House Democrats Want Taxpayers to Save Union Pension Funds From Collapse

House Democrats Want Taxpayers to Save Union Pension Funds From Collapse
Rep. Richard Neal (D-Mass.) in the Capitol in Washington on June 13, 2018. Neal is the sponsor of The Rehabilitation for Multiemployer Pensions Act of 2019. Toya Sarno Jordan/Getty Images
Mark Tapscott
Updated:

WASHINGTON—Union pension funds unable to pay promised benefits to retirees would be bailed out by taxpayers under a Democratic plan that a Heritage Foundation retirement expert claims will only make the problem worse.

The Rehabilitation for Multiemployer Pensions Act of 2019 was approved by the House of Representatives in a 264–169 vote on July 24, with 29 Republicans joining 235 Democrats in voting for the measure, which was first introduced by Rep. Richard Neal (D-Mass.).
Mark Tapscott
Mark Tapscott
Senior Congressional Correspondent
Mark Tapscott is an award-winning senior Congressional correspondent for The Epoch Times. He covers Congress, national politics, and policy. Mr. Tapscott previously worked for Washington Times, Washington Examiner, Montgomery Journal, and Daily Caller News Foundation.
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