Congressman Tim Ryan Condemns House Republicans’ Decision to Not Extend HCTC for Delphi Retirees
Washington DC – Congressman Tim Ryan made the following statement in response to reports that House Republicans’ year-end tax proposal will not extend the Health Coverage Tax Credit (HCTC), which helped struggling American families pay their health bills, including many of the more than 20,000 Delphi salaried retirees whose pensions were terminated during the auto industry rescue and subsequently turned over to the Pension Benefit Guarantee Corporation (PBGC).
“I cannot understand why House Republicans--with the support of Republican House Speaker John Boehner--have chosen to throw 20,000 Delphi salaried retirees along with dislocated and retired United Steelworkers (USW) under the bus while at the same time extending tax breaks for large corporations,” said Congressman Ryan. “These men and women represent the working middle class in my district and they have already lost so much. I urge the House Republicans to reconsider extending the HCTC in their tax bill, since the HCTC is critical for families in Ohio and across our nation who lost their jobs and portions of their pensions through no fault of their own.”
Last month, Congressman Ryan sent a bipartisan letter to the leadership of House Ways and Means Committee and House Congressional Leadership urging to renew include the HCTC extension in the tax extenders bill just as the Senate has included it in their tax extenders bill.
In March of this year, Congressman Ryan joined a delegation of 28 Members and Senators from across the country in urging both House and Senate leadership pushing for pushing for the extension of the Health Coverage Tax Credit (HCTC).
In July of 2013, Congressman Ryan introduced legislation that would have provided the Delphi Salaried Retirees and other eligible individuals the choice of continuing within the Health Coverage Tax Credit (HCTC) program past the program’s December 31, 2013 termination date, or upon leaving the program.
In February of 2013, Congressman Ryan co-chairs the Auto Industry Pension Task Force to serve as an informal group of Members dedicated to issues related to the termination of Delphi Salaried Retiree pensions and educating other Members on the subject.