Obama Signs Extensions into Law.This week, lawmakers returned to Capitol Hill to begin the "lame duck" session of Congress. Those in the Senate plus Republicans in the House held leadership elections for the 116th Congress. In the Senate, key leadership positions will remain largely unchanged in 201Senator Mitch McConnell will once again serve as the Senate Majority Leader, while Senator Chuck Schumer will remain the Minority Leader in the 116th Congress..According to one non-profit government watch-dog analysis, ". legislation enacted since 2015 could be responsible for more than half of the deficit in 2020 and 202In other words, recent policymakers are responsible for doubling near-term budget deficits.".The debate over cutting entitlement spending, however, isn't new. For years, proposals to cut Social Security and Medicare benefits have been put forth from both sides of the aisle. Consider:.This week, House lawmakers remained in their home districts for the final week of the August recess. Meanwhile, The Senior Citizens League saw support grow for one key bill that would increase competition in the pharmaceutical industry and improve access to affordable prescription drugs..This week, one new cosponsor Senator Dean Heller signed on to Senator David Vitter's Notch Fairness Act. Senator Heller is currently the bill's only cosponsor..He purchased it on his first trip to the dealership after receiving an offer in the mail of payments of a month. Instead of a payment that low, though, he wound up owing 0+ a month for five years. His auto loan charges 18% interest. My brother couldn't pass a credit check from a legitimate lender. He's had numerous problems with debt collectors over the years, although he and his wife still own their home with no mortgage now. Do you have any advice?.Republicans as a whole did not object to the renaming provision and they agreed with Democrats that the NDAA was not the place for the social media provision that Trump wants. As a result, both houses of Congress passed the NDAA last week with majorities that are large enough to override Trump's threatened veto..While about 70% of Medicare beneficiaries will see no Medicare Part B increase in premiums this year, the legislation reduced monthly Part B premiums for the 30% of beneficiaries who faced the jump of 52%. That group, who are not protected by the Social Security "hold harmless" provision, will pay a base premium of 1.80 per month instead of an estimated 9 this year. Higher income beneficiaries who are not protected by hold harmless pay an additional surcharge on the base premium amount. The legislation also reduced an increase in the Part B deductible from a projected 3 to 6.

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In the months before the deal was reached, two Congressional Committees called upon organizations, advocates and other stakeholders to offer their ideas for strengthening the program's finances. TSCL submitted a set of recommendations in August, and then in September, we met with key aides on the House Ways and Means Social Security Subcommittee to discuss our proposal in detail..The period covered by the Notch is a major area of dispute. When benefits are represented on a chart, the disparity forms a deep "V" notch. Benefits plunged from a peak for retirees born in 1916 and hit the lowest part of the "V" for those who were born in the years 1920-2Benefits began to rise for those born in 1922 until they became level with other retirees, starting with those born in 192See illustration below..TSCL believes that legislative changes that would switch to the chained CPI and cut COLAs will be a key feature of deficit reduction talks and plans that become public after the November elections. You can help! Sign TSCL's Social Security Fairness Petition online or call to have a petition mailed to you. … Continued

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There were certain federal health programs set to expire at the end of May, but the expiration date was extended to Nov. 30 in one of the recently passed bills to deal with the coronavirus situation..This week, President Obama sent his fiscal 2016 budget blueprint to Congress, and The Senior Citizens League saw one new cosponsor sign on to the Notch Fairness Act..This week, Members of one Senate Appropriations Subcommittee approved a spending bill that would fund the Social Security, Medicare, and Medicaid programs through fiscal year 201In addition, The Senior Citizens League saw three key bills gain support. … Continued

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