One way to strengthen Social Security is to do what's known as "scrapping the cap." Americans only contribute to Social Security on the first 7,200 in income earned every year. That makes no sense. Why should the very wealthiest get a tax break, when nurses, electricians, and grocery store clerks pay into the system on 100 percent of their earnings? Closing this loophole would extend the program for at least another generation..On Tuesday, with a vote of 244-154, lawmakers in the Housed approved legislation to repeal the Affordable Care Act's controversial Medicare cost-cutting board..The CBO option would change the taxation of Social Security to be more like distributions from defined benefit pension plans. Those distributions are fully taxable except for the portion that represents the recovery of "basis," or what an employee paid in - that is, his or her after-tax contributions to the plan. Once the recipient has recovered his or her entire "basis" all subsequent pension distributions are fully taxed..Accelerate or postpone discretionary medical expenses when feasible. The new health law reduced the amount of unreimbursed medical expenses that you can claim when itemizing the deductions. Taxpayers under the age of 65 can claim deductions for expenses that exceed 10 percent of their adjusted gross income. If you are age 65 and older you may still deduct total medical expenses that exceed 7.5% of your adjusted gross temporarily but that ends in 201If your expenses are right on the borderline, you may want to take care of any pending medical services and appointments now, so you can boost your deduction for 201If your expenses were too low to claim the medical expense deduction for 2014, consider postponing discretionary services a few weeks into the New Year..Should Medicare change from a program that guarantees coverage for a fixed set of benefits, to one that guarantees a fixed federal payment to cover a portion of beneficiaries' healthcare expenses?.Senate Appropriators Approve Funding Bill.Changes are looming for Medicare and Social Security. Make your opinion count. Visit TSCL online at and take our monthly poll!.I remain committed to determining the causes of rising drug prices and identifying potential solutions to reduce costs for American families. Everyone deserves access to health care that will improve their lives. Health care is a right, not a privilege, and I pledge to do all I can to protect this right..insurers have hiked premiums so high that policyholders have been forced to drop

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TSCL is working to develop legislation that would ensure greater retirement security for older Americans by providing a modest boost in benefits. TSCL believes that a boost can be provided if Congress would raise the taxable maximum earnings that are subject to Social Security taxes - requiring all workers to pay their fair share..Congressional Recess Begins.In 1977 Congress changed the formula for computing Social Security benefit amounts - a change that led to seniors who were born 1917 through 1926.What Is The ‘Notch'? The term “Notch” refers to the disparity in Social Security benefits paid to people born from 1917 through 1926 and those paid to people born before and after them with similar work/earnings records. Many of those born during the Notch period feel they have not been treated fairly and are not receiving the benefits that.Frequently Asked Questions About TSCL The Social Security Notch Issue What is TSCL? … Continued

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There's no doubt Democratic lawmakers would like to do these things because they campaigned on them last year and this would be the last chance to pass them this year. Because next year is an election year it is very unlikely any significant progress would be made then..Reduces the costs of your drugs..Around 20% of Medicare beneficiaries are also enrolled in Medicaid and receive help from the program to cover long-term nursing home stays. The BCRA would cut Medicaid by more than 0 billion and cap federal spending on the program. How will you ensure access to nursing home care, and can you guarantee that older Americans will not be forced out of skilled nursing facilities due to funding cuts? … Continued

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