Environment And Natural ResourcesThe bills aren't paid..I've been out of work since late March. The company that I was working for is in the process of declaring bankruptcy, and I haven't found a new job yet. I turn 64 in two months, but if I start Social Security now my retirement benefit would be pretty low..Aging Committee Holds Hearing on Combatting Senior Scams … Continued
Quiz Health Issues And The Election QuizFor the past several years, Social Security's Disability Insurance program has been facing financing challenges. In the fall of 2015, lawmakers took action to prevent a 19% benefit cut that would have affected 10 million disabled enrollees and dependents, extending the program's solvency past 201However, more work remains before the program can be considered financially stable. In September, lawmakers on the House Ways and Means Social Security Subcommittee took the first steps toward improving the program's solvency when they held a hearing to discuss its future..Federal law prohibits the two Social Security trust funds from borrowing or transferring payroll taxes from one program to the other without Congressional action. While such action has been taken 11 times in the past to temporarily avert a Social Security funding shortfall, a TSCL poll conducted in July of last year found that less than 1 percent of participants say that shifting revenues from one trust fund to another would be the best way to fix the program..TSCL has been pushing members of Congress to include legislation to reduce the price of drugs and pass legislation to deal with the practice of surprise medical billing. We were hoping those issues would be addressed at the same time as the legislation to extend the federal health programs mentioned above. … Continued