News

  • Sign A Petition Feed

    In addition to delivering petitions to Congressional offices, TSCL's Board of Trustees and legislative team – which is led by former Congressman David Funderburk and Mrs. Betty Funderburk – have met personally with more than fifty lawmakers and their top aides. Some highlights include meeting with the following Members of Congress: Rep. Eliot Engel (NY-16), sponsor of the Guaranteed 3% COLA Act (H.R. 1585); Rep. Peter DeFazio (OR-4), sponsor of the CPI-E Act (H.R. 1030); Rep. Jan Schakowsky (IL-9), Co-Chair of the Seniors Task Force; Rep. Mike McIntyre (NC-7), sponsor of the Notch Fairness Act (H.R. 155); and Sen. Marco Rubio (FL), member of the Senate's "Gang of Eight" and sponsor of comprehensive immigration reform legislation. .COLA cuts: Use the "chained" Consumer Price Index (CPI) to calculate annual cost-of-living adjustments (COLAs). Supporters say that the difference would be small, reducing the COLA about .3 tenths of a percentage point per year. But TSCL estimates this "small" change would cost retirees, with average benefits of ,170 in 2011, some ,223 over a 25-year retirement. .Sources: "Verifying Eligibility for Certain New Tax Benefits Was A Challenge for the 2010 Filing Season," Treasury Inspector General, September 30, 2010, Ref. No. 2010-41-128 … Continued

  • Social Security Medicare Questions July 2015

    Now I say neglect, because it's been 38 years since Congress has done anything to strengthen Social Security and 50 year since we have improved its benefits. .Allow states, wholesalers, and pharmacies to import FDA-approved drugs from foreign countries and sell them in the U.S. Trump has long complained that countries where the government sets the price of drugs are taking advantage of American consumers. The order includes a special provision to allow wholesalers and pharmacies to re-import insulin and biological drugs. .With So Much At Stake It's Time to Challenge Elected Lawmakers! … Continued

At that point Congress would either must cut benefits in a major way or raise taxes to pay for continued benefits, something that Congress has refused to do for years. .Social Security and Medicare benefits are paid for through payroll tax deductions from workers and their employers. Even after starting to receive benefits, close to 56 percent of retirees continue to pay into the programs through income taxes on a portion of their Social Security benefits. Medicare beneficiaries also pay premiums for Part B doctors and hospital outpatient insurance. Both programs are relied upon by tens of millions of older Americans for income and healthcare benefits. "According to the most recent surveys by The Senior Citizens League the public wants their lawmakers to protect these programs, but not by cutting benefits." Johnson notes. .Because of the high air exchange rate, it's unlikely you'll catch the coronavirus from someone several rows away. However, you could still catch the virus from someone close by. .Although no other generation has yet been affected by a similar Notch, that could change in the future. Congressional inaction on Social Security's long-term financing problems could give birth to a whole new generation of Notch Babies. During recent hearings on the need for making Social Security more sustainable as Baby Boomers near retirement, David Walker, the Comptroller General of the United States, confirmed this saying "Doing nothing means that we are going to head to a precipitous decline in benefits. Remember the Notch Baby problem?" he asked. "This would be a Notch Baby problem magnified multiple times and it should not be allowed to happen." (10) .The America's Health Insurance Plans (AHIP) trade group commission released a report claiming that insurance premiums would increase by 1.9 to 2.3 percent by 201The report asserts that the new fee will be passed on to consumers. Citing the annual fee on insurers mandate under the Affordable Care Act, an AHIP spokesperson predicted the increase in costs would act "just like any other sales tax." The White House disputed the claim, saying that the report was "fundamentally flawed" and ignored provisions of the law that would decrease costs. .Increasing the payroll tax cap. Under current law, the 12.4 percent payroll tax is applied only to the first 7,200 in earned annual income. Individuals earning more than that pay nothing in Social Security taxes on the rest of their earnings. Several proposals now before Congress would modify this policy so that higher income workers contribute more fairly to the program. .Abrupt legislative cuts erode the trust that Congress needs for making far bigger changes in the future. TSCL urges you to engage candidates in conversations about Social Security and Medicare. Let's ask them what their plans are for fixing Social Security and Medicare and what changes they propose that would affect your benefits. .Last week the Centers for Disease Control and Prevention relaxed its warning for cruise travel for the first time since several outbreaks on ships brought the industry to a halt last year. .Now, another warning has been issued that some sanitizers made in both the U.S. and China contain benzene, a chemical known to cause blood cancers such as leukemias.