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Public Policy: Social Security
4/7/2014

The House Budget Resolution for Fiscal Year 2015, H. Con. Res. 96, was introduced by Budget Committee Chairman Paul Ryan (R-WI) on April 4, 2014.  The budget proposes drastic cuts in federal spending for programs of importance to most low- and middle-income Americans while proposing tax breaks to benefit the very wealthy and large profitable corporations.  This paper summarizes some of the key proposals in the House Republican FY 2015 budget that would affect seniors and people with disabilities who rely on Medicare, Medicaid and Social Security. 
3/6/2014

On March 4, 2014, President Obama submitted his Fiscal Year (FY) 2015 budget to the Congress. The budget proposes a total spending level of $1.014 trillion in FY 2015. This paper summarizes some of the key proposals affecting seniors in the President's FY 2015 budget.
5/23/2013

President Obama’s 2014 budget proposal includes a plan to change the way Social Security cost-of-living adjustments, or COLAs, are calculated by adopting the “chained” consumer price index (CPI).  The National Committee has been vocal in its opposition to the chained CPI because it does not accurately measure the purchasing patterns of our elderly population.  We urge the adoption of a CPI for the elderly, or CPI-E, as a more accurate means of calculating Social Security COLAs.  An in-depth examination of the CPI-E follows.
4/24/2013

It is estimated that there are about 11 million undocumented workers in the United States today. These immigrants come to our country to work. They contribute to the economic health of our nation. They also make substantial contributions to Social Security through the payroll tax, even though neither they nor their families are eligible to receive benefits. The National Committee to Preserve Social Security and Medicare believes that bringing undocumented workers into our national family would be beneficial for the country and good for Social Security as well.
3/29/2013

Social Security provides protection against the loss of wages for workers and their families in the case of the death, disability or retirement of the wage earner. Social Security Disability Insurance (DI) is available to workers with disabilities that are expected to last more than a year and prevent the individual from engaging in any substantial gainful activity.
2/27/2013

The proposal to move to a "chained" Consumer Price Index (CPI) for making cost-of-living adjustments (COLAs) to Social Security benefits and indexing income tax is under discussion as part of the debt reduction talks to increase the debt ceiling. This proposal will reduce benefits for current and future retirees, while increasing their taxes.
2/27/2013

According to the Social Security Trustees, the Social Security Trust Fund will be able to pay full benefits until 2036, 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 destined to reduce the federal deficit. One option being discussed would eliminate Social Security benefits for higher-income individuals - that is, means-testing Social Security.
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