Upon introducing his bill, Congressman Duncan said, "Lower energy prices have pulled down the overall official inflation rate based off of the CPI-W, which measures spending habits of young, urban workers. But seniors don't spend and consume in the same way as working Americans. It's time to finally create an accurate inflation rate just for seniors." .Part B — Seniors with incomes of less than ,000 a year pay a base monthly premium of 5.40, in 2011, which would be automatically deducted from your Social Security benefit. Since 2000, Part B premiums have increased about 154%. .Is The IRS Paying Illegals Billions In Child Tax Credits? .The federal government negotiates prescription drug prices for Medicaid and for veterans, but it is not allowed to negotiate lower prices for Medicare beneficiaries. Do you support that policy? .Since you are still working and still under your full retirement age, you might consider reporting your estimated income to Social Security for 2019, and possibly for the months prior to turning your full retirement age next year. However, that would mean that your Social Security benefits would be withheld for even more months, and you might not receive any Social Security benefits at all in 201At the end of the year, you would have to notify Social Security of what you actually earned for 2019, and the calculation would be revised. If too much was withheld, you would get a refund. If not enough was withheld, you would have to pay the difference. Once you turn your full retirement age then, you will be able to earn as much as you want, and not be subject to Social Security earnings restriction rules for new earnings after turning age 66. .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. .If the bill doesn't pass into law one way or the other it would be the first time in 60 years the legislation has failed to be enacted. .The cuts were buried in a "must pass" debt limit bill that provided essential funding for more than 60 million recipients of Social Security and other federal benefits. Even though the Social Security Trust Fund is the single largest government account which is holding government debt, legislation is required to ensure repayment of even the smallest fraction of the .8 trillion the government owes to the Social Security Trust Fund. .This week, The Senior Citizens League's (TSCL) legislative team met with several Members of Congress and their top staff to discuss legislation that would protect and defend the Social Security benefits of seniors. In addition, members of TSCL's legislative team were in attendance at the Joint Select Committee on Deficit Reduction's first public hearing. TSCL also saw support grow for a key piece of legislation.