Press Releases
Representative Thomas Massie Reintroduces Bipartisan Bill to Eliminate Social Security Double-Tax
Washington, DC,
July 25, 2019
FOR IMMEDIATE RELEASE “Hardworking Americans have worked hard to secure the benefits they need to retire, paying into the system for decades and playing by the rules,” said Representative Brian Fitzpatrick (R-PA). “Senior citizens who receive their Social Security payments should not have their income reduced by double taxation.” Representative Troy Balderson (R-OH) said, “When you rely on a fixed income, every dollar counts. This is the case for many of our country’s senior citizens, who can’t afford an unfair double-tax on their hard-earned Social Security benefits.” “The cost of living for seniors is rising and this will bring immediate tax relief for West Virginians,” said Representative Alex X. Mooney (R-WV). “Seniors worked hard to earn their Social Security benefits and have already been taxed on their contributions to Social Security. The federal tax on Social Security is a double-tax and its repeal is the right thing to do for our seniors.” Representative Daniel Webster (R-FL) said, “For decades, seniors have paid into Social Security with their tax dollars. Now, when many seniors are on a fixed income and struggling financially, they are being double-taxed because of income taxes on their Social Security benefits. This is wrong and I’m pleased to once again co-sponsor this legislation to repeal this tax.” “No one should be taxed twice on their income, especially senior citizens who live on a fixed incomes,” said Representative Jeff Van Drew (D-NJ). “Senior Americans, who have paid into Social Security their entire working lives, depend on this income stream for their basic necessities such as rent and groceries. This bipartisan bill will benefit thousands of Americans throughout South Jersey exempting Social Security benefits from taxes.” Dan Weber, President and Founder of the Association of Mature American Citizens, released the following statement: “Every year, millions of seniors become eligible for either Social Security or tier I railroad retirement benefits. After working for decades, being involuntarily taxed on their hard-earned income to fund these federal programs, some seniors are forced to pay income tax on the benefits they withdraw from the federal government. Taxing the very benefits created from taxed earnings is completely nonsensical, and diminishes the retirement benefits seniors have been promised. Seniors deserve to reap the full benefits of their career-long contributions to Social Security and the Railroad Retirement Plan. The Senior Citizens Tax Elimination Act will amend the Internal Revenue Code of 1986 to terminate the inclusion of tier I railroad retirement benefits and Social Security benefits in an individual’s gross income. As this legislation takes effect, seniors will notice their tax liability is significantly reduced, and will no longer deal with the ‘double tax’ on their federally earned benefits.” |