Eastern Wisconsin’s representative in Congress has introduced a bill that aims to remove government red tape that is acting as a disincentive for seniors to work.
Congressman Glen Grothman’s Senior Independence Act has been endorsed by the Association of Mature American Citizens and the National Taxpayers Union.
For individuals between the ages of 62 and the full retirement age of 67, $1 is deducted from Social Security benefit payments for every $2 earned above the annual limit.
For 2022, this limit is $19,560 annually. Under the Senior Independence Act of 2022, this limit would be raised to $30,000 annually.
Grothman said in a news release, “The federal government should not penalize anyone who wants to work. Instead, we need to create an environment that allows people to remain in the workforce without fear of losing the benefits that they have earned.”
