Restored Social Security benefits could get tax break under new bill

A newly introduced bill would prevent some public sector retirees from being hit with a tax bill after they were made eligible for Social Security benefits last year.

The bipartisan bill, known as the No Tax on Restored Benefits Act, was introduced by Rep. Lance Gooden, R-Texas, and would create a gross income tax exclusion for the retroactive, lump sum payments of Social Security benefits paid to certain public sector retirees on pensions who previously had their benefits reduced or eliminated...