Washington Should Not Use Benefit Cuts for Seniors, Retired Veterans, and the Disabled to Pay Down Our Nation’s Debt

2018-01-31T17:03:41+00:00May 6th, 2013|News Archives 2013|

The National Committee to Preserve Social Security and Medicare’s President/CEO, Max Richtman, will join Senator Bernie Sanders (I-VT), the Defending Social Security Caucus, the Alliance for Retired Americans, and the Strengthen Social Security Campaign in hosting a May 8th summit to protect Social Security, Medicare, Medicaid, and veterans’ benefits.

Other Congressional Members expected to participate include: Sen. Jack Reed (D-RI),Sen. Sheldon Whitehouse (D-RI), Sen. Elizabeth Warren (D-MA), Rep. Keith Ellison (D-MN), Rep. Raul Grijalva (D-AZ), Rep. Peter DeFazio (D-OR), Rep. David Cicilline (D-RI).  Seniors from Texas, Missouri and Pennsylvania will also participate.

 

PROTECT SOCIAL SECURITY, MEDICARE, AND MEDICAID,

and VETERANS’ BENEFITS SUMMIT

Date: Wednesday, May 8th
Time: 12:30 PM
Location: 902 Hart Senate Office Building

The summit will highlight the growing opposition to cutting Cost of Living Adjustments (COLAs) for Social Security and disabled veterans.

    • Under the chained CPI, average 65-year-old retirees would lose $658 a year in Social Security benefits by their 75th birthday, $1,147 by their 85th birthday, and $1,622 by their 95th birthday.

 

    • The chained CPI would cut the benefits of more than 3.2 million disabled veterans in this country.  Permanently disabled veterans who started receiving disability benefits from the VA at age 30 would see their benefits cut by more than $1,400 a year at age 45, $2,300 a year at age 55 and $3,200 a year at age 65.

 

  •  The chained CPI also would amount to an across-the-board tax increase on working families.  More than three-quarters of the new revenue raised by the year 2021 under the chained CPI would come from Americans making less than $200,000 a year.  Those making between $30,000 and $40,000 would be hit the hardest.

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The National Committee, a nonprofit, nonpartisan organization acts in the interests of its membership through advocacy, education, services, grassroots efforts and the leadership of the Board of Directors and professional staff. The work of the National Committee is directed toward developing better-informed citizens and voters.

 

Media Inquiries to:
Pamela Causey 202-216-8378/202-236-2123

Kim Wright 202-216-8414

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