Most seniors are aware of the impact of the consumer price index on COLAs. But switching to the more slowly growing "chained" CPI, if applied government-wide, would be far more reaching than Social Security cuts alone. In every aspect where applied, seniors would receive less in benefits and pay more in higher taxes. The following chart illustrates:.Support for the legislation has grown significantly, nearly doubling over the previous six Congressional sessions in which it's been introduced. TSCL is encouraging seniors and their younger family members to contact their Members of Congress and urge them to co-sponsor "The Notch Fairness Act, " H.R. 1001 and S. 118..He is a former member of the Board of Directors of the Manassas Museum in Manassas, Virginia, and a former board member of the Retiresafe association..While your Members of Congress are in their home states and districts, it is the perfect time to approach them at local events and request their support for a fair Social Security cost-of-living adjustment and other key issues..TSCL recently endorsed The BASIC ACT introduced by Senator Christopher Murphy that would pay the deceased beneficiary's Social Security benefits for each day a recipient lives. The bill would send the beneficiary's estate a check for the days lived in the final month. The legislation would also increase the size of the Social Security death payment from 5 to 50% of the deceased beneficiary's typical monthly Social Security income with 5 as the minimum payment. As currently structured, the legislation would cost an estimated 0 million each year..The Supreme Court has agreed to hear another Obamacare challenge in February or March. The outcome could have enormous financial impact on millions of people who purchased their health insurance through, the online federal health insurance exchange..A third option was introduced by Senator Rand Paul in June. His plan would repeal the SGR and base payments on the same formula that is used to calculate cost-of-living adjustments for Social Security benefits. It would cap annual pay increases for providers at three percent, allowing physicians to practice without the threat of annual reimbursement cuts..The Senior Citizens League would like to remind you that both Houses of Congress have adjourned for the August recess. The Senate is expected to be back in session on September 6th, while the House of Representatives will return on September 7th..Can you give an example?

Blog Voters Contemplate Options On Health Ballot Issues

TSCL enthusiastically supports the CPI for Seniors Act since we believe it would go a long way in ensuring the retirement security seniors have earned and deserve. In the coming months, we will work tirelessly with Congressman Duncan to help build support for his critical new bill..As further reinforcement, my colleagues and I introduced the Prioritize Spending Act that directs the Treasury to pay Social Security and Medicare first. As of this writing, the President and Senator Reid refuse to allow it to become law.."Americans Make Hard Choices on Social Security: A Survey With Trade-Off Analysis," National Academy of Social Insurance, October 2014. … Continued

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cash advance francise.Gradually Raising the Payroll Tax Cap: The payroll tax cap has not kept pace with changing income patterns over the past few decades, so it makes sense to adjust the maximum taxable wages to realign them with the originally intended level. Gradually raising the cap to cover 90 percent of the nation's taxable earnings by 2050 would allow it to once again represent the same percentage of that figure that it did as recently as the early 1980s..Federal Court Halts Implementation of Immigration Orders … Continued

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