Committed to protecting seniors' earned benefits and strengthening Social Security, today Congressman Charlie Crist (D-St. Petersburg) introduced his first bill in Congress, providing tax relief to nearly 80 percent of seniors while increasing the solvency of the Social Security Trust Fund.
The Save Social Security Act eliminates taxes on Social Security benefits for those making less than $100,000 a year and 'scraps the cap' on taxable income paid into Social Security for anyone earning more than $300,000, a fairer system that will extend the life of the program.
"I came to Congress to fight for the over 170,000 Pinellas seniors I am honored to represent. I'm proud to deliver a bill honoring that promise, protecting the Social Security benefits they depend on and eliminating the double taxation impacting 80 percent of American seniors," said Crist. "This legislation is fully paid for several times over. By asking the top two percent to pay their fair share into Social Security -- the same that is asked of middle class families -- we put the program on a solid fiscal foundation for future generations. Providing a tax cut to middle class seniors while increasing the sustainability of Social Security is something everyone in Congress can -- and should -- agree on."