The Social Security trustees now anticipate that when the old age and survivor fund runs out of money in 2034, it will be able to pay only 76% of the retirement and survivor benefits otherwise due to recipients..Social Security For Dummies, Jonathan Peterson, October 2017..Divide family size-packages into single servings: You can't afford to buy big packages every week, but with careful planning you might be able to buy one big package of something once a month and get enough portions to feed you for two months. Soon after purchasing divide your family pack into smaller individual portions and freeze or store appropriately. Hint: Use a good cling film and wrap individual portions. Freeze in reusable zipper bags. Mark with contents and date..This week, TSCL announced its support for the Protecting and Preserving Social Security Act, which was introduced by Senator Mazie Hirono and Representative Ted Deutch. Their bill, if signed into law, would base Social Security cost-of-living adjustments on the Consumer Price Index for Elderly Consumers and it would gradually phase out the cap on income subject to the payroll tax over a period of seven years..Burwell was expected to cruise through the confirmation process after she received an overwhelming display of bipartisan support during two Senate hearings that were held in May. However, a group of lawmakers set out to stall her confirmation's movement in the weeks leading up to the vote by submitting several complex inquiries about her perception of the ACA. In addition, almost every minute of the allotted debate time was used to discuss the ACA's implementation thus far, while Burwell received almost no criticism at all during the thirty hours..Committees Discuss Solutions to Opioid Epidemic.Applying the payroll tax to all wages over 0,000. Currently, payroll taxes are not paid on income over 8,500, which means millionaires and billionaires pay a much smaller tax rate than everyone else..The bill would also repeal the medical expense deduction, which is essential for older Americans who disproportionately experience high medical costs for prescription drugs, medical equipment, or services like nursing home care. Around 5 million taxpayers over the age of sixty-five rely upon the tax deduction when their out-of-pocket medical costs total more than 10 percent of their annual income. Its elimination would be a major loss for older Americans who are living on fixed incomes and are facing catastrophic medical costs.."Senate Republicans, White House Officials Meet Privately on Fiscal Deal," Paul M. Krawzak, CQ Roll Call, June 6, 201"Inflation Indexing Elements in Federal Entitlement Programs," Dawn Nuschler, Congressional Research Service, April 24, 2013.

Blog State Legislatures Magazine Gmo Debate Wont End With New Federal Law

visiting the government's National Clearinghouse for Long Term Care Information.Will money borrowed from the Social Security Trust Funds be repaid in full?.Congress is now in recess and is not scheduled to start again until April 20. Of course, that could change, depending on the situation with the spread of the virus. … Continued

Legislative Staff Coordinating Committee Civics Education Legislator Talking Points Card

First, the payroll tax cut undermines the self–sustaining nature of Social Security and for the first time in more than seventy years, the program has become reliant on the federal government's general revenues. Under the law, the government must provide Social Security's Trust Fund with a dollar–for–dollar replacement for any lost revenues due to the tax cut. In 2011, the government's reimbursement funds accounted for 13 percent of Social Security's income. TSCL finds it troubling that the tax cut has disrupted the financing structure of Social Security, which has worked seamlessly since the program's inception..Now, 18 years later, TSCL is hopeful that 2021 will be the year when Congress finally enacts legislation to allow Medicare to negotiate drug prices with pharmaceutical companies. This change is supported by about 85% of participants in TSCL's Senior Surveys. In 2019, Congress came very close to passing such a bill. In 2019, the House passed legislation, that would have allowed Medicare to negotiate drug prices, but was loathed by the pharmaceutical industry. It stalled in the Senate late in 2019 when Senate leadership refused to take up the bill..For more information about town hall meetings near you during next week's recess, click HERE. You can also call the local offices of your Members of Congress to request information about upcoming town halls. For contact information, click HERE. … Continued

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