2015 Election Legislation Enacted By State Legislatures635894861Sound like we're headed for a vicious cycle? The sheer paralysis that lawmakers have contended with in responding to our current sluggish economy over the past two years is an early warning that we are nearing the edge. Even so there are still some who brush off anxiety over Social Security's financing by saying "Social Security is an easy fix.".Gradually, over 10 years, eliminate the cap on earnings that are taxed for Social Security. This would mean that the approximately 6% of workers who earn more than the 8,500 cap in 2015 would pay into Social Security throughout the year like other workers. In return they would get slightly higher benefits..TSCL supports the Protecting and Preserving Social Security Act enthusiastically since it would extend the solvency of the program responsibly, without cutting benefits for seniors. We look forward to working closely with Senator Hirono and Congressman Deutch in the months ahead to help build support for their important new bill. … Continued
Linking Driving Records To Voting Records WebinarIn past years, Congress has chosen to allow this cost to shift to the 30 percent beneficiaries who are not held harmless. The total cost increase is spread over far fewer people, instead of all beneficiaries, and those who are not protected pay a much bigger share of Medicare Part B costs. This could happen again for the 2021 premium..Members of Congress Support Key Legislation.Medicare Part B premiums are getting set to make one of the biggest jumps in 14 years, according to new analysis from The Senior Citizens League. While the Social Security cost-of-living adjustment will increase benefits by 1.6 percent in 2020, Medicare Part B premiums are climbing by 6.7 percent, "more than four times faster than the COLA," says Medicare and Social Security policy analyst, Mary Johnson. … Continued