Ecuador Forum

windshadow
Joined 2011
Posts: 1816

7 years ago

Social Security info from EW today.

7 years ago

I contacted E. Warren for some insight on pending SSI proposals. Here is a copy of the info I received.

Dear ####,

Thank you for contacting me about the cost of living adjustment for Social Security and other federal programs.

On January 1, 2016, for just the third time since 1975, seniors and people with disabilities who receive Social Security did not get an annual cost of living adjustment. Millions of other Americans whose veterans' benefits or other monthly payments are pegged to Social Security's formula will also not have their benefits adjusted.

That's why I introduced the Seniors and Veterans Emergency Benefits Act (SAVE Benefits Act), which will give Social Security recipients – including individuals with disabilities, veterans, retired federal, state, and local government employees, and other retirees a one-time 3.9% payment in 2016 -- the same raise that America's top CEOs received last year. The bill is paid for entirely by closing a tax loophole that allows corporations to write off obscene executive bonuses as a business expense for "performance pay" -- a loophole that would generate so much revenue that we could give every senior this $581 check and still have money left over to extend the life of the Social Security trust fund.

Giving seniors a little help with their Social Security and stitching up corporate tax write-offs isn't just about economics; it's about our values. That's why I introduced the SAVE Benefits Act.

I appreciate your reaching out to me about this issue, and please do not hesitate to contact me in the future about issues of importance to you.

Sincerely,

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Elizabeth Warren
United States Senator

Washington, DC
317 Hart Senate Office Building
Washington, DC 20510
Phone: 202-224-4543 Boston, MA
2400 JFK Federal Building
15 New Sudbury Street
Boston, MA 02203
Phone: 617-565-3170 Springfield, MA
1550 Main Street
Suite 406
Springfield, MA 01103
Phone: 413-788-2690

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