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Sen. John Cornyn introduced H.R. 1190 on January 8, 201It has since been referred to the Committee on Finance..Finally, some Good News.TSCL consists of vocally active senior citizens concerned about the protection of their Social Security, Medicare, and veteran or military retiree benefits. TSCL was first established as a special project of The Retired Enlisted Association. On January 1, 1995, TSCL became an independent 501[c][4] citizens' action organization..In fact, unlike the surtax on high earners, this 3.8% net investment tax was not even a specific provision of Affordable Care Act. It was a provision of a separate bill, the Health Care Education and Reconciliation Act of 2010 which was passed about two days after the Affordable Care Act. By setting up the revenues so that they would flow to the General Fund, Congress by-passed earmarking those revenues for the Medicare Part A or Part B Trust Fund. That also means that, when those revenues are used for other purposes, the Medicare Trust Funds are not earning any interest from the federal government for the use of those funds..If you're preparing for a long sea journey and about to set sail in stormy waters would you knowingly board a ship without adequate lifeboats or an emergency plan? Dumb question, I agree, but this is what the nation's retirees and Baby Boomers are getting ready to do,. The upcoming election will be one of the most important votes we ever make to determine the future of our Security and Medicare benefits. But voters are headed to the polls with frustratingly few details about candidates' plans..For more information on the Social Security Fairness Act, visit the Bill Tracking section of our website. To stay updated on its progress in Congress, follow TSCL on Facebook or Twitter..Such large trials are unlikely in the rush to field a vaccine and the result could be a dangerous erosion of public trust. The yearly flu shot carries a risk of less than 1 in 1 million cases of the neurological complication Guillain-Barre syndrome. But even with that low a risk, close to half of Americans refuse to get it.."Hearing On The Effects Of COVID-19 On Social Security," Testimony of Stephen C. Goss, Chief Actuary, Social Security Administration, House Ways and Means Subcommittee on Social Security, July 17, 2020. "Biden Has Promised To Reform Social Security - Some Changes Could Come As Soon As This Year," Lorie Konish, CNBC, January 23, 2021..TSCL advocates for legislation that makes affordability for Medicare beneficiaries a priority. Medicare healthcare costs are the fastest growing cost that retired households face, and beneficiaries often shoulder a heavy financial burden. "Cutting Medicare benefits, while shifting more costs to beneficiaries, would be the wrong way to strengthen program financing" says Johnson.

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Alexandria, VThe Congressional Budget Office recently released information about Social Security that went unnoticed by the media, and was all but ignored by Congress and President Obama. The part of the program that pays benefits to 11 million disabled workers and dependents will be fully exhausted within three years - nearly 20 years sooner than the retirement program. When that happens, the Social Security trustees estimate that under current law the DI trust fund would have only enough revenues to pay 80% of scheduled benefits..In addition, the Senate sometimes holds pro-forma sessions during recess periods to prevent the president from making recess appointments. This is apparently why the Senate remains in the pro-forma session since the House is also out of session. The Senate has the Constitutional responsibility to confirm certain appointments of the President but President Trump has made many appointments at other times when the Senate has been in recess and there are many "acting" secretaries, assistant secretaries and other officials of various departments and agencies serving without Senate confirmation..TSCL on the Hill … Continued

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"This is an important perspective to have in our current legislative environment," says Johnson. Some Members of Congress are discussing indexing the COLA to the more slowly growing "chained" consumer price index. "The current index used to calculate the COLA already understates inflation experienced by retired beneficiaries, because it doesn't adequately represent the spending of older consumers," Johnson explains. "A more slowly growing index would only exacerbate the problem of maintaining the buying power of Social Security benefits over time," she says..With work authorization, and if she starts a job under her valid Social Security number, her employers are required to withhold taxes and report earnings into the system. Under this situation Social Security will receive new taxes and the mother would become eligible for retirement benefits based on her own account with about ten years of covered work. She could file a claim for benefits once she meets age requirements..Seniors have earned their Social Security benefits. It is our duty as elected representatives to protect them, which strengthens the fabric of our nation, making our society healthier and our communities stronger. … Continued