Philip English said "while H.R. 1215, the Republican tax program, helps working families, promotes economic growth, and creates jobs, it also helps millions of working senior citizens. Current law imposes harsh penalties on senior citizens, particularly those who continue to work beyond the age of 65. Today working seniors face higher, more punishing tax rates than millionaires in our tax system. Currently seniors who work after age 65 lose $1 in Social Security benefits for every $3 they earn above $11,280. These are not rich people. The Social Security earnings limitation has pushed many older Americans out of the work force and slowed economic growth. H.R. 1215 increases the earnings limitation by almost $19,000 to $30,000, thereby eliminating the bias against older Americans who want to remain attached to the work force and it does so without increasing the deficit." @ PoliticalQuotes.com

On the recordApril 4, 1995

while H.R. 1215, the Republican tax program, helps working families, promotes economic growth, and creates jobs, it also helps millions of working senior citizens. Current law imposes harsh penalties on senior citizens, particularly those who continue to work beyond the age of 65. Today working seniors face higher, more punishing tax rates than millionaires in our tax system. Currently seniors who work after age 65 lose $1 in Social Security benefits for every $3 they earn above $11,280. These are not rich people. The Social Security earnings limitation has pushed many older Americans out of the work force and slowed economic growth. H.R. 1215 increases the earnings limitation by almost $19,000 to $30,000, thereby eliminating the bias against older Americans who want to remain attached to the work force and it does so without increasing the deficit.

Said by

Philip English

Republican · Pennsylvania

Source

govinfo.gov

Editor's note · Context

Discussing the impact of H.R. 1215 on working senior citizens and tax penalties.

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