability Insurance Trust Fund and Hospital Insurance Trust Fund. Amends titles II (Old-Age, Survivors and Disability Insurance) and XVIII (Medicare) of the Social Security Act to consolidate the Federal Disability Insurance Trust Fund and the Federal Hospital Insurance Fund into the Federal Disability and Health Insurance Trust Fund for FY 1987 and subsequent fiscal years 100 percent of: (1) the disability and hospital insurance taxes imposed on employers, employees, and self-employment income pursuant to this Act. Appropriate…