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National Commitee to Preserve Social Security & Medicare

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Benefits Watch Newsletter

Insider’s Report: House Budget Committee Wants a Commission to Recommend Benefit Cuts

People talking at mic

House Budget Committee Chairman Jodey Arrington released a budget resolution that promises to balance the budget by making steep cuts to programs and services relied on by millions of older Americans.

Specifically, the budget plan proposes a bipartisan debt commission that could recommend cuts to Social Security and Medicare. In June, Speaker of the House Kevin McCarthy indicated he was working to create a commission that would be tasked with finding spending cuts in seniors’ earned benefit programs.

Commissions like this are intended as a vehicle for enacting deep cuts to Social Security and Medicare that could never pass Congress on their own because of their unpopularity with the voting public.

In the past, commissions like this have been given the power to fast-track proposals through Congress — proposals that would likely include raising the retirement and Medicare eligibility ages, slashing the annual Cost-of-Living Adjustment (COLA) and privatizing Social Security and Medicare for the benefit of Wall Street brokers and huge insurance companies.

Fiscal commissions are also meant to insulate lawmakers from the public backlash over such harmful benefit cuts — which makes them even more dangerous.

Of course, these sham commissions never discuss raising additional revenue to strengthen the Trust Fund programs — for instance, by asking the wealthy to pay their fair share into Social Security to help strengthen the solvency of that program …

… instead their sole purpose is to slash the social insurance safety.

We must respond to this emerging threat to seniors’ earned benefits ASAP! Help us send a strong message to Speaker McCarthy and other hardliners in Congress who want to scapegoat seniors’ benefits for our nation’s debt crisis. Please SIGN OUR URGENT PETITION TO CONGRESS TODAY!

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2023 Harkin Retirement Security Symposium

Social Security Symposium

The National Committee to Preserve Social Security and Medicare participated in a special Social Security symposium hosted by former U.S. Senator Tom Harkin and the Harkin Institute of Drake University. Featuring National Committee President Max Richtman and other prominent leaders from the national advocacy community, the summit took place on September 13th at the National Education Association headquarters in Washington, DC. The focus of the event was “preserving and enhancing Social Security for future generations.”

According to NCPSSM President & CEO Max Richtman, “We applaud the Harkin Institute for bringing together so many thought leaders in this field at a time when Social Security faces considerable financial and political challenges. Events like this are crucial to ensure that the program is protected and expanded rather than cut and privatized, as some in Washington have proposed.”

Ask Us

Ask Us!

Whether you’re retired or approaching retirement, our team of experts in the field of Social Security policy is available to answer your questions about benefits.

 

You can either search our archives for valuable advice on a broad range of concerns or submit your question here.

This week’s question is: I was always the primary earner. I am also 7 years older than my husband. I started taking Social Security at 66. He will turn 62 this year. His full Social Security benefit will be less than 1/2 of mine. If he files for his reduced benefits at 62, can he switch to half my benefits at full retirement age with no decrease in them? Or does his early reduction for his benefit transfer to mine for him?

Click here to read the answer.

Ask Us

Ask Us

Whether you’re currently retired or approaching retirement, we can help answer your questions and provide valuable advice on Social Security.

 
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Your support sustains our campaigns in Washington to protect and strengthen Social Security and Medicare.

Social Security Benefits

Social Security Benefits

Learn more about the Social Security program and the policies the National Committee supports that would strengthen your earned benefits.

Would a Government Shutdown Affect Social Security and Medicare?

The good and bad news about a government shutdown. Even if the government shuts down at the end of this week because of House Republican intransigence, Social Security benefits will continue to be paid and customer service for retirees should not get significantly worse — in the short term, anyway. (September 25, 2023, www.ncpssm.org, Entitled to Know blog)

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House GOP Spending Proposal Would Slash Social Security Administration Funding

To keep the government open, House Republicans want a huge cut in funding for the Social Security Administration (SSA), which is already struggling to provide customer service after a decade of underfunding. "SSA’s customers would wait significantly longer for services," says NCPSSM's Maria Freese. (September 18, 2023, www.ncpssm.org, Entitled to Know blog)

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Lawmakers Want to Boost Social Security Payments by Changing the Way COLA Is Calculated

"The CPI-E has been under review for four decades,” the National Committee said, adding that “it is time for the federal government to … conclude its analysis and adopt a more accurate consumer price index for the elderly.” (September 15, 2023, Money, Mary Ellen Cagnassola)

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Groups Blast GOP Budget Over ‘Death Panel’ for Social Security

While the language in the new GOP budget resolution doesn’t allow for fast-tracking or bypassing the legislative process, NCPSSM worries that if a special commission is created through legislative action, it could include those provisions. (September 19, 2023, Think Advisor, Melanie Waddell)

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Washington Bracing for Federal Government Shutdown

“Our seniors deserve to be a priority,” Max Richtman, a former staff director at the U.S. Senate Special Committee on Aging and president and CEO of the nonprofit National Committee to Preserve Social Security and Medicare, wrote in an op-ed.

(September 13, 2023, The Washington Informer, Stacy M. Brown)

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It’s Time to Repeal WEP & GPO, Says NCPSSM & National Task Force

NCPSSM participated in an event on the Capitol Grounds Wednesday to call for the repeal of the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), which prevent millions of public employees and their families from collecting full Social Security benefits. (September 14, 2023, www.ncpssm.org, Entitled to Know blog)

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Inequality Worse for Social Security Than Low Birthrates, Chief Actuary Says

In remarks at the 2023 Harkin Retirement Security Symposium, NCPSSM president Max Richtman recommended that Congress explore taxing investment income at the same level as wages and/or lifting the Social Security payroll wage cap (in order to bring more revenue into the system). (September 13, 2023, PLAN SPONSOR, Paul Mulholland)

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