The Senior Citizens League believes Congress must address the loss of buying power by adopting the Consumer Price Index for Elderly Consumers Act. If signed into law, H.R. 1251 would base the COLA on the more fair and adequate CPI-E. Currently, COLAs are based on the Consumer Price Index for Urban Wage Earners, and they fail to keep pace with the inflation experienced by older Americans since goods like gasoline and electronics are weighted more heavily than health care and housing costs..Changes are looming for Medicare and Social Security. Make your opinion count. Visit TSCL online at and take our monthly poll!.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..Congress Adjourns for Summer Recess.The reception by the Members of Congress was phenomenal. Meetings were held with Rep. David Davis, Rep. Ed Perlmutter, Rep. Doug Lamborn, Rep. John Sarbanes, Rep. Dan Boren, and Rep. Bruce Braley..Firstly, the Senior Security Act will create a Senior Investor Taskforce at the SEC that will exclusively focus on how seniors are being targeted by fraudsters and those who seek to take financial advantage of them. This new Taskforce will identify challenges that senior investors encounter and will identify areas within the SEC or other organizations where senior investors would benefit from changes. The Senior Investor Taskforce will also coordinate with other offices within the Commission and the Elder Justice Coordinating Council. When appropriate, the Taskforce will consult state securities and law enforcement and state insurance regulators to ensure we're all doing as much as we can, at every level of government, to stop this..Reps. Brad Miller, Frederica Wilson, Laura Richardson, Jim McDermott Robert Andrews, Sam Graves, Jim Gerlach, Madeleine Bordallo, Patrick Meehan, Jon Runyan, and Leonard Lance signed on to Rep. Howard McKeon's H.R. 133The co-sponsor total is at 145..The tax cut, which reduced the Social Security payroll tax for employees from 6.2 percent to 4.2 percent, makes the Social Security trust funds reliant on general revenues and undermines the self-funding nature of the program. Social Security is funded by payroll taxes, and currently faces a billion cash-flow deficit. Extending the tax cut could exacerbate the program's funding issues..for home care, adult day care, as well as assisted living and nursing home care.

Report Section Putting Medicaid In The Larger Budget Context An In Depth Look At Three States In Fy 2017 And Fy 2018 West Virginia

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..Higher taxes and reductions to benefits are expected to top the discussions of the next Congress. If we intend to protect our Social Security and Medicare benefits, it's going to be up to us to play a major role in crafting the solution. We're out of time for partisan stand offs. This is not an "us versus them" situation. This is a "we" as in "we are all in the same boat." Please join TSCL in helping to be part of the solution. To learn how you can take part click the links to: sign a petition, make a donation, or become a member of TSCL..According to Michael Astrue, the Commissioner of Social Security, the report "contains troubling, but not unexpected, projections about Social Security's finances." Income including interest to the combined OASDI Trust Funds totaled 5 billion in 2011, while total expenditures amounted to 6 billion. Non-interest income fell below program costs, however, and should continue to do so through the remainder of the 75-year period. The Trustees estimated that 158 million people paid Social Security payroll taxes in 2011, while approximately 55 million collected Social Security benefits. … Continued

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For updates on the drug importation issue, follow TSCL on Twitter or visit the Legislative News section of our website..He purchased it on his first trip to the dealership after receiving an offer in the mail of payments of a month. Instead of a payment that low, though, he wound up owing 0+ a month for five years. His auto loan charges 18% interest. My brother couldn't pass a credit check from a legitimate lender. He's had numerous problems with debt collectors over the years, although he and his wife still own their home with no mortgage now. Do you have any advice?.Thank You Anyway, I'll Just Keep Working A Little Longer … Continued

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