To address this issue, my office put together a two-pronged approach both locally and nationally. First, we held a resources fair in South Los Angeles, focusing on identifying and combatting senior scams with service providers that offered direct assistance for attendees. Second, I introduced a bipartisan resolution to call attention to the barrage of fraud attempts that seniors face nationwide. .If the Social Security COLA were based on a more accurate measure of inflation for senior citizens, next year's increase would not be 0.3 percent – it would be 2.1 percent according to the Bureau of Labor Statistics. Do you support legislation that would base the COLA on a more accurate inflation index like the Consumer Price Index for the Elderly? .To learn more about the WEP, download the Social Security Administration Publication No. 05-10045 here — https://www.ssa.gov/pubs/EN-05-10045.pdf. .Larson will soon be reintroducing the Social Security COVID-19 Correction and Equity Act. This bill prevents an unintended and unanticipated cut to Social Security benefits for those affected; it also expands benefits for those who need it most during COVID who have faced long term systemic economic inequalities. .Two Bills Gain New Cosponsors .In reality, no Social Security reduction is small, because the loss compounds over time. The problem is especially unacceptable when this problem can be prevented by Congress in the first place. Individuals who were born in 1949 and who retired at age 66 with average benefits have lost about ,915 through the end of 2021, due to the reduction in the AWI in 200Their benefits today are about per month lower than what they otherwise would have received had they been born one year earlier. Even worse is the loss over time. Assuming that an individual lives to age 90, retirees born in 1949 would lose an additional ,297 in lifetime Social Security benefits—or even more, if their benefits are higher than average. This type of benefit reduction is known as a "notch" in benefits, and those affected might be referred to as the "1949 notch babies." .The Tax Cuts and Jobs Act would eliminate many important tax deductions that older Americans rely on to reduce their taxable retirement income and preserve their savings. Those include deductions for medical expenses, which can be considerable for retirees. The bill also eliminates the deduction for state and local income taxes, casualty loss expenses, such as fire, wind damage and theft, and imposes new limits for the mortgage interest deduction. "The loss of these exemptions would leave older Americans paying taxes on more retirement income and higher tax bills," Johnson says. .Sources: "The Long-Term Budget Outlook," CBO, June 20"CBO: Deficit Would Soar In Coming Decades Despite Obama's Health Overhaul," Lori Montgomery, The Washington Post, June 30, 2010. .This week, in elections nation-wide, Republicans in the House and Senate held on to their majorities, and President-elect Donald Trump defied odds to win the White House.