Advocacy / AMAC Action On Capitol Hill / Politics

Repeals the Reductions in Military Retirement Benefits Enacted in the Bipartisan Budget Act of 2013 H.R. 3788

With our last letter of support for 2013, AMAC is paying tribute to American military veterans.  Representative Michael Fitzpatrick (R-PA) recently introduced H.R. 3788, a bill that seeks to repeal the reductions in military retirement benefits enacted in the Bipartisan Budget Act of 2013.  To offset the costs of repealing the adjustments made to military benefits, H.R. 3788 closes existing loopholes in the tax code that enable rampant tax credit fraud.  Specifically, this legislation requires taxpayers to possess a valid Social Security Number in order to obtain the refundable portion of the child tax credit.  AMAC is proud to support H.R. 3788 because it promises to restore a semblance of financial security to the brave men and women who have dutifully served our nation.  This piece of legislation not only honors their many sacrifices, but it signifies a greater commitment to responsible budgeting by stopping the fraud and abuse that threaten the security of taxpayer money.  AMAC looks forward to supporting our veterans even more in 2014!

Print AMAC Letter of Support

 

December 31st, 2013

The Honorable Michael Fitzpatrick
8th District, Pennsylvania
U.S. House of Representatives
2400 Rayburn House Office Building
Washington, DC 20515

Dear Representative Fitzpatrick,

On behalf of the 1.1 million members of AMAC, the Association of Mature American Citizens, I am writing to offer our strong, continued support to American military veterans through your legislation, H.R. 3788. This important bill rightly repeals the reductions in military retirement benefits enacted in the Bipartisan Budget Act of 2013 and promises to restore a semblance of financial security to the brave men and women who have dutifully served our nation.

As an ardent advocate for our military and veterans, AMAC firmly believes that H.R. 3788 is a necessary and responsible step in ensuring that the government delivers the benefits that were promised to veterans. Not only does H.R. 3788 remove the harmful adjustments made to military retirement benefits, it offsets the cost by securing existing loopholes within the tax code that enable rampant tax credit fraud. In 2012, the nonpartisan Joint Tax Commission concluded that $7 billion could be saved over 10 years by closing loopholes that enable individuals – some of whom are not legally residing in the country – to collect tax credits. H.R. 3788 requires taxpayers to possess a valid Social Security Number in order to obtain the refundable portion of the child tax credit. Preventing fraudulent payments of this kind stands to produce more savings than the amount projected to be saved by cutting military benefits in the Bipartisan Budget Act of 2013, and it relieves veterans of an unwarranted burden imposed at the expense of their retirements.

Like many Americans, AMAC remains very concerned with how our veterans are cared for and treated. AMAC believes this legislation appropriately honors their myriad sacrifices and pledges to stop the fraud and abuse that threaten the security of taxpayer money. Thanks to your concern and attention for this significant issue and your commitment to responsible budgeting, AMAC is pleased to support H.R. 3788 in order to repeal this harmful provision from the Bipartisan Budget Act of 2013.

Sincerely,
Dan Weber
President and Founder of AMAC

Print AMAC Letter of Support

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