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  • Majority Of Retirees Would Raid Savings Or Borrow For Financial Emergencies Says New Poll By The Senior Citizens League Tscl

    For the last few weeks we have reported on President Trump's executive order to allow employers to defer payroll taxes owed by workers, which funds Social Security and Medicare. TSCL is opposed to payroll tax cuts of any kind because they seriously jeopardize the financial viability of both programs. .Proxy voting allows a member of the House to give to another member the right to cast a vote on his or her behalf. The member authorizing the proxy will stipulate how the vote should be cast and the member casting the proxy vote is required to abide by the wishes of the member granting the proxy. .Congressmen from both sides of the aisle have demanded an explanation. At a recent hearing on reimportation attended by TSCL staff, Senator Bill Nelson (FL) said that Canadian drug shipments were seized from more than 100 of his constituents. … Continued

  • Congressional Corner The Payroll Tax Cuts Not The Problem Privatization Is

    In normal political times neither party would allow Medicare to be cut. But because of our current highly partisan times, it would require ten Republicans to join with Democrats to stop the cuts to Medicare with new legislation if reconciliation were used. .Passage of this new rule will allow the House to start conducting business on a larger scale than has been happening since the beginning of the coronavirus social distancing measures. .TSCL is working for legislation that would provide greater retirement security for older Americans as well as strengthening financing for Social Security. To learn more, visit . … Continued

Physicians should use only those tests that have been authorized by the U.S. Food and Drug Administration, of which there have been about 12 to date, the AMA said. Even then, they should only be used to determine how broadly the virus has moved through the population and for specific information like whether someone can donate convalescent plasma. .You can depend on TSCL to be in the middle of the fight to secure Social Security and Medicare and make sure we all receive the benefits we depend on and that we have already paid for during our working years. .These overpayments occur because payments to plans are adjusted to pay more for older and sicker enrollees, and less for enrollees who are young and healthy. As well documented by the Medicare Payment Advisory Commission, Medicare Advantage plans use a variety of strategies to "document" enrollee medical conditions, including repeated, calls to homes in attempts to "update" health histories, and to schedule home visits from nurses to conduct health risk assessments even when patients have emphatically declined the visit. .After a bill passes Congress there is a certain process that must be followed when it is transmitted to the President for his signature. That is why the extra time is needed at this point. .Do you have a mortgage? A recent survey by national mortgage banker American Financing found that 44% of Americans between the ages of 60 and 70 have a mortgage when they retire. Of that group, almost one-in-three expect to be paying on their mortgage for at least eight more years. Life insurance can cover mortgage payments if you die, and a term life policy can be timed to end with debt payments. .CDC recommends that people who are not fully vaccinated avoid travel on cruise ships, including river cruises, worldwide. Since the virus spreads more easily between people in close quarters aboard ships, the chance of getting COVID-19 on cruise ships is high. It is especially important that people who are not fully vaccinated with an increased risk of severe illness avoid travel on cruise ships, including river cruises. .Although no other generation has yet been affected by a similar Notch, that could change in the future. Congressional inaction on Social Security's long-term financing problems could give birth to a whole new generation of Notch Babies. During recent hearings on the need for making Social Security more sustainable as Baby Boomers near retirement, David Walker, the Comptroller General of the United States, confirmed this saying "Doing nothing means that we are going to head to a precipitous decline in benefits. Remember the Notch Baby problem?" he asked. "This would be a Notch Baby problem magnified multiple times and it should not be allowed to happen." (10) .Members on both sides of the aisle seemed eager to tackle corporate tax reform, but there was a clear divide on the panel when it came to the Social Security payroll tax holiday. Co-chair Patty Murray (WA) and Senate Minority Whip Jon Kyl (AZ) both seemed skeptical about President Obama's recent proposal to cut the payroll tax in half for both employees and employers next year. When asked whether short-term tax cuts typically succeed in stimulating the economy, Barthold responded "yes" without hesitation. However, he said that such short-term cuts for employers generally do not lead to job creation. .Since passage of Medicare in 1965 all seniors received the same benefits for the same standard premium. But in 2003, Congress took the unprecedented step of passing legislation that required "upper-income" seniors to pay increased premiums for Medicare Part B. Forcing these seniors to pay more for the same Medicare benefits is known as the "means test."