Unless Congress acts this week, drastic automatic spending cuts, known as the sequester, will go into effect. Programs vital to seniors like Meals on Wheels, cutting edge medical research, and food safety inspections would be severely cut back. While our Social Security and M... Read more
The fiscal cliff deal passed by Congress last night is a breakthrough in beginning to restore tax fairness. It raises over $700 billion over 10 years by ending the Bush tax cuts for families making over $450,000 a year. The deal does not cut Social Security, Medicare or Medicaid ... Read more
Today, the Social Security Trustees released their annual report on the financial status of Social Security. The report, issued every year, projects Social Security’s income and outgo for the next 75 years. Once again, this year shows that Social Security has a large and growin... Read more
Last week, Congressman Paul Ryan released the Republican's proposed 2013 federal budget. Their proposal would expand tax cuts for millionaires and billionaires, while pulling away critical Medicare and Social Security protections from the middle class. After voters wholehearte... Read more
Today, the Social Security Administration announced that monthly Social Security benefits will increase 3.6 percent in 2012. Additionally, due to an increase in average wages, the maximum amount of wages subject to the Social Security tax will increase to $110,100 from $106,80... Read more
This afternoon, the long-anticipated deal on raising the debt ceiling is expected to pass out of the Senate and signed into law. The good news about the deal is that your letters, emails, protests and calls to Congress have temporarily protected Social Security, Medicare, and ... Read more
On February 16, Governor Quinn released his proposed budget for 2012, which includes eliminating the Illinois Cares Rx program. This crucial program helps seniors on Medicare Part D pay for their deductible, monthly premiums and prescription drugs. Over 200,000 Illinoisans would ... Read more
For the second year in a row Social Security recipients will not receive a cost of living increase in 2011. This Wednesday, Congress is scheduled to vote on a bill to grant a $250 payment to Social Security recipients to make up for the freeze in the cost of living increase. T... Read more
The Co-Chairs of the Washington deficit commission (Erskine Bowles and Alan Simpson) released a report on their recommendations to reduce the national deficit. As expected, the Co-Chairs proposed cuts to Social Security for both current and future retirees. The Alliance for R... Read more