February 13, 2014
Senator Dan Coats (R-Ind.) today issued the following statement on a measure addressing the military retiree pensions cost-of-living adjustment:
“I opposed the budget agreement that originally created these cuts because it made our retired military personnel and their families pay for Washington’s inability to control spending. I supported an effort to restore these benefits, which was fully offset with alternative spending cuts, but Democrats refused to allow a vote on this proposal. Repealing these cuts today with only a promise to pay for it 10 years down the road is fiscally irresponsible and again delays making the hard choices needed to get our financial house in order.”
In December 2013, Senator Coats opposed the legislation that originally created the cuts to military retirement pensions.
Coats supported an amendment, introduced by Senator Kelly Ayotte (R-N.H.), that would have paid for a repeal of these cuts by requiring tax filers to submit social security numbers for their children in order to qualify for the additional child tax credit. An estimate from the Congressional Budget Office found that this fix would save approximately $20 billion over 10 years.