Policy Watch Poll Examines The Impact Of Coronavirus On Life In Americaand improve your health..Even though the rate of inflation is dropping, a proposal that would switch to a more slowly-growing CPI to calculate COLA continues to be pushed by proponents on both sides. The Congressional Budget Office has estimated that the "chained" CPI would reduce the federal budget deficit by more than 0 billion in the first ten years. It would do so by cutting the growth in a host of federal benefit programs, including military retirement in addition to Social Security, as well as increasing revenues if used to index the tax code..If signed into law, the bill would repeal the Windfall Elimination Provision and the Government Pension Offset two provisions of the Social Security Act that cut the earned benefits of millions of teachers, firefighters, police officers, and other public servants each year. Because these individuals receive pensions from their state or local governments, their monthly Social Security checks are arbitrarily reduced, often by one-half or more. … Continued
Careers Psychology InternshipSome home healthcare can be deductible. In order for home healthcare expenses to be deductible, those who require the care must be unable to perform two or more of six activities of daily living and have a plan of care from a physician that specifies help with these tasks.."The switch looks deceptively small on paper," says TSCL's Executive Director Shannon Benton. "But it would have a big impact on Social Security income," she says..TSCL is troubled to learn that earlier this week the President tweeted that a short-term payroll tax cut should be considered, fueling a conversation around the potential for a temporary stimulus package. … Continued