[Congressional Record Volume 141, Number 63 (Wednesday, April 5, 1995)]
[House]
[Page H4185]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
TAX FAIRNESS MEANS TAX RELIEF FOR SENIOR CITIZENS
(Mr. CHABOT asked and was given permission to address the House for 1
minute.)
Mr. CHABOT. Mr. Speaker, the time has come to provide tax relief for
all Americans, especially for our senior citizens. Today our
grandparents are used as money trees by the Federal Government. Instead
of treating our elders with respect, our Government has come to look at
them as just another tax target.
For instance, the earnings limit imposed on working seniors actually
discourages work. The tax is so unfair that if a senior citizens earns
over $11,000 in a year, he or she will be assessed a marginal tax rate
of 56 percent. That is 56 percent; that is ridiculous. This rate is
twice the rate that millionaires pay.
Excuse me, but I think there is something wrong with this picture.
In our Contract with America, Republicans promised to reduce the tax
burden imposed on senior citizens. We are committed to tax fairness and
to protecting our grandparents. We owe it to those who fought the wars,
raised the families, and built the Nation to protect them from an out-
of-control Federal Government bent on taxing the American people into
the poorhouse.
Let us cut taxes now.
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