August Educate Congress
Social Security has been guaranteeing a steady income for seniors and the disabled for 81 years this month. Now is the time to work on expanding these benefits and implementing 21st century changes regarding Cost of Living Adjustments (COLA) and preparing to provide benefits for future generations.
Supports policies to protect and expand Social Security and secure its long-term future in a fair and responsible manner.
This bill directs the Department of the Treasury to disburse a payment equal to 3.9% of the average amount of annual benefits to certain individuals (except prisoners, fugitive felons, or aliens) who are entitled to a specified benefit under title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SSA), an annuity under the Railroad Retirement Act of 1974, a veterans benefit, or are eligible for a cash benefit under SSA title XVI (Supplemental Security Income), including a special benefit for individuals who perform substantial gainful activity despite severe medical impairment.
A refundable income tax credit is allowed for the first taxable year beginning in 2015 in an amount equal to $581 for certain eligible government retirees who do not receive such a payment.
Immediately subjects earnings above $250k to the payroll tax. Creates temporary “doughnut hole” of earnings not taxed between current cap and $250k, which will close steadily as the current cap grows to $250k. Switches to the more accurate CPI-E. Changes the benefit formula in a way
Provides an across the board 2% increase for all beneficiaries so that all Social Security recipients would see an immediate benefit increase starting in 2015. Switches to the more accurate CPI-E.
Ensures millionaires and billionaires pay the same rate as the rest of Americans by gradually eliminating the Social Security tax cap. Changes the benefit formula in a way which boosts benefits for all Social Security beneficiaries by approximately $70 per month. Benefit increase is targeted to
This bill directs the Department of the Treasury to disburse a payment equal to 3.9% of the average amount of annual benefits to certain individuals (except prisoners, fugitive felons, or aliens) who are entitled to a specified benefit under title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SSA), an annuity under the Railroad Retirement Act of 1974, a veterans benefit, or are eligible for a cash benefit under SSA title XVI (Supplemental Security Income), including a special benefit for individuals who perform substantial gainful activity despite severe medical impairment.
A refundable income tax credit is allowed for the first taxable year beginning in 2015 in an amount equal to $581 for certain eligible government retirees who do not receive such a payment.
Click on the link to download and print the letter for your Senator(s) and Representative.