Bill Lifting Retiree Earnings Cap Gains
A bill to allow many working senior citizens to earn as much as they want without losing Social Security benefits won speedy approval by a House Ways and Means subcommittee. The measure would lift the Social Security earnings limit for people who are at least 65 years old. House Majority Leader Dick Armey (R-Texas) has said the bill, which President Bill Clinton has embraced, should reach the House floor in early March. The limit affected about 800,000 of those 65 to 69 years old last year.
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