The Payroll Tax, or FICA as it appears on your check stub, is the tax that most Americans pay as their contribution to federal insurance programs like Social Security and Medicare. Their employer pays an equal amount per employee and as such the payroll tax is a partnership between employers and employees. Here we discuss the ramifications of President Trump’s repeated calls for a cut or elimination of the payroll tax.
Prescription drug prices are out of control – and older Americans are feeling the financial pain at the pharmacy counter. Prices for the most commonly prescribed drugs for seniors have increased ten times the rate of inflation since 2013. Medicare beneficiaries pay thousands of dollars a year in out-of-pocket drug costs they can’t afford.
Since 2014, the National Committee has helped lead the movement to expand benefits and strengthen one of American’s most popular and successful programs. Workers, retirees, the disabled and their families are united in calling on Congress to stop proposing benefit cuts and start passing legislation that will provide greater financial stability to Americans.
The National Committee to Preserve Social Security and Medicare wants to Stop the War on the Working Class by ending the calls for benefit cuts and supporting worker friendly strategies that will protect Social Security and Medicare and improve benefit adequacy.