Shortcut Navigation:

AFL-CIO Now

Showing blog posts tagged with Social Security

'Corporate Pirates of the Caribbean' Report Seeks to Widen Tax Haven Loopholes

Photo courtesy IPS

A new report from the Institute for Policy Studies (IPS), called Corporate Pirates of the Caribbean, details how the CEOs who make up the group Fix the Debt, a group pushing for harsh austerity measures, are set to make even higher profits off of the policies they are pursuing in the name of "balancing the budget." Fix the Debt's members are pushing for cuts to Social Security, Medicare and earned social insurance benefits, while seeking to widen tax haven loopholes by creating a "territorial" tax system, which would earn them as much as $173 billion.

Read more and comment »

Everyone Deserves to Retire in Dignity: Let's Strengthen Social Security and Medicare

Photo via National Committee to Preserve Social Security and Medicare (NCPSSM)

Here's a stat that might surprise you: Nearly half of our nation's 41 million seniors are economically vulnerable, meaning their income is less than two times the supplemental poverty threshold.

Benefit cuts to Social Security and Medicare would severely impact these seniors' ability to afford health care, food and other basic living necessities, according to a new Economic Policy Institute study.

Read more and comment »

The Great Austerity Experiment Has 'Failed Spectacularly'

The Center for American Progress (CAP) is publicly calling on Congress to abandon job-killing cuts and "grand bargains"—which aren't so "grand" for America's working families—and focus on what the country really needs: jobs. 

Read more and comment »

Understanding the Need for Full Employment

Understanding the Need for Full Employment

Last week, the Social Security Trust Fund report was released. One of its more telling charts was of the trend in Social Security revenue. Social Security revenue comes from a tax on the wages of earners, paid by both employees and employers. So, essentially it tracks the level of employment. Based on the simple trend of revenues from 1990 to 2007, just before the Great Recession started, 2012 revenue would have been $899.4 billion; instead, it was $840 billion.  That gap means less money to build up the Social Security Trust Fund than expected. The trustees do not break down the revenue by the age of workers, but based on the dramatically lower employment experience of young workers, the bulk of that gap reflects the lost wages of young people.

Read more and comment »

Want to Know the Truth About ‘Austerity’? Ask Damon Silvers in a Tweet Chat

Want to Know the Truth About ‘Austerity’? Ask Damon Silvers in a Tweet Chat

Join Damon Silvers, director of policy and special counsel for the AFL-CIO, June 5 from 3–4 p.m. EDT for a live Twitter chat that will explode the economic myths peddled by the “austerians” and offer a range of alternatives and an economic vision that will work for working families. 

Read more and comment »

Trumka and Coyle: Social Security 'Continues to Work'

AFL-CIO President Richard Trumka and Alliance for Retired Americans Executive Director Edward Coyle today issued this joint statement on the 2013 Social Security and Medicare Trustees Report:

The most important message from the 2013 Social Security Trustees Report is that our Social Security system continues to work for the American people.  After years of economic crisis for working families, Social Security is in better shape and more dependable than 401(k)s, private pensions or any other public or private program. We must call out those who will try to misuse today’s report as political cover for unwarranted and ill-advised benefit cuts, like switching to the “chained CPI” to calculate Social Security’s annual cost-of-living increase (COLA).

Read more and comment »

What Planet Is the Washington Elite on in Debating Social Security?

The National Academy of Social Insurance, a Washington-based organization of academics and policymakers who are experts on Social Security and other parts of the Social Security Act, released a recent survey of what Americans think about Social Security and how to “fix” it. Their report that came out last week is very telling of why Americans feel so disconnected from Washington.

Read more and comment »

Trumka: The 'Grand Bargain' Is a Dead End

Most voters agree that big corporations and the wealthy should start paying their fair share in taxes. But, of course, big corporations and the wealthy don’t want to do that. They want to pay less, and they are used to getting their way. So what do you do?

Read more and comment »

'Chained CPI Not a Tweak: It’s a Cut to Social Security,' Alliance Members Tell Congress

'Chained CPI Not a Tweak: It’s a Cut to Social Security,' Alliance Members Tell Congress

After Medicare deductions, Marty Alvarado has about $950 left in her monthly Social Security check. The Alliance for Retired Americans members from Dallas told a Capitol Hill Hands Off Social Security summit of Alliance members, lawmakers, senior activists and Social Security advocates:

As you might imagine that’s very difficult to live on. I cannot afford to lose any of my benefits due to the chained CPI cut in benefits. This is especially important to me as a woman. Women represent 57% of all Social Security beneficiaries. Chained CPI would hit female beneficiaries especially hard because we tend to live longer.

Read more and comment »

Want to Stop the Social Security 'Chained' CPI Cut? Here's How

'Chained' CPI would hurt current and future seniors.

Sen. Sherrod Brown (D-Ohio) and Daily Kos are taking action to stop the measure to cut Social Security benefits known as "chained" CPI. 

Take a moment to sign their petition to the U.S. Senate.

Read more and comment »

Online Community

Connect With Us

  • Facebook
  • Twitter
  • YouTube
  • Flickr

Get Email from AFL-CIO

Are you a union member?

GET TEXT FROM AFL-CIO

*Message and data rates may apply.

Facebook Favorites

Blogs

Join Us Online