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Rep. Charles Gonzalez introduced this bill on January 26, 201It has since been referred to the Ways and Means Subcommittee on Social Security and to the Committee on Education and the Workforce..Incredibly, according to a legal opinion obtained by TSCL in 2009, Totalization with Mexico may give Mexican immigrants greater rights to U.S. Social Security benefits than U.S. senior citizens currently enjoy. The proposed U.S./Mexico Totalization Agreement would be based on a contractual promise made by the United States government for the benefit of individual Mexican workers who qualify for U.S. Social Security benefits under the terms of that agreement..Born and raised in Minnesota, Larry Madison moved to the Washington, D.C., area in 1987 with his family to pursue a career as a copywriter and account executive at The Viguerie Company, a nationally known political fund-raising firm. After three years at TVC, he left to become head of fund raising for the American Defense Institute, and then for the American Security Council, both non-profit organizations involved in supporting a strong national defense..Under current law, Social Security beneficiaries whose total income exceeds specific thresholds are required to claim a portion of their Social Security benefits as taxable income. Depending on income, as much as 50% to 85% of Social Security benefits could be taxable. A bulletin from the Social Security Administration estimates that the median share of benefits owed as tax for most retirees would be far less than that, however, remaining close to 12% over the period 2020 to 2050..Early last year, prior to even knowing the impact of the pandemic, the Social Security Trustees forecast that the financing of the Social Security Trust Funds would turn negative this year. The Social Security Trustees forecast that the Social Security retirement and survivors trust fund would receive a total of 5.6 billion in 2021 but estimated that program costs would be more than ,019.2 billion..Illegal immigrants get jobs using counterfeit, invalid, and stolen Social Security numbers that employers use to withhold payroll taxes and report earnings to the Social Security Administration. Immigration advocates argue that unauthorized workers have little chance of collecting benefits. But once illegal workers gain a valid Social Security that changes. Social Security Administration policy allows noncitizens who have evidence of earnings, even for jobs worked under invalid Social Security numbers, to claim and reinstate those earnings for use in determining entitlement once they obtain their own Social Security number. The earnings are then used to determine the initial retirement benefit amount..On Wednesday, the Social Security and Medicare Trustees released their annual reports on the financial outlook of both programs. As expected, they found that Social Security and Medicare are experiencing long-term financing shortfalls. Social Security's combined trust funds are expected to be depleted in 2034, which remains unchanged from last year's report. Medicare's Hospital Insurance trust fund is expected to be depleted in 2028 two years earlier than the trustees projected last year..The Democrats on the committee include: Sens. Max Baucus, Ben Cardin, Bob Casey Jr., and Jack Reed ; and Reps. Xavier Becerra, Sander Levin, Allyson Schwartz, Chris Van Hollen and Henry Waxman..Here's an example of how it might work for you if you receive ,400 from your 401 and ,600 from your IRA. To figure your provisional income, take one - half of your Social Security = ,000. Let's say the taxable portion of your 401 is ,200, and of your IRA is the full ,600. That adds up to a provisional income of ,800 and a portion of your Social Security benefits would be taxable.