TSCL could not agree more with Congressman Schiff, and we enthusiastically lend our support to H.R. 97In the months ahead, our legislative team will work tirelessly to help build support for the critical piece of legislation..If we closed this loophole, we could ensure that Social Security continues paying full benefits to every single American who pays in, just as they were promised..This week, lawmakers in the House and Senate continued working on legislation that would comprehensively reform the tax code. In addition, The Senior Citizens League saw support grow for one key bill that would comprehensively reform the prescription drug industry..During this presidential election year it's important to let elected lawmakers, the President, and their challengers all know how seniors are affected by the economy and how seniors think those issues should be addressed. To participate in TSCL's 2012 Annual Senior Survey online, visit TSCL at or call to receive a copy of the survey by mail.."Thanks to the Affordable Care Act, health care professionals will reportedly spend less time filling out paperwork and more time focusing on delivering the best care for patients," said Health and Human Services Secretary Kathleen Sebelius..Congress is under intense pressure from numerous directions to get rising debt under control. The Congressional Budget Office further warned that growing interest costs on the debt would restrict our elected lawmakers ability to use tax and spending policies to respond to economic downturns or financial crises. And that in turn would increase the probably of a sudden fiscal crisis, in which the government would lose its ability to borrow at affordable rates..When Medicare solvency is under discussion, the focus is often placed on the Medicare Part A Trust Fund, which is primarily financed by payroll taxes. The last time Medicare Part A Trust Fund was forecast to become insolvent was in 200That year, the Medicare Trust Fund was forecast to become insolvent by 201In 2010, Congress enacted the Affordable Care Act which changed Medicare revenues in two ways. It added an additional payroll tax of 0.9% to the 1.45% of Medicare taxes paid by high earning individuals with wages over 0,000. A second provision affecting individuals with this level of income, imposed a new 3.8% tax on a portion of net investment income. Estates and trusts can also be subject to this tax..Seniors and the Cost of a Coronavirus Vaccine When it is Available.Your marriage lasted for 10 years or more, and your ex-spouse is entitled to Social Security benefits;

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"The bottom line is that Medicare Part B premiums rise several times faster than COLAs, and those premiums are now high enough to cause the net Social Security benefits of millions of people to remain flat for years at a time," Johnson says. "We are at the point where this is affecting far more people than anyone ever anticipated, and it's a red flag that Medicare premiums are increasing too fast, while Social Security benefits are not adequately keeping pace," she explains..Finally, Rep. Rodney Davis's Social Security Fairness Act gained eight new cosponsors this week, bringing the total up to forty-six. They are: Reps. John Tierney, Joe Courtney, Julia Brownley, Aaron Schock, Peter Welch, James McGovern, Lois Capps, and Elijah Cummings. If signed into law, H.R. 1795 would repeal the Government Pension Offset and the Windfall Elimination Provision two provisions that unfairly reduce the earned Social Security benefits of millions of teachers, firefighters, peace officers, and other state or local government employees each year..A government shut down, while causing some problems, isn't as bad as breaching the debt ceiling. That's known as a "technical default," as some government obligations won't be met on time depending on how long the stalemate lasts. The Treasury Department would have to rely on whatever cash is left on hand and daily revenue inflows. … Continued

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The U.S. aims to diversify its drug supply chain, relying on a geographically diverse set of manufacturers.Last summer's draught killed crops in almost 80% of the continental U.S. Higher wheat, corn and soybean prices are showing up in grocery receipts. Senior couples can expect higher food costs to add about 0 and more to their food bill this year..Social Security is one of the foundations of our nation and it is based on the principle that if you work hard and play by the rules you will have the stability and security of guaranteed income in your older years. For 75 years, Social Security has been a critical safety net for our nation's seniors and it should be preserved for generations to come. For these reasons, I will keep fighting to provide an accurate measure of inflation for our senior citizens and to strengthen the program. … Continued

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