Legislative Update Social Security Trust Funds Feed
72% support applying the Social Security payroll tax to all earnings (instead of capping the amount of wages to be taxed at 2,800), a move that would reduce Social Security's long - term deficit by as much as 73%. .Be suspicious of products that claim to treat a wide range of diseases. .I'm 63, married, and recently earned about ,000 a year until I got laid off in March. My wife is younger but only receives a small income from providing part-time day care services. We don't have any savings. I'm not receiving any Social Security now. Can I receive Social Security benefits and get unemployment benefits? … Continued
The Medicare Tax That Never Made It To The Medicare Trust Fund 2
The measure has bipartisan backing in the Senate, as well as support from some moderate House Democrats. However, it is facing opposition from House leaders who say the legislation is a roundabout way to cut Social Security benefits. .The real danger of traveling isn't the flight itself. However, going through security and waiting at the gate for your plane to dock are both likely to put you in close contact with people and increase your chances of contracting the virus. In addition, boarding — when the plane's ventilation system is not running and people are unable to stay distanced from one another — is one of the riskiest parts of the travel process. "Minimizing this time period is important to reduce exposure," wrote Corsi. "Get to your seat with your mask on and sit down as quickly as possible." .Heating and cooling assistance, the Low Income Home Energy Assistance Program (LIHEAP). … Continued
Beyond funding the government and raising the debt ceiling, TSCL was pleased that the Bipartisan Budget Act included the following three improvements to the Medicare program: .TSCL feels the closing of the World War II Memorial is a prime example of backwards Administration priorities. Access to that memorial should never be barred in the first place. Its construction was funded heavily by donations from the public rather than solely by tax revenues, and many donations came from Notch Babies who formed the bulk of the fighting forces during World War II. In fact, TSCL members and supporters alone donated over ,749 for the World War II Memorial Foundation. .The exact mechanisms for enacting the provisions therein — such as requiring manufacturers to reveal their development costs — remain unclear. The industry has previously protected development data as a trade secret. The bills would also require "reasonable pricing clauses" be included in agreements between drug companies and agencies funding their work. They propose waiving exclusive licenses for COVID-19 drugs, allowing competitors to sell the same products as long as they pay the patent holder royalties. .Some Seniors to Pay More for Drugs Under New Rule .William told TSCL this week: "Senior citizens have the most to lose because they are by far the largest population of people who find themselves in need of costly in-home or nursing home care. For Congress not to be concerned with the catastrophic effect this would cause is cruel and unusual indifference to elderly and disabled Americans." .Notch Reform continues to be a major priority of seniors who turn 85 to 94 this year. After so many years of receiving lower Social Security benefits than other seniors having similar work and earnings histories, is it any wonder that the majority of "Notch Babies" believe Congress is waiting for the issue to quietly die away? .However, right now there is no guarantee Republicans would do that, and instead, it is probable they would blame the Medicare cuts on the Democrats. .Town Hall Question: Research indicates that seniors have already lost more than 30 percent of their purchasing power since 2000. What is your position on the adoption of the "chained" CPI for the calculation of Social Security COLAs? .TSCL also announced its support this week for the Medicare Prescription Drug Price Negotiation Act (S. 41, H.R. 242), which was introduced by Senator Amy Klobuchar (MN) in the Senate and by Representative Peter Welch (VT) in the House. Their bill, if signed into law, would require the Secretary of the Department of Health and Human Services (HHS) to negotiate prescription drug prices on behalf of nearly 40 million Medicare Part D beneficiaries. If HHS were able to negotiate similar prices as those paid by Medicaid and the Veterans Health Administration, the Medicare program would save billions of dollars annually, and beneficiaries would have better access to more affordable prescription drugs.