84 Years Ago Today the First Social Security Beneficiary Got Her Check
Ida Mae Fuller in 1940 The following article is reprinted from the Social Security Administration (SSA) website www.ssa.gov The
NCPSSM “Tremendously Disappointed” by House Budget Committee Vote
The National Committee to Preserve Social Security and Medicare is tremendously disappointed in the House Budget Committee’s vote to favorably report the Fiscal Commission Act of 2023 out of committee. This is the final step in the legislative process before the bill comes to the House floor for a vote. A fiscal commission is designed to give individual members of Congress political cover for cutting Americans’ earned benefits.
NCPSSM President Testifies Against Fiscal Commission Proposal
NCPSSM president Max Richtman offered testimony today to the U.S. House Budget Committee, warning that the creation of a fiscal commission to address the federal debt could jeopardize Social Security and Medicare benefits.
FDR’S Grandson Says This Is a ‘High Stakes Time’ For Social Security
Social Security — which turned 88 years old this month — is one of my grandfather’s greatest legacies. It’s no exaggeration to say that this is a high stakes time for his landmark program. Powerful opponents of Social Security are calling for privatization, cutting the annual COLA, raising the retirement age, and even “sunsetting” the program.
Marking the First Anniversary of the Inflation Reduction Act
President Biden signed the historic Inflation Reduction Act (IRA) into law one year ago today. It was the first time Congress
Biden-McCarthy Debt Ceiling Deal Averts Disruption of Social Security, Medicare
Amid all the static about the debt ceiling deal that President Biden and Speaker McCarthy struck over the weekend, this much is certain: the deal is better for American seniors than a federal default. “The agreement represents a compromise, which means no one got everything they wanted,” said President Biden on Monday. “But that's the responsibility of governing.”
Default Could Be Devastating to Seniors on Fixed Incomes
As the country nears a projected federal default date as early as June 1, experts and advocates are warning that seniors’ benefits could be in jeopardy. A default mean that the government will not be able to meet its financial obligations, resulting in delays for vital programs like Social Security and Medicare.
Today is the Day Millionaires Stop Contributing to Social Security for 2023
Today is the day most millionaires stop paying into Social Security for the rest of the year, while most of us will continue contributing FICA payroll taxes through the end of December. The payroll tax cap for 2023 is $160,200 in annual wages. As of today, people grossing $1,000,000 a year in wages have now exceeded the cap.
Are Social Security and Medicare Suddenly Safe? Not by a Long Shot.
During Tuesday’s State of the Union, President Biden coaxed Republicans to agree to take Social Security and Medicare cuts “off the
GOP Takeover, Debt Ceiling Revive Some Really Bad Ideas
Republican proposals to cut taxes for the wealthy and undermine Social Security and Medicare have come back like a bad dream with the GOP takeover of the House and the debt ceiling standoff. We spoke to our senior legislative representative, Maria Freese, about what these proposals would really do --- and who they benefit. Hint: the answer is NOT working people and retirees.