Most Military Pensions Would Still be Cut Under Omnibus Bill

Wednesday, 15 Jan 2014 07:14 AM

By Elliot Jager

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Veterans and their friends on Capitol Hill say that the $1.1 trillion omnibus appropriations bill leaves in place most of the $6 billion in military pension cuts.

While disabled veterans, and the spouses of deceased veterans, will have their cuts restored and be exempted, 82 percent of military retirees would lose thousands in pension payments, the Washington Free Beacon reports.

The cuts would impact cost-of-living adjustments for retirees under the age of 62 starting in December 2015.

Some veterans, such as Eric Phillip, have taken to Twitter to voice their anger over the cuts. Phillip tweeted against a Washington Post editorial that characterized the cuts as a budget tweak: "Neither are cuts to military pensions 'minuscule' or 'teensy-weensy,'" he wrote.

Republican lawmakers want to see the $6 billion returned to the military pension budget and offset by an equal amount in savings that could be achieved by closing a tax code loophole that permits illegal aliens to claim child tax credits.

"I'm glad the omnibus bill restores benefits for disabled veterans and spouses of those who have died in harm's way," Oklahoma Sen. Jim Inhofe told the Washington Free Beacon. "But we should be restoring our full promise to our service members, and I will be working to ensure this happens."

The number of military retirees and survivor benefit recipients is estimated at 2.3 million, and their annual remuneration runs approximately $52 billion.

Both the House and Senate are expected to take up the omnibus bill on Wednesday.

Related Stories:

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Scotland Rejects Independence, Votes to Stay in United Kingdom

Friday, 19 Sep 2014 01:24 AM

Scotland has chosen to stay in the United Kingdom, spurning independence in a historic referendum that had worried allie . . .

Early Results Show Scots Vote Against Independence

Thursday, 18 Sep 2014 22:37 PM

Early returns Friday showed Scotland voting against declaring independence from the United Kingdom. . . .

Senate Dems Block Cruz Bill to Strip Citizenship From Terrorists

Thursday, 18 Sep 2014 22:26 PM

The Senate has refused to consider Sen. Ted Cruz's bill that would strip Americans of their citizenship for joining the  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved