Bill Posey Calls for Lower Taxes on Social Security Benefits
Submitted by Kevin Derby on March 21, 2011 - 11:18am
Florida Republican U.S. Rep. Bill Posey is once again pushing for legislation to cut taxes on Social Security benefits and ending the mandatory IRA withdrawals required for 70-year-olds. Posey called for ending Social Security payroll taxes on recipients.
Most seniors have spent their entire lives working and paying into a system that guaranteed certain benefits at retirement age and this bill restores those promises, said Posey. We also make sure that should the federal government hit the debt ceiling in a few months, seniors continue to receive their Social Security checks.
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