"Social Security Administration Actuarial Score," HR. 1314, Stephen Goss, Social Security Administration Office of the Actuary, October 27, 201"Time To Close A Social Security Loophole?" Alicia H. Munnell, Market Watch, March 19, 2014..By Mike Watson, TSCL Legislative Assistant.Social Security disability benefits are financed through the taxes paid by workers and their employers on earnings up to a cap of 7,000. Of the 6.2% that each pays, 0.9% goes to Disability Insurance and the rest goes to pay retirement and survivors benefits..This week, two new cosponsors Reps. David Cicilline and Steve Cohen signed on to the SAVE Benefits Act, which was recently introduced by Rep. Alan Grayson in the House. If signed into law, the bill would give Social Security beneficiaries a 3.9 percent COLA next year instead of the zero COLA they are expected to receive. It would cover the cost of the emergency COLA and extend the solvency of the Trust Funds by closing a loophole that allows corporations to deduct bonuses for CEOs from their taxes..This week, the Social Security Administration announced that beneficiaries will receive a 0.3 percent Social Security cost-of-living adjustment in 201In addition, the congressional recess continued for lawmakers in the House and Senate..senior who hadn't seen a doctor in years, despite being a smoker. It took some."The side effects of the drug, to be sold as Aduhelm by maker Biogen, are troubling and the cost is staggering, at ,000 per year 'forever,' doctors told STAT. More than one-third of trial participants developed brain swelling and 17% to 19% had small bleeds in their brains.".This week, the American Health Care Act continued to advance through the House, and lawmakers in the Senate voted to confirm Seema Verma as the new administrator of the Centers for Medicare and Medicaid Services..Tying the annual cost-of-living adjustments to the Consumer Price Index for the Elderly. We expect this change would pay a COLA that's about.25 percentage point per year higher and would boost average benefits about per month by the end of a 20-year period.

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This week, Congressman John Garamendi introduced legislation that would base Social Security cost-of-living adjustments on a more accurate measure of inflation. In addition, The Senior Citizens League announced its support for a bill that would make the Social Security program more equitable for public servants..Coming Months Could be the Roughest Yet.The President's order halts the collection of Payroll taxes from Sept. 1 through the end of the year. In addition, he instructed the Treasury Department to look into how the government can forgive the deferred tax payment permanently because as things stand right now the taxes must be repaid after the first of the year. … Continued

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Any Toll Free call to Congress on the number will be paid for by The Senior Citizens League..Prohibiting DI and Unemployment Insurance "double-dipping." No laws currently exist to prevent individuals from receiving both disability and unemployment benefits at the same time, even though eligibility rules for the two programs are mutually exclusive. Prohibiting "double-dipping" is a sensible step forward that would save nearly billion over 10 years..TSCL delivered letters to Congress this week urging lawmakers in the House and Senate to become cosponsors of the bill, and to sign it into law before the end of this year. For progress updates on the CPI-E Act, visit the Bill Tracking section of our website or follow TSCL on Twitter. … Continued

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