News
-
How Would President Biden Reform Social Security
Will We Get A COLA in 2012? .The FDA is particularly concerned that these deceptive and misleading products might cause Americans to delay or stop appropriate medical treatment, leading to serious and life-threatening harm. It's likely that the products do not do what they claim, and the ingredients in them could cause adverse effects and could interact with, and potentially interfere with, essential medications. .According to the Congressional Budget Office (CBO), wages are growing faster for people who earn more than the Social Security taxable maximum than for people earning less. The CBO projects that this unequal growth in earnings will cause a decline in revenues received by the Social Security Trust Fund over the next decade. … Continued
-
Notch Bulletin January 2011 Feed
Last week there was major news concerning Social Security, Medicare, and prescription drug prices – or at least so it seemed. But "the devil is in the details" and we will try to sort it out for you below. .Social Security and Medicare Public Trustees Recommend Raising Eligibility Age and Benefit Formula Changes .Dr. Conway assured lawmakers on the Finance Committee that CMS is carefully reviewing comments from the public about the proposed program, and that the Administration is committed to working closely with stakeholders to improve the proposal. He said, "Our goal is to be responsive to the public comments and input from Congress while preserving the integrity and effectiveness of the model." … Continued
To strengthen Social Security and Medicare, 84% of respondents strongly agreed that Congress should focus on getting Americans back to work. Jobs and the payroll taxes paid by people during their working years finance the benefits received by today's Social Security and Medicare beneficiaries. While jobs were the top deficit fix, only 11% agree with cutting the Social Security payroll tax as a means to generate employment. Congressional leadership and the President are battling over spending cuts and higher taxes that will be needed to avoid hitting a "fiscal cliff" by the end of this year. .For more information on town hall meetings near you during the August recess, click HERE. For more sample town hall questions, read this month's Legislative Update HERE. .The Senior Citizens League enthusiastically supports S. 2554, H.R. 1251, and H.R. 4704, and we will continue to advocate for their passage in the months ahead. For more information, visit the Bill Tracking section of our website. .These higher Medicare Part B premiums in turn contributed to flat growth in Social Security benefits in subsequent years — even when a 2 percent COLA became payable two years later in 201The Medicare Part B premium took the entire 2 percent COLA for about half of all beneficiaries according to a survey by The Senior Citizens League. .How do I go about writing my Congressman and Senators? .Obama's controversial executive action would defer the deportation of up to five million illegal immigrants, including older adults who have children who were born in the U.S. (and thus U.S. citizens). In addition, his executive actions provide the work authorization required to receive Social Security and Medicare, once other qualifications are met. Texas and 25 other states are challenging the legality of Obama's actions. They are being supported by TSCL, 12 other groups, and 113 Members of Congress who argue in an amicus brief, that "the President acted contrary to both the express and implied will of Congress." .This study illustrates why legislation is needed to provide a more fair and adequate COLA. To put it in perspective, for every 0 worth of groceries a retiree could afford in 2000, that individual can only buy worth today. .TSCL is working for the re-introduction of the Notch Fairness Act. This. Benefit Bulletin: August 2012 TSCL Chairman Larry Hyland Congratulates Representative Mike McIntyre (NC-7) .We were also told that the Congressman is working on further legislation to raise benefits and further extend solvency which he plans on introducing later this year. We will report on that new bill whenever it is introduced.
