Navigation Links
Two Social Security Reforms That Seniors Strongly Support
Date:6/16/2013

Alexandria, VA (PRWEB) June 17, 2013

Seniors are closely following the debate over Social Security, and a new survey indicates strong support for two major changes that could restore Social Security’s long-term solvency. The survey, conducted by The Senior Citizens League (TSCL), one of the nation's largest nonpartisan seniors groups, found that 52% of seniors strongly favor, and another 30% somewhat favor, raising the Social Security maximum taxable wage base. In addition, 87% support banning the use of earnings from jobs worked under invalid and fraudulent Social Security numbers by unauthorized immigrant workers to determine entitlement to Social Security and other federal benefits.

Why raise the maximum? In 1993 the taxable maximum was eliminated for Medicare payroll taxes. Yet currently, workers who earn more than $113,700 pay no Social Security taxes at all on earnings over that amount. “That includes every Member of Congress and President Obama,” notes TSCL Chairman Larry Hyland. The “tax max” increases annually by the growth in national average wages.

Low and middle-income earners pay taxes on all of their earnings. In recent years, however, the share of total wages earned in the U.S. and subject to Social Security payroll tax has declined because the earnings of the most highly paid workers have grown rapidly. Most of the proposals to increase the taxable maximum would also raise benefits of the affected workers by counting earnings above the old cap in the benefit formula. The non-partisan Congressional Budget Office (CBO) has estimated that eliminating the taxable maximum would extend the Social Security solvency as much as 50 years.

Why ban the use of earnings from unauthorized work to determine Social Security benefits? Under current law Social Security uses all earnings to calculate Social Security benefits. That means earnings of unauthorized immigrants from jobs worked under invalid and fraudulent Social Security numbers (SSN) can be used both to qualify for benefits and for the calculation of the initial retirement benefit. There is no official published data on the amount of wages on file attributable to aliens working without authorization, but the Social Security Administration maintains an earnings suspense file that represents an estimated $763.5 billion in wages from 2000 through 2010 , most of it believed to be attributable to illegal workers. Under immigration reform, that could mean a huge new liability for Social Security in the future, triggering more rounds of cuts and higher taxes.

“TSCL strongly believes that earnings under invalid SSNs should be also be invalid for entitlement to benefits,” says Hyland. “Document fraud, identity theft and violation of immigration law should not be rewarded with Social Security benefits, especially as Congress considers cutting Social Security cost-of-living adjustments (COLAs),” he states.

To learn more and find out how much you could lose by COLA cuts, visit http://seniorsleague.org/chained-cola-calculator/. To learn more, visit http://www.SeniorsLeague.org.

###

With about 1 million supporters, The Senior Citizens League is one of the nation's largest nonpartisan seniors groups. Located just outside Washington, D.C., its mission is to promote and assist members and supporters, to educate and alert senior citizens about their rights and freedoms as U.S. Citizens, and to protect and defend the benefits senior citizens have earned and paid for. The Senior Citizens League is a proud affiliate of TREA The Enlisted Association. Please visit http://www.SeniorsLeague.org or call 1-800-333-8725 for more information.

Read the full story at http://www.prweb.com/releases/2013/6/prweb10832448.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Newly-Released SSA Data Reveals a Record Number of People Received Social Security Disability Benefits in May of 2013
2. Top Rhinoplasty NYC Facial Plastic Surgeon Sam Rizk, MD, FACS, Sees Surge in Cosmetic Surgery Requests as a Result of Social Media
3. Sport-Social Hosts Block Party for Kids in Las Vegas
4. Cognitions Bridge Suite Now Includes Real Life Strategy and Intelligence Games That are Fun to Play and Develop Cognitive and Social Skills
5. Virginia Beach Plastic Surgeon Uses Social Media for Good Cause
6. NTU designs social media and web system that can predict dengue hotspots
7. FuneralFinancials.com Gives Advice Regarding Social Media
8. South Bay Vascular Center and Vein Institute Launches Social Media Campaign to Promote Foot Health Awareness, and Gives Tips to Keep Feet Healthy
9. Taunton Attorneys Help Seekonk Man Receive over $78,000 in Past-Due Social Security Disability Benefits
10. Birmingham Maple Clinic Reports that Positive Social Support and Strong Mental Health Key to Positive Elective Mastectomy Outcomes
11. Youth Social Engagement Platform Rocket21 Partners with One Million Bones to Send High School Youth Activist Team to Washington, D.C.
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/23/2017)... CA (PRWEB) , ... May 23, 2017 , ... London, ... was honored to serve earlier this month as a Guest Speaker and Contributor to ... British Royal Family and Common Purpose. , Walter Schindler and ...
(Date:5/23/2017)... ... May 23, 2017 , ... By all indications, and due to months ... officials call for diligence, asking homeowners to scout for any open water sources that ... with the annoying buzz of mosquitos is the buzz associated with potential infections stemming ...
(Date:5/23/2017)... ... May 23, 2017 , ... MedTech ... in the modern ART laboratory, to provide hands-on training utilizing cutting-edge equipment at ... NextGen LifeLabs, a MedTech Group Purchasing vendor , will provide specialized equipment ...
(Date:5/23/2017)... ... May 23, 2017 , ... New patients from Charleston, SC, are ... dentist practicing in Mt. Pleasant, SC, with or without a referral. A full mouth ... with missing teeth in Charleston, SC. Those who suffer from gum disease, ...
(Date:5/23/2017)... CA (PRWEB) , ... May 23, 2017 , ... New ... gums and chronic bad breath, can now receive laser gum disease treatments from the ... Douglas Campbell and David Landau are raising awareness of the importance of receiving qualified ...
Breaking Medicine News(10 mins):
(Date:5/9/2017)...  Oramed Pharmaceuticals Inc. (NASDAQ: ORMP ... focused on the development of oral drug delivery ... Office has granted Oramed a patent titled, "Methods ... patent covers Oramed,s invention of an oral glucagon-like ... incretin hormone that stimulates the secretion of insulin ...
(Date:5/6/2017)... IRVING, Texas , May 5, 2017   Provista ... 1994 with more than 200,000 customers, today announced Jim ... brings a wealth of executive and business experience to Provista, ... a compounding pharmacy in California . He ... "Jim is a great fit for Provista," says ...
(Date:5/4/2017)... , May 4, 2017  A recent study ... Ultraviolet-C light as a means of ... ability to reduce bioburden on anesthesia workstations. In ... on high-touch, complex medical equipment surfaces contaminated with ... "This study further validates the body ...
Breaking Medicine Technology: