,,ii  #aai? ,,congress  #a/ ,session    
,s4 #ceh  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,febru>y #c1 #bjbe,mrs4
 ,blackburn 7= h]self & ,mr4 ,m>%all7   
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to increase !     
?re%old am\nts = inclusion ( ,social    
,security b5efits 9 income4  #a4 ,%ort  
title ,?is ,act may be cit$ z ! ,r$uc+  
,excessive ,taxation & ,ineffici5cies by
 ,re=m+ ,eld] ,exemptions to ,support   
,fairness1 ,inflation ,relief1 & ,simpl]
 ,taxes ,act or ! ,,retirees ,,fir/     
,act4  #b4 ,increase 9 ?re%old am\nts = 
inclusion ( ,social ,security b5efits 9 
income  7a7 ,9 g5]al ,subsection 7a7 (  
section #hf ( ! ,int]nal ,rev5ue ,code (
 #aihf is am5d$ to read z foll[s3  7a7  
,9 g5]al ,gross income = ! taxable ye> (
 any taxpay] describ$ 9 subsection 7b7  
7not)/&+ section #bjg ( ! ,social       
,security ,act7 includes ,social        
,security b5efits 9 an am\nt equal to ! 

less] (-- 7#a7 #he p]c5t ( ! ,social    
,security b5efits receiv$ dur+ ! taxable
 ye>1 or  7#b7 #he p]c5t ( ! excess     
describ$ 9 subsection 7b77#a74  4  7b7  
,base am\nt ,subsection 7c7 ( section   
#hf ( su* ,code is am5d$ to read z      
foll[s3  7c7 ,base am\nt  7#a7 ,9 g5]al 
,= purposes ( ?is section1 ! t]m base   
am\nt means-- 7,a7 except z o!rwise     
provid$ 9 ?is subsection1 #cd1jjj1  7,b7
 #fh1jjj 9 ! case ( a jo9t return1 &    
7,c7 z]o 9 ! case ( a taxpay] :o-- 7i7  
is m>ri$ z ( ! close ( ! taxable ye> 7)9
 ! mean+ ( section #ggjc7 b does n file 
a jo9t return = su* ye>1 &  7ii7 does n 
live ap>t f 8 sp\se at all times dur+ ! 
taxable ye>4  7#b7 ,inflation adju/m5t  
7,a7 ,9 g5]al ,9 ! case ( any taxable   
ye> beg9n+ aft] #bjbe1 ea* ( ! doll>    
am\nts 9 p>agraph 7#a7 %all be increas$ 
by an am\nt equal to-- 7i7 su* doll>    
am\nt1 multipli$ by  7ii7 ! co/-(-liv+  
adju/m5t det]m9$ "u section #a7;f77#c7 =
 ! cal5d> ye>1 det]m9$ by sub/itut+     
cal5d> ye> #bjbd = cal5d> ye> #bjaf 9   

subp>agraph 7,a77ii7 !re(4  7,b7 ,r\nd+ 
,if any am\nt det]m9$ "u subp>agraph    
7,a7 is n a multiple ( #a1jjj1 su* am\nt
 %all be r\nd$ to ! ne>e/ multiple (    
#a1jjj4  4  7c7 ,social ,security tru/  
funds held h>mless ,!re are h]eby       
appropriat$ 7out ( any money 9 !        
,treasury n o!rwise appropriat$7 = ea*  
fiscal ye> to ea* fund "u ! ,social     
,security ,act or ! ,railroad ,retirem5t
 ,act ( #aigd an am\nt equal to !       
r$uction 9 ! transf]s to su* fund = su* 
fiscal ye> by reason ( ! am5dm5ts made  
by ?is section4  7d7 ,effective date ,! 
am5dm5ts made by ?is section %all apply 
to taxable ye>s beg9n+ aft] ,decemb]    
#ca1 #bjbe4  #c4 ,reallocat+            
non-security discretion>y appropriations
 to support retiree tax relief  7a7     
,rescission ,subject to subsection 7c71 
= fiscal ye> #bjbg1 & ea* fiscal ye>    
!reaft]1 effective on ! day aft] ! date 
on :i* appropriations are made available
 ?r\gh ,septemb] #cj ( ! applicable     
fiscal ye> = ! entire ,f$]al ,gov]nm5t1 

!re is resc9d$ an am\nt equal to ! total
 co/ = su* fiscal ye>1 on a pro rata    
basis1 f am\nts made available ?r\gh    
regul> appropriation ,acts4  7b7 ,regul>
 appropriation ,act ,= purposes ( ?is   
section1 ! t]m regul> appropriation     
,act-- 7#a7 means an annual             
appropriation ,act 7z describ$ 9 section
 #aje ( title #a1 ,unit$ ,/ates ,code7  
provid+ new budget au?ority 7z def9$ 9  
section #c ( ! ,congressional ,budget & 
,imp\ndm5t ,control ,act ( #aigd 7#b    
,u4,s4,c4 #fbb77 = ! programs1 projects1
 & activities "u ! jurisdiction ( a     
subcommittee ( ! ,committee on          
,appropriations ( ! ,s5ate2 &  7#b7     
includes-- 7,a7 a title1 division1 or   
o!r subdivision ( an ,act or resolution 
t1 if x 7 a sep>ate ,act1 w\ld be an    
,act describ$ 9 p>agraph 7#a72 &  7,b7 a
 resolution or ,act1 or a title1        
division1 or o!r subdivision ( a        
resolution or ,act1 mak+ cont9u+        
appropriations = all1 or a portion (1 a 
fiscal ye>4  7c7 ,exclusion ,subsection 

7a7 %all n apply ) respect to any       
discretion>y appropriations includ$ 9 ! 
security category 7z def9$ 9 ,section   
#bej7;c7 ( ! ,balanc$ ,budget & ,em]g5cy
 ,deficit ,control ,act ( #aihe 7#b     
,u4,s4,c4 #ijj7;c7774  7d7 ,total co/ ,=
 purposes ( ?is section1 ! t]m total co/
 means1 ) respect to a fiscal ye>1 an   
am\nt 7z det]m9$ by ! ,secret>y ( !     
,treasury7 equal to ! total r$uction 9 !
 transf]s to ea* fund "u ! ,social      
,security ,act or ! ,railroad ,retirem5t
 ,act ( #aigd = su* fiscal ye> by reason
 ( ! am5dm5ts made by section #b7;b7 7z 
det]m9$ )\t respect to any appropriation
 made pursuant to section #b7;c774  7e7 
,,omb report ,n lat] ?an ,janu>y #a1    
#bjbh1 & annually !reaft]1 ! ,director (
 ! ,(fice ( ,managem5t & ,budget %all   
publi% a report detail+ any rescissions 
made "u ?is section ) respect to ! mo/  
rec5tly complet$ fiscal ye>4