News

  • 2017cost Of Living Adjustment

    The "lame duck" session of Congress began this week, and leaders in the House and Senate are hard at work on an omnibus measure that would fund the federal government through the remainder of the fiscal year. Passing an omnibus in December, according to House Appropriations Committee Chairman Harold Rogers (KY-5), would allow the new Congress to "get old business behind [it] and start off with a clean slate in January." .The study examined the increase in costs of 32 key items between 2000 and January 201The items were chosen because they are typical of the costs seniors must bear. Of the 32 costs analyzed, 20 exceeded the total percentage of increase in the COLA over the same period. .Hearings Over Controversial Healthcare "Cutting" Board … Continued

  • Legislative Update Week Ending March 9 2018

    So, before these invaluable vaccines hit the market, we should talk about an actual price. Otherwise, we will be stuck paying dearly for shots that the rest of the world will get for much less. .The "grandparent scam" has been around for a while, where a scammer poses as a relative, often a grandchild, in a desperate situation in urgent need of money. Due to the economic crisis created by the pandemic, the Federal Communications Commission has worked to raise the awareness of the grandparent scam. .TSCL is working for the re-introduction of the Notch Fairness Act. This legislation would allow Notch Babies born from 1917 through 1926, or survivors who receive benefits on a Notch Baby's account, to choose a lump sum of ,000 payable in four annual installments of ,250, or an improved monthly benefit. … Continued

"The need for an Emergency COLA has never been greater," says Benton. TSCL is meeting with Congress to urge lawmakers to enact emergency legislation to provide a COLA large enough to boost benefits in 2016 and 201In addition, TSCL is asking Members of Congress to pass legislation that would use a senior consumer price index, the Consumer Price Index for the Elderly (CPI-E), to more fairly calculate the annual boost. .If it seems too good to be true, it probably is. .This week, action remained slow on Capitol Hill as the month-long August recess continued. .President Trump signed an executive order Thursday directing the federal government to buy certain drugs solely from American factories. .House Republicans Revive AHCA .Commissioner Colvin backed the plan to address the DI program's looming insolvency that was released by President Obama in his recent fiscal 2016 budget blueprint. That proposal would adjust the distribution of payroll tax revenues for a period of five years, so that the DI program would receive 0.9 percent more than it currently is receiving, adding around seventeen years to the trust fund's solvency. .Expanded tax credits — Social Security numbers would pave the way for applicants to claim the Earned Income Tax Credit, and Additional Child Tax credit. In a recent Senate hearing, Eileen O'Connor, who ran the Justice Department's Tax Division under George W. Bush, explained that these refundable tax credits, "can create a ‘refund' of an amount you never paid as income taxes. So you can have a liability before the credit of 0, have paid in nothing, and with a refundable earned income tax credit of ,000, get a check from Uncle Sam for 0." She went on to say that immigrants who acquire Social Security numbers would be able to amend three years of previous tax returns to claim the earned income credit. The U.S. Government Accountability Office recently reported that an estimated 24% of all refunds due to the Earned Income Tax Credit are paid improperly. .TSCL is relieved that Congress has finally reached an agreement after weeks of heated negotiations. Another government shutdown like the one that occurred for sixteen days in 2013 could have resulted in delayed Social Security checks or interrupted reimbursements for doctors who treat Medicare patients. We will follow the movement of the deal very closely in the coming days, until it is signed into law by President Obama. In the meantime, follow us on Facebook or our new Twitter page for frequent updates. .The second issue is the COLA – specifically next year's COLA.