A bill to amend title II of the Social Security Act, and the Internal Revenue Code of 1954, to increase to $22,000 in 1977 the amount of annual earnings which (subject to future automatic adjustments) may be taken into account for benefit and tax purposes under the social security program.

Increases in specified annual increments, to an upper limit of $22,000 in 1977, the amount of annual earnings which (subject to future automatic adjustments) may be taken into account for social security benefit and tax purposes under Title II (Old-Age, Survivors, and Disability Insurance) of the Social Security Act, and the Internal Revenue Code.