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On Wednesday, the Senate Finance Subcommittee on Social Security, Pensions, and Family Policy met with four expert witnesses to discuss several options for strengthening the Social Security Program. Chairman Sherrod Brown opened the hearing by saying, "A few years ago … all of the conventional Washington wisdom was that we would have to cut the program. Today, not only are cuts to Social Security deeply unpopular, but we are now debating how much we need to expand the program.".Social Security Benefits Slowed Amid COVID-19 Deaths..To find contact for your Members of Congress or to sign a petition, visit the ACTION CENTER of our website. To find information on key bills and issues, click HERE..Find out if your drug plan offers mail order: If your drug plan offers mail order you can often significantly cut your costs by using it. Generally, mail order requires a 90- day prescription, but often your cost is the same as what you would pay for a 60-day supply from a retail pharmacy..Which costs are rising fastest for you? Take TSCL's annual Senior Survey, visit..One of the first tax cuts to expire under the recent tax law is likely to disproportionately affect older taxpayers and others with the highest healthcare costs starting in 2019, says The Senior Citizens League. "The medical expense deduction will become less generous in 2019, and that is likely to affect older taxpayers, because they tend to have high medical expenses," says Mary Johnson, a Social Security policy analyst for The Senior Citizens League. "A less generous healthcare cost deduction could mean higher taxable income next year," she cautions..Refinancing can be a good way to reduce your monthly mortgage payments but doing so generally means you extend the pay-off period of your loan and spend more money on interest up front. Choosing a 15 - or even 10 - year loan can save you money on interest, but the monthly payments will be higher and potentially harder to sustain over time..For more information about scams in your area see the Better Business Bureau's Scam List.

State Legislatures Magazine Staff Snapshots Rachel Weiss Magazine2021
Inflation data through April suggests that the annual cost-of-living adjustment for 2020 could be very low, perhaps 1.2%. Even though Social Security recipients received the highest COLA since 2012 this year - 2.8% - COLAs have averaged a meager 1.4% over the past decade. That's an unprecedented low rate of growth in Social Security benefits for an unprecedented period of time. From 1999 to 2009, COLAs averaged more than twice that rate of increase, at 3% per year..however, my client was able to save ,080 in uncovered out-of-pocket drug costs.Failing To Lift The Debt Limit Would Put Social Security Checks On Hold … Continued

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This week, budget conferees released their fiscal 2016 blueprint, and lawmakers in the House voted in favor of it. In addition, The Senior Citizens League announced its support for one new piece of legislation the Protecting and Preserving Social Security Act..may tend to lower your tax bill later, by reducing the required minimum distribution amount that you must take in order to avoid tax penalties after age 70 ½. Large required minimum distributions could also trigger taxes on up to 85% of your Social Security benefits in addition to a surcharge on your Medicare Part B and Part D premiums..Doesn't Social Security pay money to many people who are not really paying into it? - L.V. … Continued

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