Bishop Backs Measure to Restore Full Cost of Living Adjustment Increase for Retired Veterans
WASHINGTON—Today, Congressman Rob Bishop (UT-01) announced his support of H.R. 3790, which would provide retired veterans with the full cost of living adjustment (COLA) that was modified by 1% in the budget recently passed by Congress. Congressman Bishop is an original co-sponsor of the bill.
"The budget importantly stopped looming defense cuts, will help us avoid another government shutdown, and reduced the deficit by nearly $23 billion. In an era where the House and Senate typically disagree as a result of differing party principles, it was important that we provide a budget outline on which the operations of the federal government will be run. The current political makeup of the House, Senate, and White House means that no one entity walked away with everything it wants. If I had sole authority to write the budget, there are many things I would have done differently. In particular, I wouldn't have included the President's recommended 1% reduction to retired veterans' COLAs. Far too many Americans are having to do more with less as we all work to recover from more than five years of a stagnant economy, however, we cannot balance the financial issues of this country on the backs of our nation's veterans. While the budget is merely a guidance document upon which the appropriations process is based, the COLA provision was one of the few items that did actually go into effect. To my dismay, some in Congress and the White House actually continue to champion this provision. However, I am proud to join in support of H.R. 3790, which will reverse this misguided policy and restore the full COLA increase to our nation's retired veterans."