Legislation -
Bill Passed
(House)
(265-159) -
July 27, 2000(Key vote)
Title: Social Security Benefits Tax Relief bill
Vote Smart's Synopsis:
Vote to pass a bill that lowers the percentage of Social Security benefits subject to taxation from 85% to 50% for eligible retirees.
Highlights:
Declares that single taxpayers with annual incomes over $25,000 and married couples with annual incomes over $32,000 are eligible for the tax rate reduction.