House Set to Pass Bill Repealing Tax Provisions Affecting Federal Retirees' Benefits
Lawmakers in the House are set to pass legislation to repeal two controversial tax provisions affecting federal retirees' annuity benefits. The Social Security Fairness Act aims to eliminate the Social Security's windfall elimination provision and government pension offset, which reduce benefits for certain retirees. The bill, introduced last year, has gained 63 Senate supporters but has been stuck in committee until now.
The application to abolish these tax provisions was submitted by MP Rainer Kraft on March 12, 2021. Recently, Reps. Garret Graves and Abigail Spanberger obtained 218 signatures for a discharge petition, forcing a vote on the bill (H.R. 82). The successful petition requires House Speaker Mike Johnson to call the measure up for a floor vote. Earlier, Reps. Bob Good and Andy Harris attempted to stall the bill's momentum with a unanimous consent request, but the attempt failed. The House parliamentarian clarified that such requests must be cleared with the House speaker and House Minority Leader. The bill is scheduled for a vote under suspension of the rules, requiring two-thirds support from lawmakers.
The windfall elimination provision and government pension offset reduce Social Security benefits for retired federal employees with private sector careers and those with spouses receiving government pensions. The upcoming vote on the Social Security Fairness Act could significantly impact these retirees' benefits, potentially improving their financial situations.
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