Today U.S. Congressman Sam Johnson (3rd Dist.-Texas) delivered the following statement on the floor of the U.S. House of Representatives. Johnson pointed to the 2004 Social Security
Trustees Report that states the program’s currently scheduled benefits are not sustainable over the long run. An ardent advocate of Social Security reform, Johnson serves on the Social Security Subcommittee on the Ways and Means Committee.
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Today U.S. Congressman Sam Johnson (3rd Dist.-Texas) delivered the following statement at a hearing titled, “Reforming and Strengthening Defined Benefit Plans: Examining the Health of the Multiemployer Pension System.” Johnson chairs the Subcommittee on Employer-Employee Relations on the Committee on Education and the Workforce. “GOOD MORNING, I WANT TO WELCOME YOU HERE TODAY TO ANOTHER HEARING IN OUR SERIES ON THE DEFINED BENEFIT PENSION SYSTEM. ROUGHLY ONE YEAR AGO, CHAIRMAN BOEHNER AND I REQU...
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COMMITTEE ON EDUCATION AND THE WORKFORCE U.S. HOUSE OF REPRESENTATIVES FOR IMMEDIATE RELEASE CONTACT: Kevin Smith or Dave Schnittger (202) 225-4527 Conferees Set for Pension Reform Bill; Conference Negotiations Ready to Begin Ed & Workforce Republicans Boehner, Johnson, McKeon, and Tiberi Named to Conference WASHINGTON, D.C. -- Today, House Speaker Dennis Hastert (R-IL) appointed nine conferees to the House-Senate conference committee on pension reform. The conference will be responsible for res...
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By U.S. Congressman Sam Johnson (3rd Dist.-Texas) February 2003 It’s that time of year again. Slowly but surely all financial information is arriving at home so people can start filing their 2003 taxes. One of the most annoying forms is the 1099. This form makes clear how much money you owe in taxes just because you saved the money instead of spent it. Presently, the average American family spends $1.22 for every dollar earned. That’s bad news for a credit-obsessed society with a frighteningly l...
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At a news conference on Capitol Hill, U.S. Congressman Sam Johnson (3rd Dist.-Texas) delivered the following statement in response to President George W. Bush’s call for Personal Retirement Accounts as part of Social Security reform in the State of the Union Address. A long-time advocate of Social Security reform, Johnson authored the bill that repealed the so-called Social Security earnings limit for seniors. “I’M SAM JOHNSON OF TEXAS AND I SUPPORT THE PRESIDENT ON SOCIAL SECURITY. “SOCIAL SECU...
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Federal agency that protects corporate pension plans reports it is $11 billion in the red, and some in Congress are calling for changes in the system soon.
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