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Insider's Report: President Biden’s Budget Makes a Bold Commitment to Older Americans

Older man having coffee with friends

President Biden’s FY2022 budget proposal bolsters funding for programs relied on by millions of older Americans, from improved customer service for Social Security beneficiaries to prescription drug pricing reform to expanded Home and Community-Based Services (HCBS).

This White House spending plan is a welcome change after four years of Trump budgets that sought to slash Medicare, Medicaid, and Social Security by hundreds of billions of dollars.

With 10,000 Americans turning 65 every day — and the number of seniors projected to double by 2050 — it’s clear that the President understands the need to safeguard the older Americans he calls ‘pillars of every community,’ now and into the future.

The release of the President’s budget allows Congress to begin negotiating funding levels and spending bills. President Biden proposes to pay for his ambitious agenda by increasing taxes on corporations and high earners, who received a windfall from the Trump-GOP tax law passed in 2017.

 
 
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Good Bills
 

The National Committee endorses the "Social Security Fairness Act" (H.R. 82/S. 1302)" introduced by U.S. Representative Rodney Davis (IL-13) in the House and U.S. Senator Sherrod Brown (OH) in the Senate, which will repeal both the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) provisions of the Social Security Act.

Since their enactment over 30 years ago, these provisions have unfairly prevented millions of Americans, including teachers, firefighters and police officers, from receiving the Social Security benefits that they have earned. Instead of receiving the benefits they’ve paid for through their work and earnings, the WEP slashes the amount received by public servants, leaving them with payments that are a fraction of what they otherwise would have received. Making matters worse, those who are subjected to the GPO experience even more massive cuts in their benefits; in most cases reducing otherwise payable spousal benefits to zero.

 
 
Ask Web
 

Our resident Social Security expert, Webster Phillips — a Senior Policy Analyst for the National Committee and a 31-year veteran at the Social Security Administration — is here to answer your questions about Social Security.

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: We know that everyday people who have worked for 20 or more years die before reaching 65. What happens to all of that money?

Click here to read the answer.

 
 
Poll Results!
 

In the last issue Benefits Watch we asked our readers the following question:

Should Congress devote more attention to aging issues like income maintenance, poverty, housing and long-term care that impact millions of older Americans?

The results from our recent poll are fascinating, but they’re only available to National Committee members! Join the National Committee today and we’ll immediately give you the results of this important poll.

 
 
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Exploring the Need for More Home Care
 

NCPSSM President Max Richtman explains President Biden's "far reaching" proposal to dramatically increase funding for Home and Community-Based Services. "Most seniors would prefer to be at home than in an institution," he tells radio host Lisa Dalga. (May 27, 2021, WMKV, Radio Interview with NCPSSM President & CEO Max Richtman)

Listen Here

 
 
 
Addressing the Need for Homecare Workers
 

"Seniors not only prefer to receive care at home, they're more comfortable, it's less expensive, and these days it's much safer," says NCPSSM President and CEO Max Richtman in Arizona radio interview. (June 9, 2021, KAZM, Radio Interview with NCPSSM President & CEO Max Richtman)

Listen Here

 
 
 
Biden wants $14 billion for the Social Security Administration. The funding could help customer service
 

President Joe Biden’s 2022 budget could give the Social Security Administration a $1.3 billion — or 9.7% — boost in funding. In total, the president is calling for $14.2 billion for the agency for fiscal year 2022. (June 7, 2021, CNBC, Lorie Konish)

Read More

 
 
 
New insights from study of people age 90 and above
 

We're a nation living longer and longer. Over the next 30 years, the number of Americans age 90 and above is expected to triple, and an NIH-funded research study called 90+ at the University of California Irvine is trying to learn all it can right now from a group of men and women who've already managed to get there. (June 1, 2021, 60 Minutes, Lesley Stahl)

Read More

 
 
 
Most Americans support Medicare negotiation despite claims it would hurt innovation
 

A new West Health/Gallup survey finds nearly all Democrats (97%) and the majority of Republicans (61%) support empowering the federal government to negotiate lower prices of brand-name prescription drugs covered by Medicare. Overall, 8 in 10 Americans prefer major government action to control prices over concerns about it hurting innovation and competition from the pharmaceutical industry. (June 3, 2021, EurekAlert!, West Health Institute)

Read More

 
 
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