the time has come to provide tax relief for all Americans, especially for our senior citizens. Today our grandparents are used as money trees by the Federal Government. Instead of treating our elders with respect, our Government has come to look at them as just another tax target. For instance, the earnings limit imposed on working seniors actually discourages work. The tax is so unfair that if a senior citizens earns over $11,000 in a year, he or she will be assessed a marginal tax rate of 56 percent. That is 56 percent; that is ridiculous. This rate is twice the rate that millionaires pay. Excuse me, but I think there is something wrong with this picture. In our Contract with America, Republicans promised to reduce the tax burden imposed on senior citizens. We are committed to tax fairness and to protecting our grandparents. We owe it to those who fought the wars, raised the families, and built the Nation to protect them from an out-of-control Federal Government bent on taxing the American people into the poorhouse. Let us cut taxes now.
Editor's note · Context
Addressing the need for tax relief for senior citizens during a floor speech.
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