Your persistent support in signing petitions, sending email, and letters to your Members of Congress have helped build the highest level of co-sponsorship in more than ten years..Most of the money that Social Security pays out to current beneficiaries comes from payroll taxes. According to the Social Security Trustees, the program received 5.1 billion in payroll taxes in 201Social Security also received an estimated .9 billion from the taxation of Social Security benefits, and .9 billion in interest was earned on special issue non-marketable bonds held by the trust fund last year..Well, to our surprise, it was announced last Friday that House and Senate committee leaders have struck a deal on a bipartisan fix for the problem..Earlier this year President Biden signed an Executive Order to secure America's critical supply chains. The Executive Order directed the Administration to launch an immediate 100-day review and strategy development process to identify and address vulnerabilities in the supply chains of four key product sectors, including pharmaceuticals.This week, lawmakers in the House and Senate remained in their home states and districts for the week-long Independence Day holiday recess. They are expected to return to Capitol Hill on Monday, July 10th..TSCL agrees that legislative action is needed soon in order to avoid harsh benefit cuts for Social Security beneficiaries. In the months ahead, we will continue to advocate tirelessly for legislation like the Social Security 2100 Act, which would strengthen the financing of the program for decades to come while also strengthening benefits for those who depend on them the most. For progress updates, follow TSCL's legislative team on Twitter, or visit the Legislative News section of our website..Between January of 2000 and January of 2020, Social Security COLAs increased benefits by 53 percent, but the cost of goods and services purchased by typical retirees rose by almost twice as much - 99.3 percent. Medicare premiums and out-of-pocket costs, housing, and homeowner's insurance were among the most rapidly - rising costs over the past year..that your health insurance is taking a big portion of your Social Security,."Anyone would have to acknowledge that a lot of what has gone on with the pharmaceutical industry as it relates to their contacts with doctors is lobbying, pure and simple," McCaskill said in the hearing. "If we are going to limit the lunches that can be bought for members of Congress in the context of lobbying, shouldn't we have the same kind of disclosures with doctors? And if it is in fact about the patients, the industry should have no problem disclosing how much money they are spending on doctors in terms of recreational time. I'm talking about golf, I'm talking about trips, I'm talking about dinners, I'm talking about expensive wine. Why in the world would we allow that to go on without the public and the patients knowing that's going on?"

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The Congressional Budget Office recently released its fall economic and budget update which estimates that due to the COVID-19 pandemic, Medicare outlays will grow 12% over 2020, double the rate what was forecast in April. If that estimate proves to be the case, that suggests the Part B premium increase could be twice as high as the earlier forecast - about .40 per month..How To Increase Medical Tax Deductions for Older Taxpayers.A government shut down, while causing some problems, isn't as bad as breaching the debt ceiling. That's known as a "technical default," as some government obligations won't be met on time depending on how long the stalemate lasts. The Treasury Department would have to rely on whatever cash is left on hand and daily revenue inflows. … Continued

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Eliminating the "cash cliff" that hits when a disabled beneficiary earns more than ,090 in any given month and is immediately cut off from benefits. The cash cliff serves as a workforce disincentive and could be addressed by simply adopting the method used in the retirement program, where monthly benefits are reduced by for every in earnings over ,310, thus providing an improved earning opportunity..May 15, 2013 Seniors have lost almost one-third of their buying power since 2000, according to the Annual Survey of Senior Costs, released today by The Senior Citizens League. TSCL is one of the nation's largest nonpartisan senior advocacy groups.."While hold harmless is very valuable protection, the lack of an adequate COLA to begin with, and rapidly growing Part B costs, will keep millions of beneficiaries stuck in a no-growth rut in 2018," Johnson says. The Senior Citizens League is advocating legislation that would provide a more fair and adequate COLA, by tying the annual adjustment to the Consumer Price Index for the Elderly. Projections for The Senior Citizens League show that by using the CPI-E, Social Security benefits would be about 9 percent higher over 25 years. A benefit of ,300 in 2017 would be about 2 per month more using the CPI-E at the end of the 25 year period instead of the current method. To learn more, visit. … Continued

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