H.R.2472 - Social Security Forever Act of 2005

To amend the Internal Revenue Code of 1986 to impose a tax on the amount of wages in excess of the contribution and benefit base, to extend the pay-as-you-go requirement of the Balanced Budget and Emergency Deficit Control Act of 1985, and for other purposes. view all titles (2)

All Bill Titles

  • Short: Social Security Forever Act of 2005 as introduced.
  • Official: To amend the Internal Revenue Code of 1986 to impose a tax on the amount of wages in excess of the contribution and benefit base, to extend the pay-as-you-go requirement of the Balanced Budget and Emergency Deficit Control Act of 1985, and for other purposes. as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
05/18/05
 
 
 
 
 
 
 

Official Summary

Social Security Forever Act of 2005 - Amends the Internal Revenue Code to impose on employers, employees, and self-employed individuals an additional employment tax for wages in excess of the social security contribution and benefit base. Declares that it is not in order in the Senate or th

Official Summary

Social Security Forever Act of 2005 - Amends the Internal Revenue Code to impose on employers, employees, and self-employed individuals an additional employment tax for wages in excess of the social security contribution and benefit base. Declares that it is not in order in the Senate or the House of Representatives to consider any direct spending or revenue legislation that would decrease a unified-budget surplus or cause or increase a unified-budget deficit. Makes exceptions for legislation affecting full funding of deposit insurance guarantee commitments, and for periods of war or recession. Requires all Treasury securities to bear a facsimile of the signatures of the President and the Secretary of the Treasury.

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