SBSC commends the 422-0 vote in the U.S. House of Representatives on March 1st to repeal the Depression-era Social Security Earnings Test. Currently, this limit means that a senior citizen loses $1 on Social Security benefits for every $3 earned over $17,000.
This is a formidable tax on working that makes no economic sense whatsoever. It made no sense in the 1930s when it was imposed, and it certainly makes no sense in the 21st century.
It is SBSC's understanding that both the Senate and President Clinton support this measure as well. We urge their quick action.