The Safeguarding America's Seniors and Veterans Act
At an AARP Town Hall Meeting in Toms River, NJ, Congressman John Adler announced today his first piece of legislation as a member of Congress: The Safeguarding America's Seniors and Veterans Act. The bill provides a one-time, $500 tax rebate to retired or unemployed seniors and veterans who would not receive a tax rebate under the stimulus package currently under consideration in Congress. As written, the American Recovery and Reinvestment Act fails to address the needs of our seniors and veterans. Rep. Adler's bill corrects that problem.
"The first step toward fixing our economy is helping our seniors and veterans and the real American families who make our country strong," said Adler. "We still don't know where that bailout money is going, but with my bill we can be certain that $500 will go straight into the pockets of the seniors and vets who built this country and deserve our help. These are the first people we should be looking out for in tough economic times, not the last."
The current version of the stimulus package includes a $500 "Making Work Pay" tax credit for every American worker. Seniors and veterans who do not work are ineligible for this credit. Adler's "Safeguarding America's Seniors and Veterans Act" provides a one-time, $500 increase in Social Security, Railroad Retirement or Veterans' Affairs payments to seniors and veterans who are not eligible to receive the "Making Work Pay" tax credit.