Date: October 27, 1977
Subject: Raise Social Security Taxes
Description: Passage of the bill to raise Social Security payroll taxes, above scheduled levels, by increasing the taxable wage base for employers and employees starting in 1978 and increasing employer and employee tax rates starting in 1981, and to make various adjustments in benefit schedules. Estimated cost to the taxpayers: $227 billion over the next decade.
Result: Bill Passed, 275-146
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