[Congressional Record Volume 141, Number 59 (Thursday, March 30, 1995)]
[House]
[Page H3983]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


   THE SENIOR CITIZENS EQUITY ACT IS INCLUDED IN NEXT WEEK'S TAX BILL

  (Mr. BUNNING of Kentucky asked and was given permission to address 
the House for 1 minute.)
  Mr. BUNNING of Kentucky. Mr. Speaker, I rise today to give a small 
reminder to this House about some of the provisions in the tax bill 
that we are going to vote on next week.
  Amid all of the white-hot rhetoric about child tax credits, capital 
gains tax cuts, and the rest, a lot of people seem to have forgotten 
that this legislation is really going to help a lot of our Nation's 
seniors.
  The Senior Citizens Equity Act is part of this tax bill, and let me 
just remind my colleagues about how it is going to help them.
  The bill raises the Social Security earnings limit so that older 
Americans who work are not penalized for making a little extra income.
  It makes it easier for folks to buy long-term health care insurance, 
or to cash in their life insurance policies to help cope with the 
daunting costs when they are faced with a terminal illness.
  Best of all, this bill repeals the onerous Clinton Social Security 
tax increase that the President rammed through this House 2 years ago.
  Mr. Speaker, the fur is really going to fly when the House debates 
this tax cut bill. But I urge my colleagues not to forget that this 
bill does more than cut taxes. It helps senior citizens. And for that 
alone, it deserves our support.


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