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..Health, fitness, and wellness programs.Those who testified at Wednesday's hearing made several practical recommendations to those on the Subcommittee. Ms. Zahm told lawmakers that administrative law judges would work more effectively with additional support staff. She said: "Give my judges a clerk and two attorneys and we can go to town [on the DI backlog]." Other witnesses suggested common-sense solutions like eliminating arbitrary deadlines that cause confusion for claimants who are not represented by attorneys that would make the application process more straight-forward. Several witnesses also requested more adequate funding for the Social Security Administration. Ms. Disman told the Subcommittee members, "You could certainly say that with more funding we could do more.".TSCL encourages you to stay informed and ask questions about any and all issues that matter to you! Our site offers information on how to contact your Member of Congress, weekly and monthly legislative updates, petitions, and congressional responses to our petitions. Simply click on the links on the right-hand side of your screen..TSCL will continue to keep a close eye on the evolving immigration negotiations, and we remain hopeful that in the very near future, lawmakers will consider loophole-closing legislation that would prevent Social Security credits from being earned by work done illegally. For updates on the discussions, visit the Legislative News section of our website..I'm going to keep fighting to pass this bill. I'm also going to continue working to strengthen and expand Social Security going forward. The fact is, Social Security has a .9 trillion surplus. If we do nothing, Social Security will be safe for the next 17 years. With some modest adjustments, we can keep the Social Security system solvent for many more years and even increase benefits..First, the Social Security 2100 Act gained one new cosponsor in Representative Diana DeGette, bringing the cosponsor total to 17If signed into law, H.R. 1902 would strengthen Social Security benefits by make cost-of-living adjustments more adequate, increasing monthly benefits by 2%, creating a new Special Minimum Benefit equal to 125% of the poverty line, providing a tax cut to Social Security beneficiaries, applying the payroll tax to annual income over 0,000, and gradually increasing the payroll tax rate by 0.25%..Develop a second career or sideline income - Turn your passion.Can You Explain the Pros and Cons of Switching to a Medicare Advantage Plan?

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But our fight to protect seniors doesn't stop there. My bill also ends the nonsensical practice of "double taxation" on Social Security benefits for middle class seniors. Currently, many seniors pay taxes when they receive their Social Security benefits, even though they were taxed to create those benefits throughout their working lives. That's wrong! Providing a tax cut to middle class seniors while increasing the sustainability of Social Security is something everyone in Congress can and should agree on..The Republican platform assures current beneficiaries and those nearing retirement that their benefits will remain untouched, and that all changes to the program will aim to preserve the solvency of the Social Security trust funds. It explicitly states that all plans to increase tax revenues like the increase in the payroll tax cap that the Democrats proposed will not be supported. It states, "As Republicans, we oppose tax increases and believe in the power of markets to create wealth and to help secure the future of our Social Security system."."But all bets would be off if the current payroll tax system is eliminated, or changed to something else," Johnson says. Getting rid of the payroll tax raises a great many questions as to how benefits would be calculated. Currently, retirement benefits are calculated on the 35 years of highest earnings. "Because wages tend to grow over time, replacing the current system with something else could mean lower benefits," Johnson points out. … Continued

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This week, lawmakers returned to Capitol Hill to begin the "lame duck" session of Congress. Those in the Senate plus Republicans in the House held leadership elections for the 116th Congress. In the Senate, key leadership positions will remain largely unchanged in 201Senator Mitch McConnell will once again serve as the Senate Majority Leader, while Senator Chuck Schumer will remain the Minority Leader in the 116th Congress..Several provisions within the H-CARE act include; increasing payments to Rural Health Clinics, authorizing to million annually for grants to rural providers to help with the cost of implementing health information technology, requiring prompt payment to rural pharmacies by Medicare prescription drug plans and ensuring that rural Americans are appropriately represented on the Medicare Payment Advisory Commission..This year, Social Security beneficiaries are receiving a COLA of just 0.3 percent, and in 2016, they received no COLA at all. Since 2012, COLAs have averaged 1 percent less than half of the 3 percent average during the decade prior but most beneficiaries have seen no benefit increase at all in several years due to rising Medicare Part B premiums. … Continued

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