"At the time of enactment, The Congressional Quarterly referred to this revenue change as 'taxing the benefits of high-income recipients'" says Johnson, citing the publication's summaries of major Social Security changes from 1983-198Social Security's archives state that "Congress intended that the taxation of benefits should not affect 'lower income' individuals." The revenues from the tax on Social Security benefits are credited to the Social Security and Medicare trust funds and provide a growing share of the programs' financing..sources of income to add to your Social Security. Here's how:.And it could be worse if inflation is lower and Medicare Part B premiums are higher. Due to a special provision of law known as the Social Security hold harmless provision, when the dollar amount of the Medicare Part B premium increase is greater than the dollar amount of an individual's COLA, the Medicare Part B premium is adjusted to prevent a reduction in Social Security benefits from December of the previous year. Those affected by hold harmless wind up with no growth in their net Social Security benefit after the deduction for Part B premiums. That leaves nothing extra left over to deal with other rising costs such as housing and drug costs..Also this week, one new cosponsor Rep. Lou Barletta signed on to Rep. John Duncan's CPI for Seniors Act. The cosponsor total for this bill is now at 11..By Rick Delaney.Recently the TREA Senior Citizens League Board of Trustees traveled to Capitol Hill for a week filled with meetings. The Board was able to meet with 7 Congressional offices, including one drop-by visit with Chief of Staff Kevin Kimble and Legislative Assistant Yadira Castellanos in the office of Rep. Charles Gonzalez. Among the topics discussed were Notch Reform, anti-totalization measures, prescription drug costs, and the consumer price index for elderly..Highlights of this week in Congress include: fallout from the Super Committee's indecision; leadership changes at the Center for Medicare and Medicaid Services; and a new co-sponsor added to a key bill..Experts said the long-term effects of the virus on doctors and Medicare remain unknown. But the shortage of cash that many doctors are experiencing because of the coronavirus epidemic has revealed the shortcomings of how primary care doctors are paid..TSCL is working for legislation that would eliminate the one-time gain "means test," and supports efforts that would repeal determination of Medicare benefits based on income. To learn more, please visit.

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In the months before the deal was reached, two Congressional Committees called upon organizations, advocates and other stakeholders to offer their ideas for strengthening the program's finances. TSCL submitted a set of recommendations in August, and then in September, we met with key aides on the House Ways and Means Social Security Subcommittee to discuss our proposal in detail..Also, we should be wearing masks outdoors as well as indoors at this time. While being indoors with others is far riskier, being outdoors is not risk free if you are with others you don't live with..TSCL is concerned that an immigration amnesty would create new liabilities for Social Security, Medicare and Medicaid, that would be based on illegal work. Under current law, the Social Security benefits of immigrants who worked illegally, and who later gain work authorization, are calculated at least in part, on earnings from jobs worked under fraudulent numbers prior to gaining legal status. … Continued

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Alexandria, VA - Millions of the nation's oldest and poorest senior citizens would be compensated for the lower Social Security benefit they've received for more than 30 years under proposed bipartisan legislation. Introduced in the U.S. House by Representative Mike McIntyre, and in the Senate by Senator David Vitter, the bill is supported by The Senior Citizens League, one of the nation's largest nonpartisan senior citizens advocacy groups..Following the vote, Congressman Phil Roe the bill's sponsor said: "After practicing medicine for more than 30 years, I can tell you that no two patients are the same; that different approaches are required for different needs. IPAB is blind to this fact and will ration seniors' access to care through one-size-fits-all payment policies. We can do better, and it's time to go back to the drawing board.".Squeeze your home for cash - If your home can be divided into … Continued

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