On the recordMay 11, 1994
Today is a monumental step for our Nation's seniors. I want to commend my colleagues who have joined my good friend, the gentleman from Illinois, and signed the petition that would discharge the rule and allow H.R. 300, the Older Americans Freedom To Work Act, to be debated before the full House. Mr. Speaker, seniors between 65 and 70 with private pensions are not penalized if they earn more than $11,160 annually. Why should seniors living on Social Security be penalized? I know firsthand how important this legislation is. I have a senior constituent, Bess Marsala from Rockford, IL, who calls our office once a week to find out if there is any movement on H.R. 300. Today I will have some good news for her. She will be able to go back to work and not worry about the current earnings test restrictions which would cause her to lose $1 of Social Security benefits for every $3 she earns over $11,160 annually. This puts her at a tax rate of 56 percent. H.R. 300 will allow Bess to earn up to $30,000 annually and keep her full Social Security benefits.
Source
govinfo.gov




