News

  • Legislative Update Week Ending October 6 2017

    TSCL was pleased to see support grow for H.R. 1902, H.R. 2575, and H.R. 4841 this week, and we will continue to advocate for them tirelessly in the months ahead. For more information, visit the Bill Tracking section of our website. For updates on the progress of these and other bills, follow The Senior Citizens League on Twitter. .He announced that he would meet with the drug companies to discuss his plan, but top company executives subsequently refused to meet with him. The drug companies did develop their own proposal but it was rejected by the President. .Action on Capitol Hill was slow this week as Members of Congress remained in their home states and districts to prepare for the November 6th election. They are not expected to return to Capitol Hill until after the Veterans Day holiday, on Tuesday, November 13th. TSCL would like to remind you that many Members of Congress will attend local events or hold town hall meetings in the upcoming weeks, giving voters an excellent opportunity to voice their concerns. We encourage you to approach your Senators and Representatives to request their support for fair cost-of-living adjustments and other key issues. … Continued

  • Legislative Update For Week Ending October 26 2012

    On Tuesday, new and veteran lawmakers in the House and Senate met on Capitol Hill for the swearing in of the 115th Congress. As expected, Congressman Paul Ryan (WI-1) was re-elected to the Speaker position with 239 votes in the House, and Congresswoman Nancy Pelosi (CA-12) was re-elected to the House Minority Leader position with 189 votes. .The bill would limit price increases in drugs covered by Medicare Part D plans to the rate of inflation or drug makers would be forced to pay a penalty in the form of a rebate. "Since Social Security benefits only grow at the rate of inflation, it would help level the playing field if the cost of prescription medications were required to be adjusted in like fashion," Johnson notes. Research on typical retiree costs conducted by Johnson has found that from 2000 to 2019, annual cost – of – living adjustments (COLAs) increased Social Security benefits by 50 percent but spending on prescription drugs grew five times faster — 253 percent — over the same period. .Oversight Committee Examines Prescription Drug Market … Continued

Discussion on the bill will likely continue into the summer, and TSCL will continue to monitor the ongoing debate. We remain hopeful that lawmakers will address any loopholes that would allow immigrants to claim Social Security credits based on work done illegally. In addition, TSCL is concerned that those with provisional status could have access to Social Security and Medicare benefits before they are granted citizenship. Both of these issues would put an unnecessary and unspecified strain on the Trust Funds, and we will continue to inform Members of Congress about potential issues in the coming weeks. .I take a brand name drug that costs more than 0 per month in 2019 and I have a co-pay of In 2019, I hit the Part D coverage gap. Can you tell me how much I would have to pay in the Part D doughnut hole next year? .Click here for more information about our legislative agenda. There you can also sign a petition to your Members of Congress, view bills that have been recently introduced in the House and Senate, and stay updated with the latest news on Capitol Hill. .TSCL's Three Legislative Wins For Disabled And Older Americans .Accurate earnings estimates: It's important to accurately estimate your earnings. If you worked for someone else, Social Security will need your gross earnings prior to deductions for taxes. In addition, Social Security counts when the wages are earned, NOT when they are paid. This includes accumulated sick or vacation pay and bonuses. .No change to the taxation of Social Security benefits: Up to 85% of Social Security benefits can be subject to taxation. When that provision was first enacted into law in 1983, it was expected to affect only 10% of households with Social Security income. But unlike tax brackets, the income thresholds subjecting Social Security benefits to taxation have never been adjusted. Today, just as in 1983, individuals with incomes greater than ,000 (or ,000 for married couples filing jointly), pay taxes on their Social Security benefits. According to TSCL surveys, roughly half of all households receiving Social Security pay tax on a portion of their benefits. Not only are the numbers who pay the tax growing, but people are paying taxes on larger portions of their Social Security income as well. .Seventy-eight percent of older voters participating in TSCL's survey say they support raising payroll taxes, eliminating the taxable maximum wage cap so that everyone pays Social Security taxes on all earnings over 8,500. Unlike low - and middle - income wage earners, the highest earners today only pay taxes on the first 8,500 in earnings and enjoy a huge Social Security tax break on all on wages over that amount. A clear majority — 62% of survey participants — also favors very gradually increasing the payroll tax rate by 1% each for workers and employers. Taken together, both changes would provide enough financing to keep the program solvent for more than 50 years. .A major reason that the COLA is so low is the consumer price index that the government uses to calculate the increase. Under current law, the COLA is tied to the increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). That index surveys the spending patterns of younger working adults and does not include the market basket of goods and services that is more typical of people age 62 and over. The CPI-W gives greater weight to goods and services that younger workers spend more on, like gasoline prices and electronics, which have dramatically dropped in price over the past two years. It gives less weight to housing and medical expenses even though those two categories have experienced bigger price jumps over the past two years, and are the two biggest spending categories for older consumers. .These attacks on the safety and security of seniors in our communities are unacceptable but, unfortunately, they aren't new. Before the pandemic, scams targeting the elders in our community were already on the rise. At a town hall I held in Los Angeles in early 2018, I heard multiple stories from relatives of seniors in our community who had been targeted by scams.