,,ii  #aaith ,,congress  #ast ,session  
,s4 #aaji  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,march #be1    
#bjbe,mr4 ,ricketts 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 provide for a
 temporary reduction of the inclusion in
 gross income for old-age and survivors 
insurance benefit payments under the    
,social ,security ,act1 as well as tier 
#a railroad retirement benefits4  #a4   
,short title ,this ,act may be cited as 
the ,social ,security ,check ,tax ,cut  
,act4  #b4 ,temporary reduction of      
inclusion in gross income for old-age   
and survivors insurance benefit payments
  7a7 ,in general ,section #hf of the   
,internal ,revenue ,code of #aihf is    
amended by adding at the end the        
following new subsection3  7g7 ,special 
rules for taxable years #bjbf and #bjbg 
7#a7 ,in general ,in the case of a      
taxable year beginning after ,december  

#ca1 #bjbe1 and before ,january #a1     
#bjbh1 this section shall be applied as 
provided in paragraphs 7#b7 and 7#c74   
7#b7 ,separate application for          
retirement and disability benefits      
,subsection 7a7 shall be applied        
separately with respect to-- 7,a7 any   
social security benefits received by the
 taxpayer by reason of entitlement to-- 
7i7 a monthly benefit under section #bjb
 of the ,social ,security ,act 7#db     
,u4,s4,c4 #djb71 or  7ii7 a tier #a     
railroad retirement benefit1 and  7,b7  
any social security benefits received by
 the taxpayer by reason of entitlement  
to a monthly benefit under section #bbc 
of the ,social ,security ,act 7#db      
,u4,s4,c4 #dbc74  7#c7 ,reduction of    
inclusion in gross income for old-age   
and survivors insurance benefit payments
 ,for purposes of any social security   
benefits which are described in         
paragraph 7#b77;,a71 in lieu of the     
amount determined under subsection 7a7  
7after the application of paragraph     

7#b77 with respect to such benefits1 the
 amount of such benefits which are      
included in the gross income of the     
taxpayer under this section shall be    
equal to-- 7,a7 the amount otherwise    
determined under subsection 7a7 7after  
the application of paragraph 7#b77 with 
respect to such benefits1 minus  7,b7 an
 amount equal to-- 7i7 in the case of a 
taxable year beginning after ,december  
#ca1 #bjbe1 and before ,january #a1     
#bjbg1 #aj percent of the amount        
determined under subparagraph 7,a71 and 
7ii7 ,in the case of a taxable year     
beginning after ,december #ca1 #bjbf1   
and before ,january #a1 #bjbh1 #bj      
percent of the amount determined under  
subparagraph 7,a74  4  7b7 ,protection  
of trust funds ,there are hereby        
appropriated to the ,federal ,old-,age  
and ,survivors ,trust ,fund and the     
,federal ,disability ,insurance ,trust  
,fund established under section #bja of 
the ,social ,security ,act 7#db         
,u4,s4,c4 #dja71 as well as the         

,medicare ,hospital ,insurance ,trust   
,fund established under section         
#ahag7;a7 of the ,social ,security ,act 
7#db ,u4,s4,c4 #acie;i7a771 amounts     
equal to the reduction in revenues to   
the ,treasury by reason of the amendment
 made by subsection 7a74 ,amounts       
appropriated by the preceding sentence  
shall be transferred from the general   
fund at such times and in such manner as
 to replicate to the extent possible the
 transfers which would have occurred to 
each such ,trust ,fund had such         
amendment not been enacted4  7c7        
,effective date ,the amendment made by  
subsection 7a7 shall apply to taxable   
years beginning after ,december #ca1    
#bjbe4