News

  • Weekly Update For Week Ending July 24 2020

    Sources: "Distributional Effects Of Raising The Social Security Taxable Maximum," Kevin Whitman, Social Security Policy Brief, July 2009, No.2009-0Lifting the Taxable Maximum Wage, Description of Proposed Provision: E2.2, Social Security Administration Office of the Actuary. .In addition, one new cosponsor – Rep. Zoe Lofgren (CA-19) – signed on to the Strengthening Social Security Act (H.R. 3118). The cosponsor total is now up to thirty-eight. If signed into law, the bill would reform the Social Security program in three ways: it would adjust the benefit formula, resulting in more generous monthly benefits; it would adopt the CPI-E, resulting in more accurate COLAs; and it would lift the cap on income subject to the payroll tax. H.R. 3118 would extend the solvency of the Social Security Trust Fund responsibly, without cutting benefits for seniors. .Essential Drugs Need to be made in the U.S. … Continued

  • Legislative Update For Week Ending November 18 2011

    Congressmember Karen Bass is serving her sixth term in Congress. She represents Culver City and parts of Los Angeles. .Until then, TSCL will continue to monitor the movement of President Obama's immigration orders closely, since they could significantly affect the Social Security and Medicare programs if implemented. We will post updates here in the Legislative News section of our website. .The transition has set off dozens of new Medicare scams. To protect yourself from scam here's what to remember. There is nothing you need to do to get your card, and it does not cost anything. It will be shipped to you automatically. Scammers try to call beneficiaries on the phone and falsely claim that to get the new card you must provide Social Security, credit card, or bank account information, or Medicare benefits will be canceled. All of these claims are false. If you get a call like this or if anyone calls unsolicited, and claiming to be from Medicare, HANG UP. This is a scam. Once you get your new Medicare number, don't toss your old Medicare card in the trash — shred or cut it up into small pieces. … Continued

I'm 63 and still working. I originally planned to wait until age 66 to start benefits, but I need extra income. Could you give me some ideas about when I should start? .For women, that number is even lower, it's ,000 a year. .This unexpected policy adjustment is largely attributable to the 6 billion in cuts to Medicare that Obamacare calls for. More than one-fifth of the cuts – approximately 6 billion – are to the Medicare Advantage program, which insures more than one-quarter of all seniors over the age of sixty-five. It's important to note that the savings from the cuts are not going back into the Medicare Trust Fund; instead, the money is going to help pay for the health insurance of younger, working adults under Obamacare. ."If you look at the science across all diseases, you see few outbreaks" on planes, Allen said. "It's not the hotbed of infectivity that people think it is." .Under 1977 Projections Under Actual Conditions .This week, TSCL's legislative consultants, Former Congressman David Funderburk and Mrs. Betty Funderburk, along with TSCL's legislative assistant, Jarrad Hensley, were on Capitol Hill for meetings with Members of Congress and their top staff. .TSCL Believes New Policy Would Add To Growing Social Security Woes .Do you think Social Security's funding should be strengthened? Consider attending a local town hall in your area. Sign up to ask questions, or approach a staffer of your Member of Congress to relay your ideas. Together, we can make the case that better retirement security can't be achieved through cutting the benefits that more than 61 million people depend on, but rather by everyone paying their fair share during their working years. .Social Security Cost-of-Living Adjustment – Ensure a fair, accurate, and guaranteed COLA.