News
-
2016 Congressional Corner Its Bigger Than Martin Shkreli
Forty-five percent (45%) say their retirement savings dropped significantly in value and that they have cut back on spending. Another 13 percent (13%) say their retirement savings have dropped, but they are unable to cut back any further. .Republican leaders have also begun discussing plans to reform Medicare and Medicaid next year in an effort to reduce the deficit that the .5 trillion tax bill will create. Speaker of the House Paul Ryan (WI-1) said in a radio interview on Wednesday: "We're going to have to get back next year at entitlement reform, which is how you tackle the debt and the deficit … This has been my big thing for many, many years. I think [Medicare is] the biggest entitlement we've got to reform." TSCL opposes reforms to Medicare, Medicaid, and other earned benefit programs that would result in higher out-of-pocket costs for older Americans. We will continue to advocate against benefit cuts in the months ahead. .On the web: Here's the link to the WTHR TV "Tax Loophole" video or visit www.wthr.com. … Continued
-
National Seniors Group Announces Three Social Security Proposals It Supports Three It Opposes
Have you heard anything about congress fixing a Social Security cut for those of us born in 1960? — K.S. ."The Senior Citizens League Wants to Know: "How Much Will You Spend on Medicare?"" .The Notch Could Happen Again … Continued
The order is expected to apply to government programs and agencies that directly purchase drugs and medical supplies, according to lobbyists and industry watchers. They may include the Department of Veterans Affairs, the Strategic National Stockpile, and the Federal Bureau of Prisons. .Learn how the "anchoring effect" may impact choosing the age to claim Social Security benefits here: "What's Secretly Sabotaging Your Finances? — Your Brain" .To stay updated on TSCL's legislative efforts and their progress in Congress, visit the Legislative News section of our website. You can also find us on Facebook or Twitter for more frequent legislative updates. .Although immigration law forbids work without authorization, immigrants do find jobs and employers report their earnings to SSA. Currently there are no official published data on the amount of money paid into the Social Security system by aliens whether legal or illegal.(5) Social Security's Chief Actuary, Stephen C. Goss, however, has been quoted in the news media as saying that about three quarters of "other–than–legal" immigrants pay payroll taxes.(6) .We encourage you to tell incumbent Members of Congress who are running for re-election what you expect from the lawmakers who represent you. Outline the changes you support for Social Security and ask the candidates if they are willing to end the tax breaks for the wealthy so that all working Americans can enjoy a more secure retirement. .TSCL's all-volunteer Board of Trustees and legislative team – including former Congressman David Funderburk and Mrs. Betty Funderburk – look forward to working with both new and veteran lawmakers on the issues that are important to senior citizens, like those mentioned above. We will work tirelessly in the 113th Congress to ensure that seniors receive the retirement security they have earned and deserve. .Doing this can be worth hundreds, if not thousands, of dollars in savings in a single year, and it's surprisingly simple. Free one-on-one counseling is available from local Medicare benefits counselors like me in every area of the country, through State Health Insurance Programs (SHIP). Many of these programs operate through local area agencies on aging, senior centers, and community health centers. .This week, a federal court rejected the Obama administration's immigration appeal, and The Senior Citizens League (TSCL) saw two key bills gain new cosponsors. .There are two points to remember about the first rule: Medicare has always been barred from negotiating prices directly with drug companies; and other countries regulate their health care spending more heavily, including for prescription drugs.
