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This week, the House Ways and Means Committee held a four-day markup to work on comprehensive tax reform legislation called the Tax Cuts and Jobs Act. The bill, which was released by Republican leaders in the House last Thursday, would consolidate the existing individual tax brackets from seven to four, double the standard deduction for taxpayers, permanently reduce the corporate tax rate, cap home mortgage interest deductions, and limit deductions for state and local taxes, among many other things..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?.The Senior Citizens League supports legislation that would require a minimum COLA of no less than 3 percent, even in years when inflation falls below that amount. "Strengthening the COLA," Johnson says, "would help slow the drain of drain of retirement savings and help keep older Americans out of poverty." To learn more, visit..To qualify, you must meet your state's income and asset guidelines. You may qualify if your income in 2012 was at or below the income and resource limits listed below..policy for decades, look for an insurer that gets top ratings from companies.If your employer has less than 20 employers, beware. By law Medicare is the "first payer" of health insurance policies of small companies. This means you and your wife will need to enroll in Medicare in order for your healthcare claims to be covered. If you work for a company with less than 20 employees and try to file a claim, your insurer can deny it because Medicare is supposed to pay since you are Medicare-eligible. Because you and your wife are over 65, the government considers you Medicare-eligible, whether you have enrolled or not..Almost 70 percent of beneficiaries depend on Social Security for 50 percent or more of their income. Social Security is the sole source of income for 15 percent of beneficiaries..A new analysis from The Senior Citizens League of 12 frequently - prescribed drugs illustrates that Medicare recipients frequently overpay for their medications. "Because Medicare doesn't negotiate drug prices there are wild swings in prices between Part D drug plans," says Mary Johnson, The Senior Citizens League's Medicare and Social Security policy analyst. The difference in cost for the same drug between drug plans can be in the thousands of dollars for the most expensive drugs, and hundreds of dollars for more common prescriptions. Since the start of Medicare Part D in 2006, Johnson has volunteered to help friends and acquaintances shop for Part D plans..Federal Government Moves to Guarantee Access to Drugs