The purpose of Social Security is to provide people with financial support during retirement, not to be another source of tax revenue for the Federal Government.
That’s why today, I re-introduced the Senior Citizens Tax Elimination Act (H.R. 2552). This bill eliminates an unfair double-tax on seniors’ Social Security retirement benefits.
Although seniors have already paid tax on their Social Security contributions via the payroll tax, they are still required to list these benefits as taxable income on their tax returns. This is simply a way for Congress to obtain more revenue for the federal government at the expense of seniors who have already paid into Social Security. My bill would exempt Social Security retirement benefits from taxation and boost the retirement income of millions of older Americans.