,,ii  #aacth ,,congress  #ast ,session  
,s4 #ejj  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,march #g1 #bjac    
,mr4 ,sanders 7for himself1 ,mr4 ,reid1 
,mr4 ,leahy1 ,mrs4 ,boxer1 ,ms4         
,klobuchar1 ,mr4 ,whitehouse1 ,mr4      
,franken1 and ,mr4 ,blumenthal7         
introduced the following bill2 which was
 read twice and referred to the         
,committee on ,finance  ,a ,,bill  ,to  
amend the ,internal ,revenue ,code of   
#aihf to apply payroll taxes to         
remuneration and earnings from          
self-employment up to the contribution  
and benefit base and to remuneration in 
excess of #bej1jjj4  #a4 ,short title   
,this ,act may be cited as the ,keeping 
,our ,social ,security ,promises ,act4  
#b4 ,payroll tax on remuneration up to  
contribution and benefit base and more  
than #bej1jjj  7a7 ,in general          
,paragraph 7#a7 of section #caba7;a7 of 
the ,internal ,revenue ,code of #aihf is
 amended by inserting after such        
calendar year4 the following3 ,the      

preceding sentence shall apply only to  
calendar years for which the            
contribution and benefit base 7as so    
determined7 is less than #bej1jjj1 and1 
for such calendar years1 only to so much
 of the remuneration paid to such       
employee by such employer with respect  
to employment as does not exceed        
#bej1jjj44  7b7 ,conforming amendment   
,paragraph 7#a7 of section #caba of the 
,internal ,revenue ,code of #aihf is    
amended by striking ,act7 to and        
inserting ,act71 or in excess of        
#bej1jjj1 to4  7c7 ,effective date ,the 
amendments made by this section shall   
apply to remuneration paid after        
,december #ca1 #bjac4  #c4 ,tax on net  
earnings from self-employment up to     
contribution and benefit base and more  
than #bej1jjj  7a7 ,in general          
,paragraph 7#a7 of section #adjb7;b7 of 
the ,internal ,revenue ,code of #aihf is
 amended to read as follows3  7#a7 in   
the case of the tax imposed by section  
#adja7;a71 the excess of--  7,a7 that   

part of the net earnings from           
self-employment which is in excess of-- 
7i7 an amount equal to the contribution 
and benefit base 7as determined under   
section #bcj of the ,social ,security   
,act7 which is effective for the        
calendar year in which such taxable year
 begins1 minus  7ii7 the amount of the  
wages paid to such individual during    
such taxable years2 over  7,b7 that part
 of the net earnings from               
self-employment which is in excess of   
the sum of--  7i7 the excess of--  7,i7 
the net earning from self-employment    
reduced by the excess 7if any7 of       
subparagraph 7,a77i7 over subparagraph  
7,a77ii71 over  7,,ii7 #bej1jjj1 reduced
 by such contribution and benefit base1 
plus  7ii7 the amount of the wages paid 
to such individual during such taxable  
year in excess of such contribution and 
benefit base and not in excess of       
#bej1jjj2 or  4  7b7 ,phaseout          
,subsection 7b7 of section #adjb of the 
,internal ,revenue ,code of #aihf is    

amended by adding at the end the        
following3 ,paragraph 7#a7 shall apply  
only to taxable years beginning in      
calendar years for which the            
contribution and benefit base 7as       
determined under section #bcj of the    
,social ,security ,act7 is less than    
#bej1jjj44  7c7 ,effective date ,the    
amendments made by this section shall   
apply to net earnings from              
self-employment derived1 and            
remuneration paid1 after ,december #ca1 
#bjac4