A group of retirees is calling on lawmakers to provide a plan to help them pay for their retirement.
The American Retirees Pension Plan (ARPP), which was created to help Americans save for retirement, is seeking contributions from a small group of high-income retirees who have a guaranteed annual income of at least $100,000.
If the ARPP’s proposal gets enough votes, the bill would go to the full House.
But a number of lawmakers are opposing the plan, citing concerns over its potential impact on retirement security.
Here are the lawmakers who say it should be eliminated: Rep. Ted Poe (R-TX), who represents a district that includes many of the poorest communities in the country.
Poe, who chairs the House Ways and Means Committee, said the bill was not necessary for retirees to protect their retirement plans.
“It is not necessary to make a contribution to protect an employee’s plan.
That is not how this works,” Poe said.
“What this does is to protect the 401(k)s of all taxpayers.
If a taxpayer is not able to save enough to meet their retirement needs, they may have to take a smaller retirement plan that is far less generous than the plan they have.”
Rep. Joe Barton (R, TX), who serves as chairman of the House Republican Conference.
Barton is also a member of the Senate Republican Conference, where he has been pushing the ARMP proposal for years.
“We need to do it in a way that allows retirees to get more of what they want,” Barton said.
Sen. Richard Shelby (R., AL), a senior member of Sen. Marco Rubio (R.-FL), who is leading a Senate probe into the ARPPA.
Shelby said the retirement benefits were a necessary safety net to protect retirement security, but he said it would be wrong to “overdo” it.
“The ARPP has always been about giving people a plan that will cover them in retirement,” Shelby said.
“[But] it is not the same thing as creating a plan for every person in America.
And the way to do that is to put in place a mechanism that provides a plan with the level of protection that people need.
The ARPP was created in the aftermath of the Great Recession, and it’s been a good, necessary tool for people to save and contribute to their retirement, but it is designed for folks who are not currently making a contribution.
That’s not how retirement should be.”
Rep and Rep. Mark Meadows (R–NC), a member in the House Freedom Caucus, who represents districts that have struggled financially in recent years.
Meadows also has said the ARSPP should be phased out over the next several years.
Sen Richard Shelby, the chairman of Sen Marco Rubio’s committee, who is lead author of the bill.
Shelby has been an outspoken critic of the ARPAO, and he has repeatedly voiced opposition to the retirement provision in the Senate.
Rep. Scott Garrett (R –NJ), who sits on the House GOP Conference.
Garrett has repeatedly called on Republicans to oppose the retirement bill, calling it “unnecessary.”
“The retirement system has been in a recession for more than five years.
The current tax system is designed to generate revenues for the government and then use them to pay down debt, and we can’t just spend that money to pay back debt, which is a problem in a lot of other countries,” Garrett said in an interview with CNN.
“I would not be happy with it being in place for this many people.”
Rep Bob Gibbs (R -MD), who chairs a House subcommittee on fiscal policy.
Gibbs has said he is concerned about the proposal because it is too generous, and because it could make it more difficult for seniors to save for a rainy day.
Rep Mark Meadows, a member on the Senate GOP Conference, who serves on the fiscal policy committee.
“Retirement security is a fundamental American value.
It’s important for a lot other things in our society, too.
We don’t have enough people that are going to be able to retire and get to where they want to go,” Meadows said.
Rep Steve King (R , IA), a former chairman of President Donald Trump’s transition team.
King has long argued that the ARPFPA should be repealed, but has been careful to not directly criticize the plan.
“Let me be very clear, the retirement system is a failure.
We should not be making retirement contributions at all, and the tax code has not kept up with inflation,” King said in a statement.
“My proposal is simple: The ARPPS is a very generous, modest plan that offers benefits to all Americans.
My proposal is not a tax cut, but rather a way to raise money for the military.
That said, it does not raise taxes on anyone, and that is why it is such a good idea.”
Sen Ted Poe, a senior House member, who sits as a member for a district where more than a third of the