To help make the right saving and distribution decisions, get professional advice from professional financial advisors..The bill caps the Part B premium increase for next year at the 2020 amount plus 25% of the difference between the 2020 amount and a preliminary amount for 202The preliminary amount would be calculated the same way that it would have been without the bill, but would prevent dramatic increases that may have occurred as a result of Medicare Part B premiums growing when the COLA is so low..Addressing the Social Security Trust Fund shortfall by increasing both the amount of wages subject to taxation and, increasing the payroll tax rate. The bill would immediately tax wages above 0,000. That threshold would not be adjusted annually, and the current law maximum of 2,900 would continue to increase as scheduled, slowly closing the gap, until all covered earnings would be subject to payroll taxes by 204The bill would raise the payroll tax rate 0.1 percentage point per year until it reached 14.8% - 2.4% higher than today. Currently employees and employers each pay 6.2% for a total of 12.4%..Members of Congress and candidates frequently schedule town halls. Voters get an opportunity to ask questions and to learn the candidates' positions on key issues. Be prepared by having questions in hand when you attend. Here are some ideas:.On Wednesday, with a vote of 236-191, lawmakers in the House passed a .7 billion spending bill that would fund DHS through the remainder of the fiscal year. They also passed five amendments to the bill that would address President Obama's recent immigration orders..According to the three Senators, under current law, the administration has the authority to allow pharmacists and wholesale retailers to import prescription drugs from Canada, where medicines are often half the price. The administration also has the power to issue an executive order that would allow individuals to import prescription drugs from Canada for their own personal use..It is possible there could also be another emergency spending bill or, as we reported above, even a full-blown stimulus to try and keep the economy going..They also hope to include prescription drug price reductions in this legislation, something most Republicans have so far refused to support and which the drug industry is spending million in lobbying efforts to stop..Does TSCL.Notch Bulletin: How Much Less Do Notch Babies Receive? Recently one of our readers asked “Is there a percentage as to how much less NOTCH BABIES receive monthly?” Although not many studies exist, according to one study of average earners born from 1917 through 1926, the disparity in benefits with other retirees seems to average about 26%.
