The provision would ban earnings from jobs worked without legal authorization from being used to determine entitlement to Social Security benefits and for calculating the amount of initial benefits, legislation that TSCL and TSCL's grass roots members have long supported. TSCL's Legislative Assistant, Jessie Gibbons delivered a letter from Chairman, Larry Hyland, expressing TSCL's support for the amendment to Senators Hatch and Rubio..Support Grows for CPI-E Act.In years when there has been no, or almost no cost-of-living adjustment, Medicare Part B premiums have spiked significantly. TSCL is highly concerned that another Medicare Part B premium spike could.Benefit Bulletin: June 2020 Medicare Premiums Could Spike Due to Coronavirus.It makes no difference if a Member of Congress has broken the law. This newsletter recently reported that former Representative Randy "Duke" Cunningham, who was sentenced to eight years in jail for bribery charges, is entitled to an annual pension of about ,000. Currently, it takes an act of treason for a Member of the House or Senate to lose a pension..The debate over cutting entitlement spending, however, isn't new. For years, proposals to cut Social Security and Medicare benefits have been put forth from both sides of the aisle. Consider:.He said, "We have to work to do more to ensure that every older American has the resources and the support that they need to thrive. That challenge protecting our seniors, dealing with the rising costs of an aging generation, ensuring we have enough home care workers looking out for our family members, maximizing the contributions that older Americans can make to our country these challenges are just becoming more urgent.".This week, one new cosponsor Rep. Matt Cartwright signed on to Rep. Peter DeFazio's No Loopholes in Social Security Taxes Act. The cosponsor total is now up to twenty-seven. If signed into law, Rep. DeFazio's bill would subject all income over 0,000 to the Social Security payroll tax. Currently, the payroll tax is capped at 3,700 and no income over that amount is taxed. H.R. 1029 would reportedly add another fifty years to the solvency of the Trust Fund in a responsible way, without reducing benefits for seniors..Squeeze your home for cash - If your home can be divided into.Without a doubt, the idea of starting Social Security benefits before you reach your full retirement age has strong appeal. But consider this: statistics indicate that about half of today's working age households who are close to retirement age will not be able to maintain their standard of living in retirement.

2015 Election Legislation Enacted By State Legislatures635894861

The Senior Citizens League supports proposals that strengthens Medicare for dental, vision and audio services, and cuts prescription drug costs by allowing Medicare to negotiate prices. To learn more visit:..Top 10 Fastest Growing Costs of Older Americans Since 2000.New Concern About Cuts to Medicare … Continued

Private Insurance State Indicator Market Share And Enrollment Of Largest Three Insurers Individual Market

But that's not all. Congressional Democrats also want to add dental, vision and hearing coverage to Medicare but that goal is running into resistance from powerful health industry lobbies..The last time the Medicare Part A Trust Fund was forecast to become insolvent was in 200At the time, the Part A Trust Fund was forecast to become insolvent by 201Lucky for us that never happened - in 2017 at least. Congress enacted the 2010 Affordable Care Act which changed Medicare taxes in two ways. It added a 0.9% surtax to the amount of Medicare payroll taxes paid by high earning individuals with wages over 0,000. This was on top of the 1.45% that workers currently pay on their wages. A second provision affecting the more affluent, imposed a 3.8% tax on a portion of net investment income. Estates and trusts can also be subject to this tax..Tax Reform Work Continues in House and Senate … Continued

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