S.Amdt. 587Senate115th Congress (2017-2019)
S.Amdt. 587
Sponsored by
Sen. Orrin G. Hatch (R-UT)
Submitted July 27, 2017
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Senate amendment submitted
July 27, 2017
Text
Submitted
SA 587. Mr. HATCH submitted an amendment intended to be proposed by him to the bill H.R. 1628, to provide for reconciliation pursuant to title II of the concurrent resolution on the budget for fiscal year 2017; which was ordered to lie on the table; as follows: At the appropriate place, insert the following: SEC. ___. SENSE OF THE SENATE ON REPEALING THE 1993 TAX HIKE ON SOCIAL SECURITY BENEFITS SECTION. (a) Findings.-- (1) The 1993 tax on Social Security benefits was imposed as part of the President Clinton's agenda to raise taxes; (2) 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; (3) Repeated efforts to repeal the 1993 tax hike on Social Security benefits have failed; and (4) 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. (b) Sense of the Senate.--It is the sense of the Senate that the Committee on Finance should report out legislation to repeal the tax on seniors for taxable years beginning in 2018 and 2019 in a manner consistent with the preservation of the Medicare Trust Fund. ______