House GOP Votes to Protect Millionaires, Increase Costs for Postal, Federal Workers | PostalReporter.com
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House GOP Votes to Protect Millionaires, Increase Costs for Postal, Federal Workers

House Republicans won’t allow taxes on millionaires to go up, but they do agree on one thing: Postal and federal employees should pay more.

“These politicians have demonstrated time and again who they serve — the richest one percent. They believe middle-class government employees should sacrifice five percent of our earnings so that millionaires and billionaires don’t have to pay a nickel more.” — APWU President    Cliff Guffey. “

A bill passed by House Republicans on Dec. 20 would require postal and federal employees to pay five percent more toward our retirement plans beginning in 2013 over the next five years. If enacted, employees hired in 2013 would begin paying the extra five percent immediately. The Spending Reduction Act passed the House by a vote of 215-209.

“These politicians have demonstrated time and again who they serve — the richest one percent,” said APWU President Cliff Guffey. “They believe middle-class government employees should sacrifice five percent of our earnings so that millionaires and billionaires don’t have to pay a nickel more,” he said.

Fortunately, the bill has little chance of passing the Democratic-controlled Senate. The White House also opposes the legislation.

The bill also would end the Social Security supplement at retirement for federal employees hired beginning in 2013. The provision in current law “supplements the benefits of federal workers who are not subject to mandatory retirement, are covered under FERS and who retire before age 62 or the age at which their Social Security benefits can begin. It would apply to employees hired starting in 2013,” according to FedSmith.com