Congressmen Mike Turner and Tim Ryan Continue the Fight for Delphi Salaried Retirees
Lawmakers Introduce Legislation to Reinstate the Health Coverage Tax Credit
by Mike Turner on February 25, 2015 at 12:06 PM
Last week, I introduced legislation that would extend the Health Coverage Tax Credit (HCTC) for the Delphi Salaried Retirees.
With the expiration of the HCTC on January 1, 2014, tens of thousands of families across the country have struggled to pay their health bills. The legislation would restore the HCTC for five years and provide these retirees with the certainty and stability they need.
More than five years ago, 20,000 Delphi Salaried Retirees unjustly lost up to seventy percent of their pensions during the GM bankruptcy. For the last year, these retirees have been forced to use up to fifty percent of their remaining pensions to pay for their health care. This legislation would provide much-needed relief for thousands of families who have already lost so much.
"The Health Coverage Tax Credit will give relief to thousands of Delphi salaried retirees and dislocated and retired United Steelworkers (USW) who have had their pensions and healthcare significantly reduced through no fault of their own,” said Rep. Ryan. "It is critical that we pass this legislation and ensure that they receive the affordable coverage they deserve, we cannot leave these hardworking Americans behind.”