Sneeze And Tissue Alert Major Allergy Season AheadTSCL agrees with Congressman Garamendi, and we hope to see his CPI-E Act signed into law before the end of the 115th Congress. For more information on H.R. 1251, visit the Bill Tracking section of our website. To read The Senior Citizens League's Loss of Buying Power study, click HERE..A controversial "Medicare" tax on net investment income that was signed into law shortly after passage of the 2010 Affordable Care Act is expected to once again come under debate according to The Senior Citizens League. "During the battle over The Affordable Care Act, a new source of funding - a 3.8% Medicare Net Investment tax was enacted - presumably as means to strengthen Medicare funding," says Mary Johnson, a Medicare policy analyst for The Senior Citizens League. "But the truth is those revenues, which the Joint Committee on Taxation estimates to be .5 billion for 2021, never actually made it into the Medicare Part A Trust Fund," she says.".TSCL believes that both positions would have a significant impact on the future of Social Security, and we urge Democrats and Republicans on Capitol Hill to work together in the months ahead to strengthen and modernize the program responsibly. Throughout the 115th Congress, our legislative team will continue to advocate with a nonpartisan voice for policies that would secure the solvency of the Social Security trust funds, make the program more fair and equitable, and avoid harsh benefit cuts for current and future retirees. … Continued
Healthy Meals For Neighbors In NeedThe study examined the increase in costs of 39 key items between 2000 and January 201The items were chosen because they are typical of the costs of most Social Security recipients, and include expenditures like the Medicare Part B premium, that are not measured by the index currently used to calculate the COLA. Of the 39 items analyzed, 25 exceeded the percentage of increase in the COLA over the same period. "This study illustrates why legislation is needed to provide a more fair and adequate COLA," Johnson says. "To put it in perspective, the same 0 worth of groceries that a retiree household could buy in 2000, can only buy worth today," Johnson adds..President Obama and House leadership are discussing support of a more "limited approach" to immigration reform. Under discussion is a plan to grant illegal immigrants limited legal status by providing the right to work in the U.S., but not citizenship..Social Security benefits have lost 34 percent of buying power since 2000, according to the 2018 Social Security Loss of Buying Power Study recently released by The Senior Citizens League. This is the biggest loss of buying power recorded since 2012, and that was the biggest loss that The Senior Citizens League's study has recorded to date. … Continued