On the recordJuly 26, 2000
the Austrian philosopher Karl Krauss once wrote, ``When the end comes, I want to be living in retirement.'' Many Americans in this country feel that way. They put in countless hours anticipating the day when they will retire. Unfortunately, the Clinton-Gore administration sees these benefits as a prime opportunity to grab more money for the Federal Government. In 1993, the Clinton-Gore administration decided to tax up to 85 percent of the Social Security benefits received by single seniors whose incomes were $34,000, and married taxpayers, seniors, with incomes exceeding $44,000. Worse yet, Mr. Speaker, because these incomes were not indexed for inflation, the tax effects were more dramatic every year for our seniors. This week the House will vote to end this burdensome tax and give seniors a well-deserved tax break. Seniors have paid their fair share of taxes. It is time we repeal the Clinton-Gore seniors' tax.
Source
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