Warner, Kaine propose to end COLA cut for veterans

Virginia's U.S. Senators, Mark Warner and Tim Kaine, propose amending the emergency unemployment legislation to overturn a $6 billion cut to military pensions that was part of the bipartisan budget compromise.

The amendment, like a separate bill the two introduced last month, repeals a cut on cost-of-living adjustments for veterans.It would make up for the additional expense by cracking down on companies that are controlled or managed in the United States but incorporated overseas to avoid paying U.S. taxes.

“Our service men and women deserve much better than seeing their pensions arbitrarily cut by lawmakers in Washington,” Warner said. “No American soldier should have to fight for their rightfully-earned benefits."

Kaine said that "military families in Virginia and across the country deserve peace of mind that these unfair COLA cuts will be undone well before they are set to take effect in December 2015."

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