News

  • Legislative Update For The Week Ending August 19 2011 Feed

    By Jessie Gibbons, Legislative Analyst .At the same time that Social Security and Medicare rolls are increasing, the funding for Social Security and Medicare, which depend on payroll taxes withheld from wages, has fallen. Payroll taxes are not withheld from people who have no earnings. .New Legislation to Stop Looming Cuts to Medicare Urgently Needed … Continued

  • Ask The Advisor Feed

    The Social Security Disability Trust Fund (SSDI) is rapidly closing in on becoming the first of the two Social Security Trust Funds to become fully insolvent. The disability trust fund, which is separate from the one that pays retirement and survivors benefits, is due to have funding problems by 2016. .TSCL will continue to keep the pressure up on Congress to get this problem solved as soon as possible. .Have you heard anything about congress fixing a Social Security cut for those of us born in 1960? — K.S. … Continued

On the web: Here's the link to the WTHR TV "Tax Loophole" video or visit www.wthr.com. .For more information about legislation that would strengthen the Social Security and Medicare programs, visit the Bill Tracking section of our website. For frequent updates from TSCL on Capitol Hill and to view photos from this week, follow us on Twitter. .In the meantime, many Members of Congress will be attending local events and hosting town hall meetings in their home states and districts. The Senior Citizens League (TSCL) encourages its members and supporters to attend these events and to ask questions about their Social Security and Medicare benefits, such as the following … .For progress updates or for more information about these and other bills that would strengthen the Social Security program, visit the Bill Tracking section of our website or follow TSCL on Twitter. .As of yet, the text of the bills has not been released but TSCL will be closely monitoring these bills to determine if we will be supporting them. Coverage of dental and hearing care are two of our priorities and we are hopeful this legislation will provide the solution for one of those goals. .The Senior Citizens League is encouraging Congress to take the opportunity now to strengthen Social Security by beefing up the amount of earnings subject to payroll taxes, a tax provision that has widespread public support. The Senior Citizens League is delivering a letter to Congress this week calling for three tax reforms that would strengthen Social Security and provide relief to millions of older Americans. Those reforms include: .Every day approximately ten thousand people reach their retirement age. Many have spent a lifetime working to care for their families and save for retirement all while paying federal taxes. The taxes paid into Social Security and Medicare have helped make these programs successful for past generations of retirees. .I turn 66 in August of next year, and plan to start Social Security retirement benefits. How much may I earn in 2021 without reducing my benefits? .COLAs Going To Be Flat In 2014