Ncsl In Dc Standing Committees Natural Resources And Infrastructure Clean Power Plan Implementation WebinarCongress has reallocated payroll taxes at least 9 times in the past to temporarily avert trust fund financing crises, according to the Congressional Research Service. "Doing so now would be much more difficult, because the retirement program is in cash deficit, and the government is borrowing money to cover retirement and survivor benefits," Cates points out. "Reallocation from the retirement trust fund would mean the government would have to borrow more, a recipe for more explosive debt limit show downs in coming months," he says. "The situation could put all Social Security benefits, including retirement and survivors benefits, at risk of cuts in debt limit negotiations," Cates explains..Now it seems that the cancelled policies and the number of people affected by them are beginning to have an effect on the Administration and Members of Congress concerned about the November elections. The Obama Administration recently announced that individual health policies, that were supposed to end in 2014 because they aren't compliant, may remain in force another two years, if states allows it..In addition, Wall Street analysts were skeptical that the orders would have much effect on drug makers and said they could prove difficult to implement in practice. … Continued
Education U S Student Performance On Pisa What Legislators Need To KnowCongress 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..consider policies from companies that sell long-term insurance plans in.In reality, there's no need to cut or privatize Social Security in order to assure its solvency. Social Security could pay its full promised benefits for decades to come if we simply asked all Americans to pay their fair share of FICA taxes. Here's the deal: Ninety- four percent of American workers pay into Social Security all year long on every dollar they earn. The wealthiest six percent do not. They stop paying after their income hits the 8,500 cap. For people taking home million or more, that arrives just six weeks into the year. Some even finish paying just after New Year's Day. This gaping loophole allows billionaire hedge fund managers and corporate CEOs to pay a far lower percentage of their income into Social Security than teachers, police officers and healthcare workers. … Continued