Political Quotes

“Madam Speaker, I rise today in strong support of H.R. 2954, the Securing a Strong Retirement Act, also known as SECURE 2.0. It is a sad reality that today too many hardworking Americans enter retirement without enough savings. In fact, according to a recent report, only 36 percent of working adults feel their retirement savings are on track to meet their goals and more than one-third of U.S. workers have never even had a retirement account. It's clear that millions of Americans could face a financial crisis during their retirement years. Congress can help head off this avoidable emergency and give individuals, families, and businesses more tools to boost their retirement nest eggs. Last year, the House Ways & Means Committee unanimously passed the bipartisan Securing a Strong Retirement Act of 2021, legislation providing new incentives to help improve the retirement financial landscape for Americans across the country. This bipartisan retirement savings bill seeks to build on the momentum from legislation that passed last Congress. Specifically, this important new legislation would double the existing tax credit for businesses with 50 or fewer employees that start a company retirement plan, expand-auto-enrollment, push back the withdrawal retirement age, and allow workers to double their catch-up contributions. This bipartisan bill also authorizes new protections for people paying down student loan debts and incentives to America's veterans.…”