Congressman Tim Walz has co-authored a bill that would repeal the unwarranted cost-of-living adjustment cuts for military retiree's under the age of 62 that were included in the Bipartisan Budget Act.
This legislation will be fully paid for by closing tax loopholes for corporations that operate and are run from the U.S. but use off-shore tax havens to avoid paying their fair share, footing middle class families and veterans with the bill.
Companion legislation has been introduced in the Senate and is co-sponsored by Senators Amy Klobuchar and Al Franken. Walz also plans on introducing a bill in 2014 that would find savings by rooting out waste and inefficiencies at the Department of
Defense by requiring an audit of the Pentagon.
Walz said the budget that passed was far from perfect. He opposed the unwarranted cuts to COLA for military retiree's under age 62 that were included in the bill and he will continue to push leadership to uphold the promises made to the nation's servicemembers.