On the recordMarch 1, 2000
When this bill gets signed by the President, it will in effect be retroactive, a retroactive tax cut for workers for this year. It fits in perfectly. It was 2 weeks ago that we had a hearing in my subcommittee about the shortage of workers that we are facing. So whether it is the school teacher and qualified teachers in Fremont, Michigan or whether it is other industries around the country today, we know that there is a shortage of workers and that seniors have so much to add in terms of their skills and their expertise to filling that need that it is not only the fair thing to do, it is the right thing to do. We need these workers if they want to. We need them to stay in the workforce. The least we could do is make the tax code neutral to that decision rather than penalizing them for staying in the workforce, at least now as they consider whether they are going to work or whether they are going to enjoy their retirement, they do not have to take a look at the tax code and see, now, what does the tax code want me to do and how many hours does it want me? What a ridiculous process to go through. It is the fair thing to do; it is the right thing to do.
Source
govinfo.gov




