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By Representative Josh Gottheimer.According to Rep. Deutch, the bill would extend the solvency of the Social Security trust funds for decades into the future by ensuring that the wealthiest Americans contribute to the program at the same rate as everyone else. Upon its introduction, he said, "Currently, most Americans contribute 6.2 percent of every paycheck they earn to Social Security, while a corporate lawyer earning 0,000 pays an annual rate of just 1.71 percent and a CEO earning million pays an annual rate of just 0.003 percent.".One of the key issues discussed was the growing concern surrounding the possibility of the Totalization Agreement between the United States and Mexico being signed by the President. If this happens, Congress would have a limited amount of time to actually review the Agreement. If Congress decides not to take any action, the Agreement would automatically go into effect..This is the type of question that you should discuss with a professional financial advisor and a tax professional..The I.O.U.s in the Social Security Trust Fund are a special type of non-marketable bond issued by the U.S. Treasury when excess revenues are received. The cash revenue that isn't needed to pay benefits is "borrowed" and used for other government spending. By law, the I.O.U.s held by the Trust Fund pay interest, and that forms an additional source of income - on paper, at least..TSCL receives hundreds of comments like this from Notch Babies and their families. Substantial numbers of Notch Babies believe Congress is waiting for the Notch problem to die with them. Yet Members of Congress are continuing to add their names to legislation that would correct the Notch..Will the program ban payment of benefits based on unauthorized earnings by undocumented immigrants under invalid Social Security Numbers?.But the transitional formula failed, and in most cases, the new benefit formula abruptly kicked in. Extreme inflation that climbed to 14.3% in 1980 magnified the disparities. When the benefits are illustrated on a bar graph, they show a deep "V" Notch..Those people include Barbara B. - a retired home healthcare aide who lives in the Indianapolis area. "We're due for the increase," she says. But rising Part B premiums will likely take her entire COLA, leaving her with no increase at all in her net operating Social Security benefit again in 2018.