Senate Concurrent Resolution 10 Summary

• Urges the Treasury Secretary and Internal Revenue Service to withdraw new federal income tax withholding schedules that were applied to pension payments under the American Recovery and Reinvestment Act of 2009.

• Identifies that the Making Work Pay Tax Credit reduced tax withholding based on earned income, but the new schedules incorrectly apply this reduction to pensioners with no earned income.

• States that the IRS acknowledges pensioners without earned income will have insufficient taxes withheld from pensions to cover their annual tax liabilities without adjusting W-4P forms.

• Requests Congress enact legislation to withdraw the withholding schedules as they apply to pensioners if the federal agencies do not comply voluntarily.

• Directs the Senate Clerk to send certified copies to the Treasury Department, IRS Commissioner, Ohio's congressional delegation, and news media within five days of adoption.