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" The new Obama Administration policy is opening Social Security to as many as 1.2 million non-citizens who won't even have legal status, " Hyland says. This is occurring at the same time Congress and the President are debating major reforms that would cut the Social Security and Medicare benefits of U.S. senior citizens who paid into the system the legal way," he adds. TSCL supports the "No Social Security for Illegal Immigrants Act", introduced by Representative Dana Rohrabacher, which would ban the use of earnings for jobs worked while illegal to be used to determine entitlement.."It's about time," states Johnson. At the time of passage of the Affordable Care Act, this tax was widely referred to as a "Medicare" tax in the media, by tax and investment professionals, and, many lawmakers sold it to the public that way. "Now those revenues are needed by the Medicare Part A Hospital Insurance Trust Fund," says Johnson. Part A is three years from insolvency and faces an estimated funding gap of more than 5 billion over the next ten years..They don't mind paying for Social Security because they value it for themselves..Here are tips to help you maintain your oral health without depleting your budget:.Why is it so Hard to Lower Prescription Drug Prices?.The most recent data from the Social Security Administration indicate that, in recent years, the ESF grew at an unprecedented pace. Cumulative wages held in the ESF since 1990 now total more than ,022.5 trillion, unadjusted for inflation. A significant portion of these wages could later be claimed and re-instated to valid SSNs if immigrants working illegally gain work authorization and have kept copies of their W2s or other evidence of earnings. Because earnings are used to determine entitlement, this poses a substantial long-term liability to the Social Security Trust Fund and would worsen solvency..When the average person measures cost changes, one compares the change in the cost of a specific item like a gallon of home heating oil over a specific time frame. For example, the national average cost of home heating oil was .15 per gallon in the first week of January 2000. In the first week in January, 2013 it had increased to .00 per gallon - an increase of .8That's a total increase of 257% over 13 years..Lower than expected payroll tax revenues. Payroll taxes account for roughly 89% of Social Security's financing. But in 2020, businesses nationwide temporarily shuttered due to emergency stay at home orders. In addition, widespread layoffs, reductions in work hours, and job losses resulted in the collection of fewer payroll tax revenues. Emergency legislation that was passed last year allowed employers to even temporarily defer payment of Social Security payroll taxes until December of 2022 to help companies shore up cash flow and stay in business. While the job market is getting back on its feet again in 2021, unemployment is still higher than it was prior to the pandemic, and payroll tax revenue has not yet returned to pre-pandemic levels..The hold harmless provision protects people who have their Medicare Part B premiums automatically deducted from their Social Security payments. If the Medicare Part B premium increase is greater than the amount of the COLA increase, then the Part B premium will be frozen to prevent a reduction in Social Security payments. The provision does not apply to new enrollees in 2016, people who pay their Medicare Part B premiums by check, low-income beneficiaries who have their Medicare premiums paid for by state Medicaid programs and high income people who pay premium surcharges.