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Public Policy: Social Security
4/17/2014

Facts about the Social Security program including COLA, percentage of people paying into the system, and the percentage of workers covered.
4/16/2014

The Social Security Disability Insurance (SSDI) program is a part of the Old Age, Survivors, and Disability Insurance (OASDI) program administered by the Social Security Administration (SSA). Enacted in 1956, SSDI pays benefits to millions of disabled workers and their dependent family members, providing a crucial source of financial security for people who are severely limited in their ability to work because of a disabling illness or injury. The SSDI program is financed through worker payroll taxes contributed to the SSDI Trust Fund, one of the two trust funds established for Social Security. The other fund is the Old-Age and Survivors Insurance (OASI) Trust Fund. 
4/7/2014

The House Budget Resolution for Fiscal Year 2015, H. Con. Res. 96, was introduced by Budget Committee Chairman Paul Ryan (R-WI) on April 4, 2014.  The budget proposes drastic cuts in federal spending for programs of importance to most low- and middle-income Americans while proposing tax breaks to benefit the very wealthy and large profitable corporations.  This paper summarizes some of the key proposals in the House Republican FY 2015 budget that would affect seniors and people with disabilities who rely on Medicare, Medicaid and Social Security. 
3/6/2014

On March 4, 2014, President Obama submitted his Fiscal Year (FY) 2015 budget to the Congress. The budget proposes a total spending level of $1.014 trillion in FY 2015. This paper summarizes some of the key proposals affecting seniors in the President's FY 2015 budget.
5/23/2013

President Obama’s 2014 budget proposal includes a plan to change the way Social Security cost-of-living adjustments, or COLAs, are calculated by adopting the “chained” consumer price index (CPI).  The National Committee has been vocal in its opposition to the chained CPI because it does not accurately measure the purchasing patterns of our elderly population.  We urge the adoption of a CPI for the elderly, or CPI-E, as a more accurate means of calculating Social Security COLAs.  An in-depth examination of the CPI-E follows.
4/24/2013

It is estimated that there are about 11 million undocumented workers in the United States today. These immigrants come to our country to work. They contribute to the economic health of our nation. They also make substantial contributions to Social Security through the payroll tax, even though neither they nor their families are eligible to receive benefits. The National Committee to Preserve Social Security and Medicare believes that bringing undocumented workers into our national family would be beneficial for the country and good for Social Security as well.
2/27/2013

According to the Social Security Trustees, the Social Security Trust Fund will be able to pay full benefits until 2036, and incoming payroll taxes will be sufficient to pay about 77 percent of benefits thereafter. Some are using this modest gap in long-term funding as a pretext to justify proposals for large cuts in Social Security benefits destined to reduce the federal deficit. One option being discussed would eliminate Social Security benefits for higher-income individuals - that is, means-testing Social Security.
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