Shoppers Baby-Sitter Service tax plan faces changes
The proposed bill would raise the social security tax to two and a half percent each for employees and employers starting January 1 1956, with gradual increases to nine percent by 1975. Self-employed rates would rise to three and three- quarter percent and then six and three- quarter percent. The vote also covers 1954 amendments and filing deadlines for farm operators and clergy seeking coverage.
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Government Opposes Lowering Social Security Retirement Age
The administration is expected to oppose lowering the retirement age for women and disabled persons in the next session. The House passed a bill expanding coverage and lowering ages to 42 for some groups, with hearings planned in the new year and Folsom urging caution on tax impacts.
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