Making Work Pay Tax Credit Snares 13 4 Million Taxpayers Feed
Please join us in our efforts by signing our Social Security Fairness petition to Congress, or by calling your elected officials and asking them to support CPI-E legislation. .In addition, the AHCA would repeal a tax created by the ACA that serves as a critical funding stream for Medicare's Hospital Insurance Trust Fund. Cutting the tax would accelerate the insolvency of the Medicare Part A Trust Fund, and in a matter of a few years, it would become exhausted. In a Washington Post opinion piece, former Acting Administrator of the Centers for Medicare and Medicaid Services (CMS) Andy Slavitt wrote, "That's clearly no accident: The program would wind up right where ‘entitlement hawks' such as House Speaker Paul D Ryan (R-Wis.) want it – in crisis. If this bill became law, the speaker would finally be positioned to change Medicare to a voucher program." .Currently, the two vaccines available are produced by Moderna and Pfizer. However, a vaccine from Johnson and Johnson could become available within the next few days. And there could be one or two more available in a few more weeks. … Continued
Benefit Bulletin March April 2020
Funding concerns are one of the key reasons TSCL is relieved SSA has decided to remove the text requirement from the login process. Without online access, more seniors than ever would have been relying on their local Social Security offices, and under-staffed offices would surely have been overwhelmed with requests. .Failure to balance between price and services. Assisted living and continuing care communities can be very expensive and more people are living longer in these facilities. It's important to make finances last while maintaining access to the best care. When exploring options, don't be afraid to look into facilities in areas that have lower costs of living, even if you won't be able to visit with your family every single day. What you give up in fancy features, you may trade off with more affordable rents, and service fees, more personal attention, while still getting high standards of care. .For example, one Maine resident worked in the private sector, paying into Social Security for fifteen years before she returned to the teaching profession. Her earned Social Security benefits would have totaled 0 a month. However, due to the WEP, she receives only 0 each month from the program. She is also unable to collect Social Security spousal benefits due to the GPO, even though her spouse paid into the system throughout his entire career. In retirement, she must rely almost entirely upon her teaching pension, which is modest since she spent only a decade in the profession. She told the National Education Association, "If I had known the severe financial penalty I was to pay for returning to teaching, I don't think I would have done it." … Continued
Senior housing experts say they frequently hear clients say they want to live in their own homes. But over time, it can become a great burden, especially when people don't have family that lives close by. Health and physical changes can make it difficult to climb stairs, keep the home clean, and keep up with paying bills. There may be a growing need for help with simple chores like driving to the pharmacy or grocery store. Home maintenance and repairs can even become a source of exploitation from unscrupulous vendors. .For example, the CMF report offers suggestions on how House member offices can most effectively absorb additional cuts. Most notably, these include salary freezes, a potential shift to increased e-mail use over traditional mail, and limited travel expenses to district functions. .Federal law requires that any reduction in payroll tax revenues going into the Social Security Trust Fund must be replaced dollar-for-dollar with general revenues from the U.S. Treasury. Consequently, a temporary extension of the payroll tax cut will have no effect on the Social Security Trust Fund. .One new cosponsor – Rep. Kay Granger (TX-12) – signed on to Rep. Kevin Brady's (TX-8) Public Servant Retirement Protection Act (H.R. 2797) this week. The cosponsor total is now at seven. .Under both measures, the poverty rate increases with age, and was higher for people in relatively poor health. .We had no way to tell how much worse these scams were about to become. As a result of this pandemic, our legislative efforts must evolve just as these scams have. .The Senate was back in Washington this week, holding hearings and confirming judicial and executive branch nominees. And while those are official duties of the Senate, no new legislation was passed. .By Congressman Peter Roskam (IL-06) .Congressman Bill Pascrell (D- N.J.) was very blunt when he said that all the talk about fixing Social Security is just platitudes. While both sides of the aisle know it needs to be fixed and say they want to fix it, nothing is really being done.