By Representative Elijah E. Cummings,.Representative C.W. Bill Young.This week, the Senate Finance Committee voted to advance the nomination of Sylvia Mathews Burwell as the next Secretary of the Department of Health and Human Services. In addition, one subcommittee held a hearing on strengthening the Social Security program, and The Senior Citizens League saw one key bill gain support..To determine if a portion of the taxpayer's Social Security benefits are taxable, half of Social Security benefits are added to the adjusted gross income, plus any tax - exempt interest, and certain other tax - exempt income. "Few people today think of an adjusted gross income of as little as ,000 -,000 as 'substantial' income," Johnson says. To calculate the taxable portion of benefits, taxpayers can find a worksheet in IRS publication 915..If Congress could not reach an agreement to borrow money, Social Security and Medicare benefits would be cut when payroll tax revenues run out as they inevitably would..consultant, or free -lancer or independent contractor. Check with your local."… Recently, our offices have received a significant increase in complaints from constituents who have gone weeks without receiving mail, similar to the surge of complaints we received last summer in the wake of USPS cuts and policy changes. These delays have had significant harmful impacts on the lives of our constituents. Because of these delays, our constituents have received bills after the dates on which payments were due or their payments were never received, and they have been forced to pay late fees..ROTH IRAs require that you take distributions by age 70 and a half or pay a.Wednesday's report also revealed a new projection for next year's Social Security cost-of-living adjustment. According to the Consumer Price Index for Urban Wage Earners, consumer prices have been lower this year than they were last year, which means there will likely be no COLA come January. Automatic COLAs were adopted forty years ago and so far, beneficiaries have gone without annual increases only twice in 2010 and 2011.

Medicare Slide Prescription Drug Coverage Among Medicare Beneficiaries In 2013

In 2012, the GPO reduced by two-thirds the Social Security benefits received by nearly 600,000 surviving spouses who also collect a government pension. Nine out of 10 public employees affected by the GPO lose their entire spousal benefit, even though their spouse paid Social Security taxes for many years..How the Categories Compare Between the CPI-W and the CPI-E.The federal government negotiates prescription drug prices for Medicaid and for veterans, but it is barred from negotiating lower prices for Medicare beneficiaries. As a result, senior citizens enrolled in Part D often pay much higher prices for their prescriptions. What are you doing to correct this unfair policy? … Continued

Report Section How Much Is Enough Out Of Pocket Spending Among Medicare Beneficiaries Appendices

Despite the House passing a trillion coronavirus relief bill last month, Senate Majority Leader Mitch McConnell has not scheduled a vote on a Senate relief package before July Instead, Republicans will focus on the National Defense Authorization Act, the Great American Outdoors Act and the confirmation of circuit court and other nominees this month..Here's a hypothetical example: Let's say that you shop at the same grocery store every week. The price of navel oranges varies by the time of year, but in December of 2018 you were able to buy navel oranges for about .39 a pound. By June of 2019, however, the price goes up to .4That's a difference of $.10 a pound and a 7% jump in cost. That's price inflation..The previous changes have not only resulted in cutting the growth of COLAs received by Social Security recipients, but those of military retirees and COLA recipients in all other federal benefit programs as well. They came after a 1996 government commission headed by economist Michael Boskin said the CPI overstated the rate of inflation, and thus "overpaid" COLA recipients. Proponents of slowing COLA growth today make the same argument. … Continued

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