Retired Workers Stimulus and Tax Relief Bill

The signers noted below urge Congress to pass a bill, rescinding any tax on existing Social Security benefits payable by any retiree who returns to work. This tax relief would provide a great stimulus to all retirees considering returning to the workforce while adding social security and medicare taxes, currently not being generated. If a Retiree receives $1,200 mo in SSI and could earn another $20,000 without the SSI being taxed, the new income of $20,000 would increase the SSI trust fund by $1,530.00 (7.65 X $20,000) a year. Currently, if the Retired Worker makes more than $13,000, they will pay $1.00 for every three dollars of SSI benefits received. Vested retirees deserve an opportunity to increase their income without any additional tax.