,i  #aad? ,,congress  #a/ ,session  ,h4 
,r4 #aihd  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,april #bc1 #bjae ,mr4
 ,de,fazio 7= himself1 ,mr4 ,cony]s1    
,ms4 ,del,bene1 ,mr4 ,grijalva1 ,ms4    
,p+ree1 & ,ms4 ,slaught]7 introduc$ !   
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,ways & ,means1 & 9       
addition to ! ,committee on ,education &
 ! ,work=ce1 = a p]iod to be subsequ5tly
 det]m9$ by ! ,speak]1 9 ea* case =     
consid]ation ( su* provisions z fall )9 
! jurisdiction ( ! committee conc]n$  ,a
 ,,bill  ,to am5d ! ,int]nal ,rev5ue    
,code ( #aihf & title ,,ii ( ! ,social  
,security ,act to repeal ! cap on       
comp5sation subject to ! payroll tax1 to
 reallocate payroll tax rev5ue to !     
,social ,security ,tru/ ,funds1 to apply
 ! ,,cpi-,e to ,social ,security        
co/-(-liv+ increases1 & = o!r purposes4 
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,fair ,adju/m5t & ,income ,rev5ue =   
,social ,security ,act or ! ,,fair      
,social ,security ,act4  #b4 ,repeal (  

cap on comp5sation subject to ,f$]al    
,insurance ,contributions ,act  7a7     
,wages ,section #caba7;a7 ( ! ,int]nal  
,rev5ue ,code ( #aihf is am5d$ by /rik+ 
p>agraph 7#a74  7b7 ,self-,employm5t    
income ,! fir/ s5t5ce ( section         
#adjb7;b7 ( ! ,int]nal ,rev5ue ,code (  
#aihf is am5d$ by /rik+ include-- & all 
t foll[s & ins]t+ include ! net e>n+s f 
self-employm5t if su* net e>n+s = !     
taxable ye> are less ?an #djj44  7c7    
,con=m+ am5dm5ts  7#a7 ,section         
#fdac7;c7 ( ! ,int]nal ,rev5ue ,code (  
#aihf is am5d$-- 7,a7 by /rik+ p>agraph 
7#a71 &  7,b7 9 p>agraph 7#b77;,a7 by   
/rik+ 1 n to exce$ an am\nt equal to !  
contribution & b5efit base 7z det]m9$ "u
 section #bcj ( ! ,social ,security     
,act7 = any cal5d> ye> ) respect to :i* 
su* contribution & b5efit base is       
effective14  7#b7 ,section #cabb ( !    
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by /rik+ ,! p]son mak+ su* return may1 =
 conv5i5ce ( adm9i/ration1 make paym5ts 
( ! tax impos$ "u section #caaa )       

respect to su* s]vice )\t reg>d to !    
contribution & b5efit base limitation 9 
section #caba7;a77#a71 & he %all n be   
requir$ to obta9 a refund ( ! tax paid  
"u section #caaa on t "p ( ! remun]ation
 n includ$ 9 wages by reason ( section  
#caba7;a77#a744  7#c7 ,section #cabe ( !
 ,int]nal ,rev5ue ,code ( #aihf is am5d$
 by /rik+ )\t reg>d to ! contribution & 
b5efit base limitation 9 section        
#caba7;a77#a7 ea* place x appe>s4  7#d7 
,section #cbca7;e77#b77;,c7 ( ! ,int]nal
 ,rev5ue ,code ( #aihf is am5d$ by      
ins]t+ 7z 9 effect on ! date ( !        
enactm5t ( ! ,fair ,adju/m5t & ,income  
,rev5ue = ,social ,security ,act aft]   
employ]s74  7#e7 ,section #ceaa7;b7 ( ! 
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by /rik+ #caba7;a77#a71                 
#cbca7;e77#b77;,c71 & ins]t+            
#cbca7;e77#b77;,c74  7d7 ,effective date
 ,! am5dm5ts made by ?is section %all   
apply ) respect to remun]ation receiv$1 
& taxable ye>s beg9n+1 aft] ,decemb]    
#ca1 #bjae4  #c4 ,reallocation ( payroll

