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Best Ways Save May June 2018
Back in February, U.S. District Judge Andrew Hanen of Texas temporarily halted President Obama's immigration orders that would have delayed the deportation of nearly 5 million illegal immigrants. The Obama administration promptly appealed that decision to the U.S. Court of Appeals for the 5th Circuit in New Orleans. .(Washington, DC) A new analysis from The Senior Citizens League takes a look at what the Social Security Trust Fund might collect in payroll tax revenues from just a few of the highest paid U.S. workers. "In a sampling of just 20 CEOs from the Fortune top 80 companies, the analysis found that total base salaries and performance pay not currently taxed for Social Security is expected to total 1.5 million in 2018, averaging more than million per CEO sampled," stated Mary Johnson, a Social Security policy analyst for The Senior Citizens League. .Pre-Election Recess Continues … Continued
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Congressional Corner Seniors Deserve Dignity Security Im Fighting Congress
This week, TSCL delivered letters to several leaders in Congress – including Senate Majority Leader Mitch McConnell (KY), House Speaker Paul Ryan (WI-1), and House Freedom Caucus Chairman Mark Meadows (NC-11) – urging immediate action on the looming debt ceiling crisis. .In January, lawmakers on Capitol Hill will likely begin efforts to repeal the Affordable Care Act, overhaul the tax code, dramatically alter trade deals, and confirm a new Supreme Court Justice. It remains to be seen which other policy issues will be prioritized by the Republican Congress. Efforts to reform the Social Security and Medicare programs have been on the table for years, and in the platform that the Republican party adopted back in July, lawmakers agreed that "of the many reforms being proposed, all options should be considered." Proposals to raise the Medicare eligibility age or to adopt the "chained" CPI – which would result in more slowly-growing Social Security cost-of-living adjustments – could see congressional action in 2017. .This week, lawmakers in both chambers voted to approve a temporary spending bill to fund the government past September 30th. In addition, The Senior Citizens League's (TSCL's) legislative team met with several Members of Congress and their aides, and two key bills gained support. … Continued
Three Bills Gain Cosponsors .This week, just hours ahead of the December 9th deadline, lawmakers in the House passed legislation to avoid a government shutdown and left town for the remainder of the year. They are expected to return to Capitol Hill on January 3, 2017 to begin the 115th Congress. .Did you wind up owing federal income tax last year or this tax season due to the effects of the Making Work Pay Tax Credit? TSCL is concerned that senior taxpayers were disproportionately affected by implementation problems of the Making Work Pay Tax Credit, and is conducting an online to survey to learn how they were affected. .In other words, next year's COLA could be calculated based at least in part on guesses. That could be disastrous for seniors. .At Wednesday's hearing, members of the committee heard from Jonathan Blum, the Deputy Administrator and Director of Medicare at the Centers for Medicare and Medicaid Services (CMS). Blum stressed the need for Congress to act before January 1st, since the cost of repealing the SGR is the lowest it has been in years. He also asked members of the committee to build upon the work that CMS has already done instead of starting from scratch. "We shouldn't step back, we should step forward," he said. In addition, he urged committee members to advance a plan that would create a five-year transition period and allow CMS to continue experimenting with different payment models, like accountable care organizations and medical homes. .Generations have watched big-government, socialist systems fail, one after another, in countries experimenting with soviet-style, centralized planning. Medicare-for-all would be no different, leading to longer wait times and lowered standards of care at an unsustainable cost to the American taxpayer. .Missing Medicare Part B Enrollment Deadline Triggers Penalties .Rep. Paul Ryan said this week that he would also like to consider reforms to the Medicare program at that time. At an event on Monday, he stated, "There are other issues, like Medicare reform-based issues, that we'd like to enter into this to try and help pay for this … Sometimes you find if you have a problem that's small and intractable, if you make it a little bigger it's actually easier to solve, and that's kind of the way we're looking at the full-time doc fix." .The good news is that both issues tend to be non-partisan. However, the bad news is that both cost a considerable amount of money, which means more federal spending. That's why the bills we support that would fix those issues have been tied up in committee for so long and have not been able to move through either the House or Senate.
