Tag Income And AssetsCan the legislation be fixed in order to prevent this from happening? TSCL strongly believes that the cost of providing relief for the taxation of Social Security benefits can be worked out, if there's a will in Congress to make it happen. Provisions can be tweaked and phased in to make the budget math work. Your input at this point is critical. We urge you to write or call your Representative and ask him or her to help move this legislation that would boost your Social Security benefits, provide a slightly higher COLA, and provide a modest tax cut for millions of retirees with modest benefits..As negotiations continue over the coming days, TSCL will continue to monitor them closely and encourage lawmakers to avoid another shutdown on December 11th, since it would likely have a negative impact on Social Security and Medicare benefits. For updates, visit the Legislative News section of our website..The federal government negotiates prescription drug prices for Medicaid and for veterans, but it is not allowed to negotiate lower prices for Medicare beneficiaries. Do you support this policy? … Continued
Financial Services And Commerce The Fundamentals Of Risk Management And Insurance WebinarWhile some view Social Security's retirement program as relatively easy to reform, Social Security's disability program is a very complex operation which has been notoriously difficult to change. Past efforts to reform the disability program have led to vast administrative difficulties as well as public outcries. On the other hand, the retirement program's reform efforts have faced fewer administrative difficulties. Part of the problem is determining what constitutes a disability. For that reason, and others, reform of the retirement program is discussed on Capitol Hill more often, while reform of the disability program seems to fly under the radar..I have proudly introduced this important legislation every single Congress since coming to the House of Representatives in 201Despite having over 100 bipartisan cosponsors each Congress, the bill has received little attention from House leadership. In September 2018, myself and my colleague, Representative Garret Graves offered this bill as an amendment to the Family Savings Act, which was part of Representative Kevin Brady's "Tax 2.0" package. Then in May of 2019, we offered the legislation as an amendment to H.R. 1994, the Setting Every Community Up for Retirement Act which passed the House 417-Unfortunately, both times, the amendment was defeated in the House Committee on Rules..Efforts are quietly underway to lay the groundwork for a far-reaching fiscal deal that involves Social Security cost-of-living adjustments and Medicare benefits. White House officials and Senate Republicans have met in a series of private sessions in recent months. In his fiscal year 2014 budget, President Obama proposed reducing the growth in COLAs as well as raising Medicare premiums, reducing benefits of higher income seniors and increasing the Medicare eligibility age. Everything is still on the table, the pressure point being the debt limit. The government is expected to hit the debt limit ceiling the statutory borrowing limit - sometime this fall. … Continued
