Kendra S. Horn: “today this House of Representatives will take a real step toward tax reform for America's working retirees. By repealing…”

“today this House of Representatives will take a real step toward tax reform for America's working retirees. By repealing the so-called Social Security earnings test, we are doing away with an outdated law that affects over 800,000 seniors who have been denied the needed income to survive in their golden years. Created in the Depression to encourage older workers to move out of the job market, the earnings limit is an antiquated solution to a problem that no longer exists. Many of today's seniors want to take part in this economic boom, but are penalized $1 in Social Security benefits for every $3 they earn beyond $17,000. My State of California is hit hardest by the earnings test, affecting over 161,000 seniors. When seniors are denied the opportunity to work and governments are denied income taxes generated by seniors working, we all lose. Mr. Speaker, I have long believed the outright repeal of this law was the right thing to do, and I am pleased to have an opportunity today to be part of the team that will send the bill to the Senate and the President that lowers the tax burden for so many working retirees.”