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Public Policy: Social Security
2/14/2018

On February 12, 2018, President Trump submitted his Fiscal Year (FY) 2019 budget recommendations to Congress.  This budget would drastically cut programs that benefit America’s oldest — including many vulnerable — citizens.  The President’s spending plan calls for deep reductions to Social Security Disability Insurance, breaking his promise not to touch Social Security.  It also includes cuts in Medicare, another program he promised not to touch.

2/8/2018

2/4/2018

According to the Social Security Trustees, the Social Security Trust Fund will be able to pay full benefits until 2034, and incoming payroll taxes will be sufficient to pay about 77 percent of benefits thereafter. Some are using this modest gap in long-term funding as a pretext to justify proposals for large cuts in Social Security benefits. Others have proposed closing the gap by increasing income received by the Trust Fund. One way to increase revenue is to raise the Social Security tax cap.
1/24/2018

Strengthening Social Security & Medicare, Opposing Privatization and Defending the Affordable Care Act are some of the issues at the top of NCPSSM’s 2018 Legislative Agenda. 

1/13/2018

Social Security is among the nation’s largest programs serving children.  About 4.3 million American children receive approximately $2.6 billion in Social Security benefits each month because at least one of their parents is disabled, retired or deceased. Although Social Security is well known as an essential source of retirement security for older Americans, there is less awareness of the critical income protection it has provided for survivors since 1939, and for the disabled since 1956. 
1/12/2018

Tax legislation approved by Congress and signed into law by President Trump on December 22, 2017 (P.L. 115-97) will inevitably lead to the unraveling of working and middle-class programs to pay for massive tax cuts for the very wealthy and profitable corporations.  The following is a summary of how the new law will undermine the retirement and health security commitments made to generations of Americans.

1/9/2018

Tax legislation approved by the Congress and signed into law by President Trump on December 22, 2017 (P.L. 115-97) will leave Medicare, Medicaid and Social Security vulnerable to benefit cuts because of its dramatic $1.5 trillion increase in the public debt – an increase that will have to be offset in the future.  

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