 tax rev5ue  7a7 ,allocation ( #bjaf    
payroll tax rev5ue ,) respect to t      
portion ( wages 7z def9$ 9 section #caba
 ( ! ,int]nal ,rev5ue ,code ( #aihf7    
paid dur+ cal5d> ye> #bjaf t w\ld n be  
consid]$ wages b = ! am5dm5t made by    
section #b7;a71 & ) respect to t portion
 ( self-employm5t income 7z def9$ 9     
section #adjb ( ! ,int]nal ,rev5ue ,code
 ( #aihf7 report$ = any taxable ye>     
beg9n+ dur+ su* cal5d> ye> t w\ld n be  
consid]$ self-employm5t income b = !    
am5dm5t made by section #b7;b71         
p>agraphs 7#a77,r7 & 7#b77,r7 ( section 
#bja7;b7 ( ! ,social ,security ,act 7#db
 ,u4,s4,c4 #dja7;b77 %all ea* be appli$ 
by sub/itut+ #ab4dj p] c5tum = #a4hj p] 
c5tum4  7b7 ,wages ,section #bja7;b77#a7
 ( ! ,social ,security ,act 7#db        
,u4,s4,c4 #dja7;b77#a77 is am5d$ by     
/rik+ & 7,r7 #a4hj p] c5tum ( ! wages 7z
 s def9$7 paid aft] ,decemb] #ca1 #aiii1
 & s report$ & ins]t+ 7,r7 #a4hj p]     
c5tum ( ! wages 7z s def9$7 paid aft]   
,decemb] #ca1 #aiii1 & be=e ,janu>y #a1 

#bjcc1 & s report$1 7,s7 #a4fj p] c5tum 
( ! wages 7z s def9$7 paid aft] ,decemb]
 #ca1 #bjcb1 & be=e ,janu>y #a1 #bjej1 &
 s report$1 & 7,t7 #a4hj p] c5tum ( !   
wages 7z s def9$7 paid aft] ,decemb]    
#ca1 #bjdi1 & s report$4  7c7           
,self-,employm5t income ,section        
#bja7;b77#b7 ( su* ,act 7#db ,u4,s4,c4  
#dja7;b77#b77 is am5d$ by /rik+ & 7,r7  
#a4hj p] c5tum ( ! am\nt (              
self-employm5t income 7z s def9$7 s     
report$ = any taxable ye> beg9n+ aft]   
,decemb] #ca1 #aiii & ins]t+ 7,r7 #a4hj 
p] c5tum ( ! am\nt ( self-employm5t     
income 7z s def9$7 s report$ = any      
taxable ye> beg9n+ aft] ,decemb] #ca1   
#aiii1 & be=e ,janu>y #a1 #bjcc1 7,s7   
#a4fj p] c5tum ( ! am\nt (              
self-employm5t income 7z s def9$7 s     
report$ = any taxable ye> beg9n+ aft]   
,decemb] #ca1 #bjcb1 & be=e ,janu>y #a1 
#bjej1 7,t7 #a4hj p] c5tum ( ! am\nt (  
self-employm5t income 7z s def9$7 s     
report$ = any taxable ye> beg9n+ aft]   
,decemb] #ca1 #bjdi4  7d7 ,effective    

date ,! am5dm5ts made by ?is section    
%all apply ) respect to wages paid aft] 
,decemb] #ca1 #bjae1 & self-employm5t   
income = taxable ye>s beg9n+ aft] su*   
date4  #d4 ,consum] ,price ,index =     
,eld]ly ,consum]s  7a7 ,publication     
7#a7 ,9 g5]al ,! ,bureau ( ,labor       
,/ati/ics ( ! ,dep>tm5t ( ,labor %all   
prep>e & publi% an index = ea* cal5d>   
mon? to be kn[n z ! ,consum] ,price     
,index = ,eld]ly ,consum]s t indicates  
*anges ov] "t 9 exp5ditures =           
consumption :i* are typical =           
individuals 9 ! ,unit$ ,/ates :o are #fb
 ye>s ( age or old]4  7#b7 ,effective   
date ,subsection 7a7 %all apply )       
respect to cal5d> mon?s end+ on or aft] 
,july #ca ( ! cal5d> ye> foll[+ ! cal5d>
 ye> 9 :i* ?is ,act is enact$4  7#c7    
,au?orization ( appropriations ,!re are 
au?oriz$ to be appropriat$ su* sums z   
are necess>y to c>ry out ! provisions ( 
?is section4  7b7 ,computation (        
co/-(-,liv+ increases  7#a7 ,am5dm5ts to
 title ,,ii  7,a7 ,9 g5]al ,section     

