Rep. Elijah Cummings introduced H.R. 3513 on September 10, 201It has since been referred to the Committee on Energy and Commerce and to the Committee on Ways and Means..H.R. 1030 has been referred to various committees including the House Ways and Means Committee for further consideration. In an effort to be of all possible assistance to you, I have taken the liberty of sharing your support for this legislation with my colleagues on the committee. As they continue to review the Consumer Price Index for Elderly Consumers Act, you can be sure they will keep your views in mind..Never provide your Social Security number, credit card, or banking information to anyone requesting it over the phone or at your home..If the Social Security cost-of-living adjustment were based on a more accurate measure of inflation for seniors, beneficiaries would not be receiving a record-low 0.3% increase this year. They would be receiving an increase of 2.1% according to the Bureau of Labor Statistics. Do you support legislation that would base the COLA on a more accurate inflation index like the Consumer Price Index for the Elderly?.Last year the Government Accountability Office in a report to Congress defined "notches" as "unduly large incremental reductions." In addition, the GAO further said "Notches create marked inequities between beneficiaries close in age to each other.".By Jarrad Hensley, TSCL Legislative Assistant.Effective since 1977, the GPO prohibits retired spouses, widows, and widowers from receiving the full benefits based on his or her spouse's employment. The WEP was passed in 1983 and reduces the benefit of a retired or disabled worker who also receives a federal, state or local government annuity based on his or her earnings by up to 60 percent.."The Outlook for Major Federal Trust Funds: 2020 to 2030," Congressional Budget Office, September 2020..Many of you agree with Joe. About 74% of survey participants in TSCL's Senior Survey support applying the 12.4% Social Security payroll tax to all wages above the annual maximum which is 2,900 in 201This one fix alone is estimated to close roughly three - quarters of the Social Security financing gap. Let's ask our Members of Congress to get on board. Read more about sustainable solvency for Social Security in our latest Benefit Bulletin, "Social Security Legislation Would Provide 75 Years of Solvency To Social Security."
