It’s been a busy week for Social Security watchers and advocates. Here are some of the major developments from Washington, D.C.:
Should Daylight Savings Time be year-round? We, as a country, seem to ask ourselves that question every time we set the clocks ahead an hour in March. Making Daylight Savings Time (DST) permanent would have enormous implications for all Americans.
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.
While it’s true that a runoff win by Senator Raphael Warnock would give the Democrats a 51-50 majority, there is more at stake for Georgia voters – especially seniors. They need Senator Warnock to remain in the Senate to fight for their vital Social Security and Medicare benefits – and to continue advocating for lower prescription drug prices.
As the country awaits full election results, The National Committee to Preserve Social Security and Medicare congratulates the many seniors’ champions who prevailed in key races across the nation. Several candidates who the National Committee enthusiastically endorsed have emerged victorious in crucial House and the Senate contests.
NCPSSM Makes Final Endorsements of 2022 Cycle, Emphasizing GOP Threats to Social Security and Medicare
As the midterm campaign draws to a close with the future of Social Security and Medicare possibly at stake, NCPSSM has been completing its final round of candidate endorsement events around the country. Today in Charlotte, North Carolina, NCPSSM legislative director and PAC coordinator Dan Adcock formally endorsed Democrat Cheri Beasley for U.S. Senate in one of the pivotal swing state races of this election cycle.
“Now is not the time to turn our backs on seniors by cutting Social Security and Medicare!” declared Congressman Raja Krishnamoorthi
Those who refer to the Inflation Reduction Act passed by the Senate this past weekend as “historic” are not exaggerating. The Act represents the most muscular legislation to date to try to tame rising prescription drug prices, which can be devastating for seniors.
Senator Joe Manchin has once again pulled the proverbial football away from Chuck Schumer just before the kick. After negotiating with the Senate Majority Leader over a pared-back version of the Build Back Better bill, Sen. Manchin has once again withdrawn his support - not for the entire plan, but for key components that would have helped seniors. He declared on Thursday that he would not support any new tax provisions. One of these provisions would have closed a loophole, compelling the wealthy to pay a 3.8% investment tax. The revenue would have been directed to the Medicare Part A trust fund, which is currently projected to run dry in 2028.
The negotiations between Senate Majority Leader Chuck Schumer and Senator Joe Manchin (D-WV) over a new budget reconciliation deal have been great fodder for political journalists, but they are also incredibly important to American seniors. Senators Schumer and Manchin are haggling over a pared-down version of the Build Back Better legislation, which the West Virginia Senator effectively killed earlier this year, designed to pass with only Democratic votes via the reconciliation process. The new package reportedly retains some crucial items for older Americans: prescription drug pricing reform and Medicare solvency.