#bae7;i77#a7 ( ! ,social ,security ,act 
7#db ,u4,s4,c4 #dae7;i77#a77 is am5d$ by
 add+ at ! end ! foll[+ new subp>agraph3
  7,h7 ! t]m ,consum] ,price ,index     
means ! ,consum] ,price ,index = ,eld]ly
 ,consum]s 7,,cpi-,e1 z publi%$ by !    
,bureau ( ,labor ,/ati/ics ( ! ,dep>tm5t
 ( ,labor74  4  7,b7 ,application to    
pre-#aigi law  7i7 ,9 g5]al ,section    
#bae7;i77#a7 ( ! ,social ,security ,act 
z 9 effect 9 ,decemb] #aigh1 & z appli$ 
9 c]ta9 cases "u ! provisions ( su* ,act
 z 9 effect aft] ,decemb] #aigh1 is     
am5d$ by add+ at ! end ! foll[+ new     
subp>agraph3  7,d7 ! t]m ,consum] ,price
 ,index means ! ,consum] ,price ,index =
 ,eld]ly ,consum]s 7,,cpi-,e1 z publi%$ 
by ! ,bureau ( ,labor ,/ati/ics ( !     
,dep>tm5t ( ,labor74  4  7ii7 ,con=m+   
*ange ,section #bae7;i77#d7 ( ! ,social 
,security ,act 7#db ,u4,s4,c4           
#dae7;i77#d77 is am5d$ by ins]t+ & by   
section #d ( ! ,fair ,adju/m5t & ,income
 ,rev5ue = ,social ,security ,act aft]  
#aihf4  7,c7 ,effective date ,! am5dm5ts

 made by subp>agraphs 7,a7 & 7,b7 %all  
apply to det]m9ations made ) respect to 
co/-(-liv+ computation qu>t]s end+ on or
 aft] ,septemb] #cj ( ! second cal5d>   
ye> foll[+ ! cal5d> ye> 9 :i* ?is ,act  
is enact$4  7#b7 ,am5dm5ts to ,title    
,,xviii  7,a7 ,9 g5]al ,title ,,xviii ( 
su* ,act 7#db ,u4,s4,c4 #acie et seq47  
is am5d$-- 7i7 9 section                
#ahad7;i77#b77;,b7 7#db ,u4,s4,c4       
#acie;f7i77#b77;,b771 by ins]t+ 7i7 =   
acc\nt+ ye>s end+ be=e ,octob] #a ( !   
second cal5d> ye> foll[+ ! cal5d> ye> 9 
:i* ! ,fair ,adju/m5t & ,income ,rev5ue 
= ,social ,security ,act 0 enact$1 aft] 
= a ye> is1 & by ins]t+ aft] fif? mon? (
 ! acc\nt+ ye> ! foll[+3 1 & 7ii7 =     
acc\nt+ ye>s end+ aft] ,octob] #a ( su* 
cal5d> ye>1 ! cap am\nt det]m9$ "u      
clause 7i7 = ! la/ acc\nt+ ye> ref]r$ to
 9 su* clause1 increas$ or decreas$ by !
 same p]c5tage z ! p]c5tage increase or 
decrease1 respectively1 9 ! m$ical c>e  
exp5diture category 7or correspond+     
category7 ( ! ,consum] ,price ,index =  

