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Despite receiving the largest Social Security cost of living adjustment in five years, the majority of retired and disabled beneficiaries will not see any increase in their net Social Security benefits in January, warns The Senior Citizens League. A big jump in Medicare Part B premiums is to blame. The Centers for Medicare and Medicaid Services recently announced that the Medicare Part B premium will be 4 for next year. That's the same amount that the Part B premium is today, but tens of millions of Medicare beneficiaries are paying less than that this year. Millions of beneficiaries pay roughly less - and their annual COLA may not be enough to cover the difference..While budget resolutions don't have the force of law, the agreements set out the U.S. fiscal year budget and serve as a blueprint for subsequent legislation. The House resolution also includes reconciliation instructions for the GOP's tax reform plan, but the resolution has been stalled due to disagreements over mandatory spending that includes Social Security, Medicare, and Medicaid among others..THREE PROPOSALS WE OPPOSE:.Publication: How Work Affects Your Benefits SSA Publication No. 05-10069.Three Bills Gain Support.From a tax perspective, your distributions from a traditional IRA or 401 are 100% taxable, while distributions from a Roth IRA or 401 are not taxable. Up to 85% of Social Security benefits may be taxable but, for many people, the taxable percentage is much lower..Congress should enact legislation that would require greater Congressional review and approval of future totalization agreements..Drug prices in the U.S. are much higher than in other developed countries, because there are no federal laws regulating prices. In fact, the law specifically forbids Medicare from negotiating prices on behalf of its beneficiaries. Allowing the importation of prescription drugs from countries such as Canada, where drugs are less expensive, has the potential to lower drug costs for both U.S. consumers and the federal government..On Monday evening, Senator John Cornyn told reporters that the Senate's bill would include major differences from the House version. He said: "We're going to start from scratch, really. It's helpful for us to have [House lawmakers] go first to see the kind of issues that come up and anticipate those in the Finance Committee markup. But I'm still pretty optimistic we'll get this done before Thanksgiving."