However, as you may already suspect, that's not necessarily the way our government calculates the change in price. The federal government doesn't simply calculate the difference in cost of navel oranges from one period to another. If another type of orange, such as Valencia is priced lower, at .39 per pound in June when navel oranges are .49, then our government assumes you buy the lower-cost orange, whether or not you actually do so. The price change from .39 in December of 2018 for the navel oranges to .39 in June of 2019 for the Valencias would show no price increase at all for oranges. It would show prices are flat, and that would be reflected then in the overall CPI. One obvious problem is the fact that consumers can't always readily substitute lower-costing items in certain expenditure categories, especially for things like medical services and prescription drugs..This week, TSCL's legislative consultants, Former Congressman David Funderburk and Mrs. Betty Funderburk, along with TSCL's legislative analyst, Jessie Gibbons, held meetings on Capitol Hill with Members of Congress and their top staff..Once the committees finish their work, those in the House will vote on the bill drafted in their chamber, and those in the Senate will vote on theirs. Lawmakers will then be tasked with reconciling the differences between the two. As was mentioned last week, through the budget reconciliation process, the ACA could be repealed by the end of the month with a simple majority in the Senate..Someone tries to tell you there's a fee for the new Medicare card. There is no fee for the card. Never give out your credit card or bank account number to anyone..The Social Security 2100 Act, introduced by Representative John Larson and currently under consideration in the House, would replace the two-tier income threshold system with a single set of thresholds - 0,000 for joint filers and ,000 for single filers. The bill would subject as much as 85% of Social Security benefits to taxation as under current legislation..Have health insurance coverage. If you are under the age of 65 and didn't have health insurance for some or part of 2014 you may have to pay a tax penalty. For people who don't have Medicare or Medicaid, the penalty for not having coverage is the greater of 1% of your annual income, or The penalty is rising in 2015 to the greater of 2% or 5 per person..To contact Social Security, you may call toll free at or visit the website at..The government negotiates prescription drug prices for veterans and Medicaid beneficiaries, but it is barred from negotiating lower prices for Medicare beneficiaries. As a result, seniors enrolled in Part D often pay much higher prices than other Americans for their prescription drugs. What are you doing to correct this unfair policy?.In addition, one new cosponsor Rep. Marcia Fudge signed on to the Social Security Fairness Act, bringing the total up to one hundred and twenty-one. If signed into law, the Social Security Fairness Act would repeal the Government Pension Offset and the Windfall Elimination Provision two federal provisions that unfairly reduce the earned Social Security benefits of millions of teachers, fire fighters, peace officers, and other state or local government employees each year.

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I have proudly introduced this important legislation every single Congress since coming to the House of Representatives in 201Despite having over 100 bipartisan cosponsors each Congress, the bill has received little attention from House leadership. In September 2018, myself and my colleague, Representative Garret Graves offered this bill as an amendment to the Family Savings Act, which was part of Representative Kevin Brady's "Tax 2.0" package. Then in May of 2019, we offered the legislation as an amendment to H.R. 1994, the Setting Every Community Up for Retirement Act which passed the House 417-Unfortunately, both times, the amendment was defeated in the House Committee on Rules..At least one participant, CVS Health, plans to begin offering vaccinations to "eligible populations" using doses from the federal program on the first day, Feb. 1The pharmacy chain expects to receive about 250,000 doses that will be rolled out at approximately 330 stores across 11 states including California, Texas, Virginia, and New York..The Social Security Trust Fund is the single largest holder of U.S. debt. In the past, when more payroll taxes were received than required to pay benefits, the surplus was by law, used for other purposes. The federal government accounted for borrowing the funds by issuing I.O.Us from the U.S. Treasury to Social Security or Medicare Trust Funds. In recent years, the program's financing reversed and now both Social Security and Medicare Trust Funds are paying out more in benefits than money coming in. Both now rely on drawing down the interest and then the I.O.Us. But when the rest of the federal budget is in deficit, the government must borrow to pay Social Security and Medicare benefits. And according to a growing number of economists, those borrowing days are numbered. … Continued

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Petition to Congress: A Fair Cost of Living Adjustment for Social Security Benefits.Distributions from your 401 are different. If you paid into the 401, you can exclude part of each payment you receive from taxable income as a recovery of your investment. Your total investment cost includes everything you paid and also includes amounts your employer contributed that were taxable to you when paid. But like all things having to do with taxes, the IRS has pages of mind-bending rules and instructions about how you determine the taxable portion of your distribution..With my first bill, the Save Social Security Act, we are keeping our promise to our seniors and strengthening Social Security. This legislation eliminates the Social Security tax break for people making over 0,000 a year, while maintaining it for income earned from the current cap of 7,200 up to 0,000. This is a fairer way to extend the life of the program. In fact, the Chief Actuary of the Social Security Administration found that my legislation would extend the program's solvency for another 30 years, keeping it on firm financial footing through 206At that point, it would also close 2/3 of the remaining gap, allowing Social Security to still pay 90 percent of benefits. … Continued

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