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Showing blog posts tagged with Social Security

Trumka Says Wall St. Has Not Been Asked to Contribute a Dime in the Name of 'Shared Sacrifice,' Revenue Neutral Tax Reform Is 'Offensive'

Photo by Kevin Dooley/Flickr

AFL-CIO President Richard Trumka called on corporate America today to pay its fair share, saying, "At a time when the 1% have demanded so much sacrifice from working people in the name of deficit reduction, we must ask something of big corporations. That means “revenue positive” corporate tax reform that raises significant amounts of new tax revenue."

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A Rocket Scientist’s Formula for Social Security

It doesn’t take a rocket scientist to come up with a formula to strengthen Social Security, says rocket scientist Rush Holt. Holt, who is also a U.S. House member from New Jersey and a candidate for the U.S. Senate, says we don’t need to raise the retirement age or cut benefits, just lift the cap on the Social Security tax so millionaires and billionaires pay the same rate as working families. Take a look as he explains it in this video. 

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On Medicare's Birthday, Let's Pass the Commonsense Medicare Drug Savings Act

Photo courtesy of the Alliance for Retired Americans/Flickr

As working families celebrate Medicare's 48th birthday, the Alliance for Retired Americans and other advocates are urging Congress to pass the Medicare Drug Savings Act. 

Read some powerful stories about people who would be affected by Medicare benefit cuts

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Mainstream Media Really Like the Idea of Cutting Your Social Security Benefits

Photo by the National Committee to Preserve Social Security and Medicare

Sick and tired of hearing and reading news stories about the pressing need to cut your earned Social Security benefits? So are we. Media Matters shed some light on this fatigue by pointing out a whopping 68% of media coverage on Social Security in the first six months of this year focused on cutting, not strengthening, benefits. 

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Contest Backfires on Social Security Privatizer

Oh, the sweet irony.

Pete Peterson is the conservative billionaire who is a major financier in the effort to dismantle, cut and privatize Social Security, Medicare and Medicaid. Recently he and his foundation held a contest asking folks to submit videos on why it is important to “fix” the national debt of which, he and his foundation falsely claim, Social Security is a major contributor.  

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Chain, Chain, Chains: Don’t Link Chained CPI to Social Security

Virginia AFL-CIO Photo

Holding a red-and-white paper chain, more than 30 Indiana activists formed a human chain outside the U.S. Federal Building in Fort Wayne, Ind., this morning and chanted:

“It's time for us to just say no/Chained CPI has got to go.

We're smart enough to see the lie/So don't you chain our CPI.”

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Join the Human Chain Against Chained CPI

Join the Human Chain Against Chained CPI

Be part of a “Human Chain Against the Chained CPI” on Tuesday—a national day of action to protest proposed cuts to Social Security, veterans' and other federal benefits. The so-called "Chained" CPI proposal would reduce cost-of-living adjustments and prevent benefits from keeping up with inflation. "Chained" CPI has been masquerading as a technical fix, but really it's just a benefit cut.

Find an event near you. 

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Join a Human Chain Against Chained CPI

Join a Human Chain Against Chained CPI

Social Security advocates, senior activists, community and faith allies will form a “Human Chain Against the Chained CPI” in front of congressional offices and federal buildings in more than three dozen cities July 2. The Alliance for Retired Americans’ national day of action is designed to showcase the broad base of support for protecting and enhancing retirement security, not dismantling Social Security inch by inch.

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Here's a Bright Idea: Let's Expand Social Security

Photo courtesy: Iowa Democrats

In a Progressive Leaders Forum Town Hall meeting that will air Wednesday on SiriusXM 27's "The Agenda" radio show, Sen. Tom Harkin (D-Iowa) joined Nancy Altman of Social Security Works, Edward Coyle of the Alliance for Retired Americans and host Ari Rabin-Havt to discuss the future of Social Security, including Harkin's proposed legislation that would expand Social Security benefits. The Strengthening Social Security Act of 2013 (S. 567) would raise the monthly Social Security benefit by about $65 and would measure inflation not with the chained CPI (a benefit cut), but using a more accurate measure of inflation for seniors (the CPI-E).

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Retirement Savings in U.S. Face Staggering Deficit

Retirement Savings in U.S. Face Staggering Deficit

A new report from the National Institute on Retirement Security (NIRS) concludes that the United States faces a staggering retirement savings deficit. America's families are between $6.8 trillion and $14 trillion short of recommended retirement savings targets, it says, according to financial services firms. The Retirement Savings Crisis: Is It Worse Than We Think? finds the typical American family has only a few thousand dollars saved for retirement. Some 80% of working families have retirement savings totaling less than their annual income.

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