December 09, 2011

Payroll Tax Cut, “Doc Fix” Likely to be Rolled into One Catch-All Package

Elected officials are discussing several competing plans to cut the payroll tax that is used to fund the Social Security Trust Fund. The employee share of the tax is scheduled to go back to 6.2% on January 1, from a current rate of 4.2%, if no legislation is passed, and President Obama wants to lower the tax to 3.1% next year. A Democratic-written bill in the Senate would lower the rate to that 3.1% level. It is financed chiefly by a 1.9% surtax on income over $1 million, a proposal that is almost universally opposed by Republicans, and GOP senators are expected to defeat the measure.

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December 02, 2011

With Super Committee Deadline Passed, December Brings More Decisions

The November 23rd deadline for the Super Committee to vote on a legislative proposal that achieves $1.2 - $1.5 trillion in savings has come and gone without producing any type of report.

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November 18, 2011

Super Committee Negotiations Go Down to the Wire

Just five days before the deadline for a deficit reduction deal, the Super Committee dealing with the nation’s budget deficit in Congress still did not seem close to reaching an agreement on tax reforms and spending cuts.

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November 10, 2011

Ohio Voters Reject the Politics of Scapegoating

On Tuesday, voters in Ohio delivered a blow to Gov. John Kasich (R) and rejected his attempt to strip collective bargaining rights from public employees. A whopping 61% of the Ohio electorate voted to repeal SB-5 by saying “no” on Issue 2, as it was presented on the ballot.

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November 04, 2011

Washington Post Misleads Seniors on Social Security

The Washington Post published a Halloween-Eve front page “Prediction of Doom” feature piece riddled with misleading statements and inaccuracies about Social Security and its financial footing.

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October 28, 2011

Proposed Super Committee Cuts Poised to Weaken State and Local Economies

As the “Super Committee” met on Wednesday, Alliance members and other local advocates from the Strengthen Social Security Campaign – a coalition which includes the Alliance – sprung into action.

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October 21, 2011

Coyle: Let Us Make Sure this 3.6% Raise is not the Last Social Security COLA Ever

Social Security recipients will get a 3.6% increase in benefits next year, their first raise since 2009, federal government officials announced on Wednesday. Alliance Executive Director Edward F. Coyle responded to the news in a press release.

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October 14, 2011

Social Security COLA Increase Finally Coming, but Offset by Medicare Premiums

After two years without an inflation adjustment, the Social Security Administration is expected to announce a 2012 cost-of-living adjustment (COLA) of more than 3 percent on October 19th.

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October 07, 2011

Super Committee Could Cut Social Security COLAs with “Chained CPI” Change

According to multiple sources, Members of Congress on the Super Committee charged with reducing the nation’s budget deficit are considering changing the formula that determines the Cost of Living Adjustment (COLA) for future Social Security recipients.

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September 30, 2011

Sickest Medicare Patients May Be Greatly Affected by the Super Committee

The “Super Committee” in Congress is tasked with finding $1.2 trillion worth of savings by November 23. If its members fail to do so, automatic spending cuts will kick in, taking that amount evenly from domestic and military spending. With only two out of the six meetings the committee has held thus far having been public, observers’ apprehension is growing.

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