To help protect the buying power of earned benefits, The Senior Citizens League is fighting proposals to cut COLAs. TSCL has developed an online calculator for the public to learn how much a COLA cut would cost in Social Security income. Visit seniorsleague.org/chained-cola-calculator/..The new cosponsors are: Sen. Jack Reed, Reps. Mark Takano, James Langevin, Ed Whitfield, Patrick Meehan, William Keating, Duncan Hunter, Anna Eshoo, Sam Farr, Raul Grijalva, John Larson, Billy Long, Michael Honda, David Price, Daniel Lipinski, Jan Schakowsky, Rosa DeLauro, and Ed Royce..Accelerate retirement account distributions when you have excess deductions. If your standard deduction will exceed your taxable income this year, consider withdrawing a little more retirement funds if you will need them this year. Doing so when you have a low or even a zero tax rate will potentially help you avoid paying more in the future when your deductions are lower or taxes rates are higher..Notch Reform is far from being over though. Officially there are more co-sponsors of "The Notch Fairness Act" than ever before at the end of the first year of a session of Congress and support is ahead of last-sessions record-breaking numbers. With enough co-sponsors signed on, TSCL and the grass roots can help force the bill to the floor for a straight up and down vote. We urge you, and the families of all Notch Babies, to contact your Members of Congress. Ask them to co-sponsor H.R. 615, and enact "The Notch Fairness Act.".Thank you for signing a petition organized by The Senior Citizens League on various issues dealing with Social Security that are important to our nation's elderly. As a Representative of one of the largest number of Social Security recipients in the Congress, please know that I will always work to ensure that those who rely on this program have access to the benefits they have been promised. Making certain that this safety net for our seniors remains fiscally secure in the future is a very serious matter that needs to be lifted above any partisan fray and dealt with in a responsible bipartisan manner that benefits young and old Americans alike.."Chaining" COLAs Still Under Consideration.We will all know if they were able to reach and agreement and get their job done by the end of this coming Friday. However, President Trump's position on this is not clear. While Treasury Secretary Mnuchin has been in on the discussions of the legislation the President has not said where he stands..To learn more about what you may itemize and how much you can deduct, visit and download instructions for Schedule A Form 1040 Itemized Deductions..The bill would provide seniors with vision benefits in 2022, hearing benefits in 2023 and some dental benefits by 202Progressives are pushing for an earlier start to the dental benefits and that the government increase its share of the cost, which ramps up to 50% by 2032.

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Gradually Raising the Payroll Tax Cap: The payroll tax cap has not kept pace with changing income patterns over the past few decades, so it makes sense to adjust the maximum taxable wages to realign them with the originally intended level. Gradually raising the cap to cover 90 percent of the nation's taxable earnings by 2050 would allow it to once again represent the same percentage of that figure that it did as recently as the early 1980s..TSCL Releases 2018 Loss of Buying Power Study.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. … Continued

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One of the amendments would cut off funding for all of the immigration orders that President Obama has put forth since 2011, including the November order that lifts the threat of deportation for as many as 5 million illegal immigrants. Another amendment would stop the implementation of the Deferred Action for Children Arrivals Program, which currently allows illegal immigrants who came to the United States as children to obtain temporary work permits..Coming Months Could be the Roughest Yet.Social Security is one of the foundations of our nation and it is based on the principle that if you work hard and play by the rules you will have the stability and security of guaranteed income in your older years. For 75 years, Social Security has been a critical safety net for our nation's seniors and it should be preserved for generations to come. For these reasons, I will keep fighting to provide an accurate measure of inflation for our senior citizens and to strengthen the program. … Continued

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