Senior Citizens' Tax Relief Act of 2008
Last action on Jun 11, 2008Referred to the House Committee on Ways and Means.
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Summary
Senior Citizens' Tax Relief Act of 2008 - 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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