Washington, DC – Today, Rep. Ron DeSantis (FL-06) reintroduced the Let Seniors Work Act, which seeks to eliminate the 12.4% payroll tax for seniors who have reached 65 in addition to repealing the Retirement Earnings Test. This bill is the House companion to legislation introduced by Sen. Marco Rubio (FL).
“Why punish seniors who choose to continue to contribute to our economy past the retirement age?”? DeSantis said. “The 12.4% tax places an unnecessary burden on seniors and discourages participation in the workforce. By providing seniors with greater freedom in the workforce, Senator Rubio and I believe this will help strengthen the economy.”?
“Older Americans who have spent their whole lives paying into Social Security should have the choice of leaving the workforce when they reach the retirement age, or continuing to work well into their golden years without having to pay Social Security payroll taxes or get hit by the Retirement Earnings Test,”? said Rubio. “Eliminating these two anti-senior and anti-growth measures make a lot of sense in the 21st century when people are living longer and more productive lives than ever before.”?