Grassley says pension protection is top priority

Congress is back in session today after a holiday break. Iowa Senator Chuck Grassley says his top priority is pushing for passage of legislation he says would better protect workers’ pensions in the wake of scandals like the collapse of Enron.Grassley, a republican, also wants the full Senate to consider his legislation that’d stop U-S corporations from relocating, in name only, to places like Bermuda to avoid paying taxes.Grassley says it’s not illegal but it is immoral and unfair to companies that don’t do it.Grassley says he’s also going to urge Senators on the Finance Committee to pass his legislation that would increase Medicare payments to Iowa. He says his measure would make adjustments to complicated formulas that now favor more populous states.