Social Security Earnings Tax Hike Repeal. This bill, H.R. 4865, would repeal the 1993 Clinton-Gore tax increase on Social Security benefits. Under the provisions of the 1993 law, seniors still in the work force making more than $34,000 per year had income taxes assessed against 85 percent of their Social Security checks, up from 50 percent in years prior. This bill would bring the proportion of benefits taxed back down to 50 percent.
The House passed H.R. 4865 on July 27, 2000 by a vote of 265-159 (Roll Call 450). We have assigned pluses to the yeas.
