The Joint Economic Committee (JEC), a congressional group that reviews economic policy, recently released a report analyzing the consequences of failing to raise the debt ceiling. Based on a study of the 2011 debt limit negotiations, the analysis finds that Americans could lose $... Read more
According to a new analysis by the Tax Policy Center, President Biden’s fiscal year 2024 budget would raise average after-tax incomes for low-income households — those who earn about $31,000 or less — by nearly $600, or 3.2%, next year. The budget would leave the incomes of... Read more
Sens. Elizabeth Warren (MA) and Jeff Merkley (OR) are calling attention to the massive profits and "exorbitant" executive salaries of top Medicare Advantage insurers such as UnitedHealthcare and Humana, which are leading a lobbying campaign against efforts to combat widespread fr... Read more
Consider three hypothetical women in their mid-70s, all living alone in identical economic circumstances with the same array of ailments: diabetes, arthritis, and high blood pressure. Ms. Green stays home most of the time and sometimes goes a week without seeing people. But sh... Read more
The California Alliance for Retired Americans (CARA) lead a Day of Action to protect, improve and expand Medicare, Medicaid and Social Security on Friday. More than 700 CARA activists will demonstrate at the Bakersfield, CA office of House Speaker Kevin McCarthy to drive home the... Read more
Last Thursday, Republican presidential candidate Nikki Haley called for changing the retirement age for Americans currently in their twenties and limiting Social Security and Medicare benefits for wealthier Americans. Haley said that for those in their 20s, she “would change... Read more
On Wednesday, the Department of Health and Human Services (HHS), through the Centers for Medicare & Medicaid Services (CMS), announced 27 prescription drugs for which Medicare Part B beneficiary coinsurances may be lower from April 1 – June 30, 2023. Due to President Bidenâ... Read more
Sen. Bernie Sanders (I-VT) and Reps. Bobby Scott (D-VA) and Brian Fitzpatrick (R-PA) introduced the Richard L. Trumka Protecting the Right to Organize (PRO) Act (H.R. 20 in the House), which would restore the right of workers to freely and fairly form a union and bargain together... Read more
People earning one million dollars or more each year stopped contributing to Social Security for the rest of 2023 on February 28. For 2023, Social Security taxes are only paid on the first $160,200 of wage income. Several members of Congress have introduced bills this year tha... Read more
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