Date: December 15, 1977
Subject: Social Security Taxes
Description: Adoption of the conference report on the bill to raise Social Security payroll taxes above existing scheduled levels, by increasing tax rates and the taxable wage base for both employees and employers beginning in 1979, to correct inflation adjustment procedures and make other changes in benefit schedules, and to authorize additional funding and new options for state welfare programs. This is estimated cost to the taxpayers $227 billion over the next decade.
Result: Conference Report Agreed to, 56-21
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