S.579: Working Americans Wage Restoration Act

About This Bill

Bill Summary

Working Americans Wage Restoration Act - Amends the Internal Revenue Code to allow a deduction from adjusted gross income for Old Age, Survivors and Disability Insurance (OASDI) employee taxes, unless an individual claims the earned income credit. Raises the deduction for OASDI self-employment taxes. Reduces such deduction by 50 percent for self-employed individuals claiming the earned income credit.

(Source: Library of Congress)

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Read twice and referred to the Committee on Finance.
April 15, 1997

Introduced in the Senate by John Ashcroft (R-Mo.)

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