John Shaw: “I rise in support of helping this country's senior citizens continue to live their American dream. And I mean all senior…”

“I rise in support of helping this country's senior citizens continue to live their American dream. And I mean all senior citizens, not just wealthy senior citizens. Since 1993, the Clinton tax hike on Social Security benefits has meant that a senior citizen who lives on a fixed income as low as $34,000 must pay income taxes on 85 percent of his or her benefits. This was a 70-percent income tax hike on Social Security benefits. Today, we are going to repeal this ill-conceived tax hike and reassure our senior citizens that this Congress has not forgotten the hard work they contributed to their country. We are also not going to forget that many citizens over the age 65 have no intention of settling into retirement, or that others are in the situation where they must continue to work beyond age 65 because their fixed Social Security income does not provide adequate financial security. For these people we are offering to increase the amount senior citizens can earn before being taxed on the benefits they have already earned.”