,,ii  #aaith ,,congress  #ast ,session  
,s4 #ceh  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,february #c1       
#bjbe,mrs4 ,blackburn 7for herself and  
,mr4 ,marshall7 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 increase the         
threshold amounts for inclusion of      
,social ,security benefits in income4   
#a4 ,short title ,this ,act may be cited
 as the ,reducing ,excessive ,taxation  
and ,inefficiencies by ,reforming ,elder
 ,exemptions to ,support ,fairness1     
,inflation ,relief1 and ,simpler ,taxes 
,act or the ,,retirees ,,first ,act4    
#b4 ,increase in threshold amounts for  
inclusion of ,social ,security benefits 
in income  7a7 ,in general ,subsection  
7a7 of section #hf of the ,internal     
,revenue ,code of #aihf is amended to   
read as follows3  7a7 ,in general ,gross
 income for the taxable year of any     
taxpayer described in subsection 7b7    

7notwithstanding section #bjg of the    
,social ,security ,act7 includes ,social
 ,security benefits in an amount equal  
to the lesser of-- 7#a7 #he percent of  
the ,social ,security benefits received 
during the taxable year1 or  7#b7 #he   
percent of the excess described in      
subsection 7b77#a74  4  7b7 ,base amount
 ,subsection 7c7 of section #hf of such 
,code is amended to read as follows3    
7c7 ,base amount  7#a7 ,in general ,for 
purposes of this section1 the term base 
amount means-- 7,a7 except as otherwise 
provided in this subsection1 #cd1jjj1   
7,b7 #fh1jjj in the case of a joint     
return1 and  7,c7 zero in the case of a 
taxpayer who-- 7i7 is married as of the 
close of the taxable year 7within the   
meaning of section #ggjc7 but does not  
file a joint return for such year1 and  
7ii7 does not live apart from his spouse
 at all times during the taxable year4  
7#b7 ,inflation adjustment  7,a7 ,in    
general ,in the case of any taxable year
 beginning after #bjbe1 each of the     

dollar amounts in paragraph 7#a7 shall  
be increased by an amount equal to-- 7i7
 such dollar amount1 multiplied by  7ii7
 the cost-of-living adjustment          
determined under section #a7;f77#c7 for 
the calendar year1 determined by        
substituting calendar year #bjbd for    
calendar year #bjaf in subparagraph     
7,a77ii7 thereof4  7,b7 ,rounding ,if   
any amount determined under subparagraph
 7,a7 is not a multiple of #a1jjj1 such 
amount shall be rounded to the nearest  
multiple of #a1jjj4  4  7c7 ,social     
,security trust funds held harmless     
,there are hereby appropriated 7out of  
any money in the ,treasury not otherwise
 appropriated7 for each fiscal year to  
each fund under the ,social ,security   
,act or the ,railroad ,retirement ,act  
of #aigd an amount equal to the         
reduction in the transfers to such fund 
for such fiscal year by reason of the   
amendments made by this section4  7d7   
,effective date ,the amendments made by 
this section shall apply to taxable     

years beginning after ,december #ca1    
#bjbe4  #c4 ,reallocating non-security  
discretionary appropriations to support 
retiree tax relief  7a7 ,rescission     
,subject to subsection 7c71 for fiscal  
year #bjbg1 and each fiscal year        
thereafter1 effective on the day after  
the date on which appropriations are    
made available through ,september #cj of
 the applicable fiscal year for the     
entire ,federal ,government1 there is   
rescinded an amount equal to the total  
cost for such fiscal year1 on a pro rata
 basis1 from amounts made available     
through regular appropriation ,acts4    
7b7 ,regular appropriation ,act ,for    
purposes of this section1 the term      
regular appropriation ,act-- 7#a7 means 
an annual appropriation ,act 7as        
described in section #aje of title #a1  
,united ,states ,code7 providing new    
budget authority 7as defined in section 
#c of the ,congressional ,budget and    
,impoundment ,control ,act of #aigd 7#b 
,u4,s4,c4 #fbb77 for the programs1      

projects1 and activities under the      
jurisdiction of a subcommittee of the   
,committee on ,appropriations of the    
,senate2 and  7#b7 includes-- 7,a7 a    
title1 division1 or other subdivision of
 an ,act or resolution that1 if it were 
a separate ,act1 would be an ,act       
described in paragraph 7#a72 and  7,b7 a
 resolution or ,act1 or a title1        
division1 or other subdivision of a     
resolution or ,act1 making continuing   
appropriations for all1 or a portion of1
 a fiscal year4  7c7 ,exclusion         
,subsection 7a7 shall not apply with    
respect to any discretionary            
appropriations included in the security 
category 7as defined in ,section        
#bej7;c7 of the ,balanced ,budget and   
,emergency ,deficit ,control ,act of    
#aihe 7#b ,u4,s4,c4 #ijj7;c7774  7d7    
,total cost ,for purposes of this       
section1 the term total cost means1 with
 respect to a fiscal year1 an amount 7as
 determined by the ,secretary of the    
,treasury7 equal to the total reduction 

in the transfers to each fund under the 
,social ,security ,act or the ,railroad 
,retirement ,act of #aigd for such      
fiscal year by reason of the amendments 
made by section #b7;b7 7as determined   
without respect to any appropriation    
made pursuant to section #b7;c774  7e7  
,,omb report ,not later than ,january   
#a1 #bjbh1 and annually thereafter1 the 
,director of the ,office of ,management 
and ,budget shall publish a report      
detailing any rescissions made under    
this section with respect to the most   
recently completed fiscal year4