House Votes To Stop Cuts To Delphi Retirees 12-16-2010 - WNEM TV 5

House Votes To Stop Cuts To Delphi Retirees 12-16-2010

After Rep. Dale E. Kildee (D-Mich.) asked for action, the House of Representatives passed legislation to extend the Health Coverage Tax Credit to protect thousands of Delphi retirees from seeing drastic increases to their health costs.
Kildee sent a letter to House Speaker Nancy Pelosi and House Minority Leader John Boehner and introduced House Resolution 1628 to push for an extension of the credit.
H.R. 6517, the Omnibus Trade Act, passed the House Wednesday and will extend until June 30, 2012 the Health Coverage Tax Credit, which pays 80 percent of health premiums for Delphi retirees under the Pension Benefit Guaranty Corporation.
“I am very pleased that House leadership has heeded my call to extend the Health Coverage Tax Credit to protect thousands of Delphi retirees from seeing their health costs skyrocket," said Kildee on Thursday. "Too many Delphi workers and retirees, including more than 11,000 in my district alone, are struggling due to Delphi’s bankruptcy. Continuing this tax credit will be very helpful to these workers and retirees who are struggling through this difficult economic climate through no fault of their own."
The legislation must now be passed by the Senate before it can be signed into law.
"I urge my Senate colleagues to follow suit and pass this legislation so that it may be signed into law,” said Kildee.
At Kildee’s urging, the House Education and Labor Committee held a hearing into the Delphi bankruptcy and its effect on workers and retirees.
The congressman has also sent several letters to the Obama administration urging them to help make Delphi salaried retirees’ pensions whole.
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