Yesterday, I along with Representative Bunning, Representative Kelly, Representative Thurman, and over 100 others introduced the Senior Citizens Equity Act, 1 of the 10 pieces of legislation proposed as part of the Contract With America. The Senior Citizens Equity Act recognizes that it is time we change our laws so that our Nation's seniors are treated fairly. First, this legislation sharply curtails the impact of the Social Security earnings limitation on our seniors who continue to remain productive in the workplace. For far too long we have penalized working seniors who earn little more than minimum wage, by taxing them at rates higher than those of millionaires. It is time that we ease this burden for those seniors who need to work to supplement their pension and Social Security income. This bill would also repeal the $25 billion tax increase on seniors that was approved by the last Congress. That new tax imposed exorbitantly high income tax rates on senior citizens simply because they drew Social Security benefits and earned as little as $34,000 a year. It also set a dangerous precedent.
On the recordJanuary 5, 1995
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govinfo.govEditor's note · Context
Introducing the Senior Citizens Equity Act to address tax burdens on seniors.
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