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Minor or disabled child's benefit based on a living or a deceased parent's account..Subcommittee Chairman Sam Johnson explained the origin of the issue in his opening statement, saying: "Both the House and Senate wanted to modify the benefit formula for those workers who spent part of their careers not paying Social Security taxes. I guess it should come as no surprise that the House and Senate didn't agree on the numbers … As tends to happen here they ended up somewhere in the middle.".About 4 million people who turn age 61 this year are in for a deep hit to their Social Security benefits when they retire. The initial retirement benefits of these individuals may be permanently reduced by about 9.1%, according to an estimate by Social Security's Chief Actuary. Without quick remedial action from Congress, the retirement benefits of people born in 1960 would be lower than the benefits of people with identical earnings and retirement histories who were born just one year prior to them. This is due to a flaw in the Social Security benefit formula..Some agree with the President's stimulative plans, however, many on Capitol Hill have aggressively opposed the extension. House Budget Chair Paul Ryan has been particularly outspoken about the tax holiday, referring to it as "sugar-high economics," and preferring instead a plan that includes comprehensive tax overhaul..The twenty-nine member budget conference seemed to reach a standstill this week. Three weeks remain before the official December 13th deadline, but House and Senate appropriators requested a top-line spending number before November 22nd the start of the week-long Thanksgiving recess and the conferees failed to deliver..I realize that tonight when I go to watch TV, I'll be looking for the remote, but I won't remember that it's on the kitchen table, so I decide to put it back in the living room where it belongs, but first I'll water the flowers..Early in the summer, I spent an afternoon at one of two critical access hospitals in my district in Southeastern Ohio. It's a hospital with just 25 beds and an Emergency Department no larger than many families' kitchens. Still, every year the doctors and nurses there care for more than 2,000 inpatients and treat an astonishing 50,000 outpatients..By US Representative Dennis A. Ross.Trustees tend to report the financial condition of the combined Social Security Trust Funds, including the one that pays retirement benefits, as solvent until 203But there are actually two separate Trust Funds with separate accounting. One Trust Fund cannot borrow or receive reallocated payroll taxes from the other without legislative action from Congress - a short - term fix that Congress has relied on 11 times in the past.