FAIRFIELD — Rep. John Garamendi, a member of the House Armed Services Committee, is a co-sponsor of the Military Retirement Restoration Act to repeal cuts to cost-of-living adjustments for retired military – cuts included in the Bipartisan Budget Act.
Garamendi, D-Walnut Grove, said closing tax loopholes for offshore corporations will pay for the legislation.
“The bipartisan budget compromise was needed to support our economic recovery and to prevent harmful unfocused cuts to vital defense functions,” Garamendi said in a news release. “However, the bill’s provision that cuts military pensions places an unjust burden on military service members who have already made enormous sacrifices for our country.”
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