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Showing blog posts tagged with Social Security

Time's Running Out for Congress to Act on Vital Issues

Time's Running Out for Congress to Act on Vital Issues

With the end of the legislative session looming, here’s a look at some of the key working family issues still on the congressional agenda. See the issues after the jump.

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10 Quotes on Social Security from Members of Congress Who Care About Your Retirement

10 Quotes on Social Security from Members of Congress Who Care About Your Retirement

Social Security is the healthiest part of our retirement security system, and protecting and improving Social Security benefits is the best solution. This was the consensus of working families’ advocates and members of Congress at a conference held yesterday by Social Security Works and a coalition of organizations. Among the key proposals suggested by representatives and senators were increasing the monthly Social Security benefits and eliminating the cap on the amount of income people pay Social Security taxes on (currently set at $113,700). 

Check out the 10 Social Security quotes from the conference after the jump.

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Smallest-Ever Social Security COLA Still too Big for 'Chained' CPI Backers

Smallest-Ever Social Security COLA Still too Big for 'Chained' CPI Backers

Next year, the millions of Social Security recipients will see the smallest cost-of-living adjustment ever—just 1.5% or about $19 a month. If the politicians—and their billionaire friends who don’t want to pay the same taxes workers do—who are pressing hard for the "chained" CPI benefit cut had their way, the adjustment would be even smaller than 2014’s historic low.

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So, About That 401(k)? It's Probably Not Going to Be Enough

Photo courtesy 401k 2013

One of the top targets of the 1% has been retirement security for America's working families. In addition to near constant congressional attacks on Social Security and companies attempting to reduce or get out of pension obligations, a widespread and growing tactic is to force employees to shift from defined-benefit plans that pay them a fixed amount each month in retirement, to defined-contribution plans, where the amount paid in is fixed, but payouts in retirement can change over time. This switch to defined-contribution plans, such as 401(k) plans, almost universally means less money to live on for retirees. 

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The Fable of the Long-Term Federal Budget Crisis

The Washington elite are returning to their obsession with the long-term budget crisis, which means extremists are once again calling for benefit cuts to Social Security and Medicare. Last week, as the government reopened, President Barack Obama called for cooler heads to prevail and warned elected leaders to ignore the bloggers and paid activists who have been distracting lawmakers from the real task of growing our economy. The president’s warning should apply also to so-called moderates who continue to succeed in creating a fable to convince rational people to agree to make sacrifices of family-sustaining programs, rather than ask the rich to pay their fair share of taxes.

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ICYMI: AFL-CIO's Damon Silvers Makes It Clear That Safety Net Cuts are Wrong and Working Families Will Fight Them

Photo courtesy the Rappaport Center

Last week, AFL-CIO Policy Director and Special Counsel Damon Silvers made it clear the country's largest labor federation, the AFL-CIO, opposes any benefit cuts to Social Security, Medicare and Medicaid. He said these cuts would harm seniors and that the motivations of those who favor the cuts are suspect, at best.

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After the Insanity—Can the Coalition of the Sane Stay Unified or Will Greed Divide Us?

After the Insanity—Can the Coalition of the Sane Stay Unified or Will Greed Divide Us?

So we seem to be returning to sanity in Washington—the House Republicans agreed to allow our government—the people who inspect our food and forecast the weather, guard our national treasures and calculate our economic statistics—to do its job. And the Republicans have decided that, after all, it is important we honor our commitments—to those who lend us money, to those who served our country and to those who merely worked for a lifetime and paid into Social Security, expecting the promise their country made to them would be kept.

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Shutdown Shut Down

Shutdown Shut Down

After 16 days of a government shutdown that kept vital services behind locked doors for the public, paychecks out of the pockets of hundreds of thousands of federal workers and pushed the economy to the brink of disaster, the Republican government shutdown ended last night when the Senate (81–18) and House (285–144) passed, and President Barack Obama signed, a bill to fund and reopen the government and raise the nation’s debt ceiling.

AFL-CIO President Richard Trumka said:

While it is good news that we have avoided a crisis, we all know that it should never have happened.  No party or faction inside a party should hold our economy hostage to extract political gains.  

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You'll Never Guess What's in the Latest Republican Ransom Note

You'll Never Guess What's in the Latest Republican Ransom Note

letter from 51 Republican House members to Speaker John Boehner (R-Ohio) makes Social Security cuts the latest ransom demand of the Republican hostage-takers in Congress. This may be unwelcome news to the many tea party Republicans who depend on Social Security benefits.

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6 Ways the Grand 'Bargain' Could Hurt People Through Social Security and Medicare Benefit Cuts

6 Ways the Grand 'Bargain' Could Hurt People Through Social Security and Medicare Benefit Cuts

Since the House Republicans have taken America's families hostage in the government shutdown, it's starting to become clear what the end game is: cutting Social Security and Medicare benefits for everyday people in a "grand bargain" that's not so grand for the 99%. 

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