TSCL supports legislation that would raise the taxable maximum. "TSCL believes that cutting Social Security benefits can't be justified when moderate payroll tax adjustments can keep the system solvent for decades," says TSCL Executive Director Shannon Benton. "Requiring everyone to pay their full share would add years of solvency to the Social Security," Benton says. .The amount spent per person, which increases with age and health changes, and .For 80 years, Social Security has successfully kept millions of seniors who can no longer work out of poverty, as well as millions of disabled adults and children of deceased or disabled parents. About two-thirds of beneficiaries depend on Social Security for more than half of their income, and around one-third depend on Social Security for almost all of their income. .TSCL recently asked their members and supporters how no COLA in 2016 would impact their budgets. "They told us they will struggle to cover the costs of prescription drugs, car repairs, property taxes, rising food costs, and even their most basic needs next year," Cates says. "Simply put, Americans living on a fixed income cannot afford to go without a COLA, and we are concerned about the impact recent years of record - low COLAs will have on the long-term adequacy of benefits for millions of people who depend on COLAs," Cates explains. .Few employers outside the federal government and the military have taken up the option. Costco Wholesale Corp., United Parcel Service Inc. and FedEx Corp. are among employers that have said they aren't participating. .The gap between prices was even higher for brand-name drugs, with U.S. prices 3.44 times more than those in the other countries. Meanwhile, prices for generic drugs are slightly lower in the U.S. than in most other countries. Unbranded generic drugs account for 84% of drugs sold in the U.S. by volume, the researchers found, but only 12% of U.S. spending. .We will keep a close eye on the evolving discussions in the months ahead, and we will post updates here in the Legislative News section of our website. .And it will not feel like a bargain if we get free or cheap vaccines during a pandemic but pay dearly for annual COVID-19 shots thereafter. .Officials in Canada said at that time that this would not be an effective approach to reducing drug prices in the U.S. since the Canadian market is small, representing only 2% of global pharmaceutical sales, compared to 44% south of the border.