US SB2107 | 2011-2012 | 112th Congress
Status
Sponsorship: Partisan Bill (Republican 2)
Status: Introduced on February 14 2012 - 25% progression, died in committee
Action: 2012-02-14 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 14 2012 - 25% progression, died in committee
Action: 2012-02-14 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Social Security Preservation through Individual Choice Enhancement Act - Amends the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 to allow individual taxpayers an election to claim the 2% reduction in employment taxes under such Act in any calendar year beginning in or after 2012. Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to increase the applicable social security retirement age by one month for each calendar year that a taxpayer elects a reduction in employment taxes under this Act.
Title
Social Security Preservation through Individual Choice Enhancement Act
Sponsors
| Sen. Mike Lee [R-UT] | Sen. Jim DeMint [R-SC] |
History
| Date | Chamber | Action |
|---|---|---|
| 2012-02-14 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB3551 (Related) 2011-12-02 - Referred to the House Committee on Ways and Means.
Subjects
Employment taxes
Government trust funds
Income tax rates
Social security and elderly assistance
Tax administration and collection, taxpayers
Government trust funds
Income tax rates
Social security and elderly assistance
Tax administration and collection, taxpayers
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/senate-bill/2107/all-info |
| Text | https://www.congress.gov/112/bills/s2107/BILLS-112s2107is.pdf |
