OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Senior Citizens Want to Work

Floor Speech

Date: Feb. 1, 2022
Location: Washington, DC

BREAK IN TRANSCRIPT

Mr. GROTHMAN. Mr. Speaker, I would like to encourage the body to pass the Senior Independence Act.

When I was back home over the last week, as I toured my businesses, wherever I went--be it in agriculture, tourism, transportation, manufacturing, or retail--businesses all had the same problem. They couldn't find enough people to work. They suggested I look at a change in Social Security law.

Social Security is great, but currently under Social Security law-- and kind of a mistake that Franklin Roosevelt made in the original way it was proposed--as soon as you make $19,500, you wind up losing a dollar for every additional $2 you earn. This is causing people who would like to work more to stop working because the tax rate is just too high.

It is time to pass the Senior Independence Act and move toward the point where you can make up to $30,000 before they take away your money, allowing more independence for our seniors and more labor for our businesses.

BREAK IN TRANSCRIPT


Source
arrow_upward