,eld]ly ,consum]s1 publi%$ by ! ,bureau 
( ,labor ,/ati/ics1 f ,m>* ( su* cal5d> 
ye> to ! fif? mon? ( ! acc\nt+ ye>2     
7ii7 9 section                          
#ahba7;c77#b77;,c77ii77,,ii7 7#db       
,u4,s4,c4                               
#acie;i-#e7;c77#b77;,c77ii77,,ii771 by  
/rik+ consum] price index = all urban   
consum]s 7all items2 ,unit$ ,/ates city 
av]age7 & ins]t+ ,consum] ,price ,index 
= ,eld]ly ,consum]s2  7iii7 9 section   
#ahcc7;h77#b77;,a77i7 7#db ,u4,s4,c4    
#aciel7h77#b77;,a77i77 by /rik+ ,consum]
 ,price ,index = ,all ,urban ,consum]s  
7,unit$ ,/ates city av]age7 & ins]t+    
,consum] ,price ,index = ,eld]ly        
,consum]s2  7iv7 9 section              
#ahcc7;i77#b77;,c77i7 7#db ,u4,s4,c4    
#aciel7i77#b77;,c77i771 by /rik+        
,consum] ,price ,index = all urban      
consum]s 7,u4,s4 city av]age7 & ins]t+  
,consum] ,price ,index = ,eld]ly        
,consum]s2  7v7 9 section               
#ahcd7;a77#ad77,l7 7#db ,u4,s4,c4       
#aciem7a77#ad77,l771 by /rik+ consum]   

price index = all urban consum]s 7,u4,s4
 urban av]age7 & ins]t+ applicable      
consum] price index2  7vi7 9 section    
#ahcd7;h77#d77;,a77xi77,i7 7#db         
,u4,s4,c4 #aciem7h77#d77;,a77xi77,i771  
by /rik+ consum] price index = all urban
 consum]s 7,unit$ ,/ates city av]age7 & 
ins]t+ ,consum] ,price ,index = ,eld]ly 
,consum]s2  7vii7 9 section             
#ahcd7l77#c77;,b7 7#db ,u4,s4,c4        
#aciem7l77#c77;,b771 by /rik+ consum]   
price index = all urban consum]s 7,u4,s4
 city av]age7 & ins]t+ ,consum] ,price  
,index = ,eld]ly ,consum]s2  7viii7 9   
section #ahci7;i77#e77;,a77ii7 7#db     
,u4,s4,c4 #acier7i77#e77;,a77ii771 by   
/rik+ ,consum] ,price ,index 7,unit$    
,/ates city av]age7 & ins]t+ ,consum]   
,price ,index = ,eld]ly ,consum]s2  7ix7
 9 section #ahdb7s77#a77;,b77ii77,i7    
7#db ,u4,s4,c4                          
#acieu7s77#a77;,b77ii77,i771 by /rik+   
consum] price index = all urban consum]s
 7,unit$ ,/ates city av]age7 & ins]t+   
,consum] ,price ,index = ,eld]ly        

,consum]s2  7x7 9 ea* ( subp>agraphs    
7,d77ii7 & 7,e77i77,,ii7 ( section      
#ahfj;,d-#ad7;a77#c7 7#db ,u4,s4,c4     
#aciew-#aad7;a77#c77 & 9 section        
#ahfj;,d-#ad7;a77#d77;,a77ii7 7#db      
,u4,s4,c4 #aciew-#aad7;a77#d77;,a77ii771
 by /rik+ consum] price index 7all      
items2 ,u4,s4 city av]age7 & ins]t+     
,consum] ,price ,index = ,eld]ly        
,consum]s2  7xi7 9 section              
#ahhb7p77#aa77;,c77ii7 7#db ,u4,s4,c4   
#aciess7p77#aa77;,c77ii771 by /rik+     
,consum] ,price ,index = all urban      
consum]s 7all items2 ,u4,s4 city av]age7
 & ins]t+ ,consum] ,price ,index =      
,eld]ly ,consum]s2  7xii7 9 ea* (       
clauses 7iv7 & 7vi77,,ii7 ( section     
#ahhf7;h77#b77;,e7 7#db ,u4,s4,c4       
#acieww7h77#b77;,e771 by /rik+ = all    
urban consum]s2 &  7xiii7 9 section     
#ahhf7;h77#e77;,b7 7#db ,u4,s4,c4       
#acieww7h77#e77;,b771 by /rik+ ,consum] 
,price ,index = ,all ,urban ,consum]s   
7,unit$ ,/ates city av]age7 & ins]t+    
,consum] ,price ,index = ,eld]ly        

,consum]s4  7,b7 ,effective date ,!     
am5dm5ts made by subp>agraph 7,a7 %all  
apply ) respect to det]m9ations made =  
p]iods end+ aft] ,decemb] #ca ( ! second
 cal5d> ye> foll[+ ! cal5d> ye> 9 :i*   
?is ,act 0 enact$4