TJ Cox: “I hope it is not considered pandering to the American people, as the previous speaker suggested, to permit our senior…”

“I hope it is not considered pandering to the American people, as the previous speaker suggested, to permit our senior citizens who are receiving Social Security benefits to keep something of what they earn. In 1993, in the context of the largest tax increase in American history, President and the then Democrat Congress imposed a 70-percent income tax rate increase on senior citizens who work. An important part of the bill that we are now bringing to the floor is going to roll that back. It was criticized as a tax increase on seniors who are rich, on rich retirees, on rich Social Security beneficiaries. In fact, the 70-percent income tax rate increase on Social Security benefits started for senior citizens who work and who make as little as $30,000 a year. They are not, in my book, the rich. I do not think they are anywhere else in America. I hope all of us will take this opportunity to repeal that onerous tax increase.”