Social Security Benefits Tax Relief Act of 2007
Last action on May 3, 2007Referred to the House Committee on Ways and Means.
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Summary
Social Security Benefits Tax Relief Act of 2007 - Amends the Internal Revenue Code to repeal the 85 percent maximum tax rate on Social Security and Railroad Retirement benefits enacted by the Omnibus Budget Reconciliation Act of 1993. Appropriates, from the general fund, to the Hospital Insurance Trust Fund amounts equal to the reduction in revenues resulting from this repeal.
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