To amend the Internal Revenue Code of 1986 to repeal the 1993 income tax increase on Social Security benefits.

1. Inserts new text wherever appropriate

   Inserts

   Inserted: sense of the senate on repealing the 1993 tax hike on social security benefits section .

   Inserted: SECTION .

   Inserted: (a) Findings.--

   Inserted: The 1993 tax on Social Security benefits was imposed as part of President Clinton's agenda to raise taxes;

   Inserted: The original 1993 tax hike on Social Security benefits was to raise income taxes on Social Security retirees with as little as $25,000 of income;

   Inserted: Repeated efforts to repeal the 1993 tax hike on Social Security benefits have failed; and

   Inserted: Seniors rely on Social Security benefits as well as dividend income to fund their retirement and they should have taxes reduced on both sources of income:

   Inserted: (b) Sense of the Senate--

   Inserted: It is the Sense of the Senate that the Senate Finance Committee should report out the Social Security Benefits Tax Relief Act of 2003, S. 514, to repeal the tax on seniors not later than July 31, 2003, and the Senate shall consider such bill not later than September 30, 2003 in a manner consistent with the preservation of the Medicare Trust Fund.

   The amendment doesn't say where this goes; the clerk decides.

   Original wording

   At the appropriate place, insert the following:

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As printed