Tag Archives: Social Security

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Sep 3, 2012 by

Watch our first TV ad, share the video with your friends, and join our campaign at whitehouseforsenate.com

“Over the last few years, Rhode Islanders have shown tremendous perseverance through some very difficult times. The courage of good people all across our state inspires me every day.
This video tells the story of a few individuals who have overcome so much to keep jobs in our state, hold on to their homes, deal with difficult health issues and to earn the Medicare and Social Security they depend on today. They represent the struggles and concerns of so many Rhode Islanders.
It’s stories like these that make me fight so hard for the things that matter most to our middle class families in the Senate,” U.S. Senator Sheldon Whitehouse.

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Pelosi and House Dems in the Newsroom


 

                Pelosi Statement on Implementation of Obama Administration Directive on DREAM-Eligible Youth

“It was one of the proudest accomplishments of the Democratic-led House to pass the DREAM Act with a bipartisan vote in 2010; it was one of our great disappointments to see action blocked by Republicans in the Senate.  Democrats will continue to push to pass the DREAM Act and to enact bipartisan comprehensive immigration reform that secures our borders, upholds the rule of law, protects our workers, unites families, and provides a pathway to legalization.”

August 15, 2012

                Pelosi Statement on 77th Anniversary of Social Security

“Democrats will always stand strong for Social Security, for Medicare, and for our nation’s seniors.”

August 14, 2012

                Pelosi Statement on Congressman Dennis Cardoza

“Congressman Cardoza saw the need for national action to stem the foreclosure crisis firsthand in his own district. He has been a dogged advocate in demanding action, progress, and accountability in addressing the housing needs for the people of California’s Central Valley and for all Americans.”

August 14, 2012

                Pelosi Statement on House GOP Lawsuit Against Attorney General Holder

“This partisan lawsuit wastes taxpayer dollars and resources, and is a distraction from the urgent business before Congress: acting to create jobs and grow our economy.  It is also designed to distract the Justice Department from its critical job of challenging state laws designed to restrict the rights of Americans to vote.”

August 13, 2012

                Pelosi Statement on Congressman Paul Ryan

“There is no question that former Governor Romney now owns the Republican, Ryan budget that puts millionaires ahead of Medicare and the middle class. Congressman Paul Ryan led House Republicans in voting to end the Medicare guarantee, which increases costs on seniors and weakens America’s great middle class in order to give tax breaks to millionaires, Big Oil and corporations that ship jobs overseas.”

August 11, 2012

                Pelosi Statement on Congressman Hansen Clarke

“From his first days in the House, Congressman Clarke made his presence known as a fierce fighter for the rights and protections of homeowners – in Detroit and nationwide – hardest-hit by the foreclosure crisis.  Hailing from the ‘motor city,’ he worked to ensure that manufacturing jobs stay on our shores and pay our workers a decent wage, and he acted to invest in new technologies.  He pushed legislation to protect our homeland security and promote a responsible foreign policy.”

August 08, 2012

                Pelosi Statement on Congressman Russ Carnahan

“Throughout his time in the House, Congressman Carnahan has advanced his top priority – putting people to work – by advocating investments in transportation and infrastructure, and by working to keep good-paying jobs at home.  As a leader on foreign affairs, he promoted a vision of American leadership founded in active engagement on the global stage.  As a powerful voice for the members of our Armed Forces, he acted to ensure that we serve our veterans as well as they have served us.”

August 08, 2012

                Pelosi Statement on Shooting in Oak Creek, Wisconsin

“The devastating actions of this lone gunman have no place in our country and in our society.  This shooting was not simply an assault on a single congregation of Sikhs; it was an offense against peaceful, innocent people.  We condemn this attack in the strongest terms possible.”

August 06, 2012

                Pelosi Names Liz Pardue as New Deputy Director of Floor Operations, Announces Departure of Lori Pepper

Washington, D.C. – Democratic Leader Nancy Pelosi announced today that she has named Liz Pardue as her office’s new Deputy Director of Floor Operations.  Pardue begins her duties this month.

August 03, 2012

                Pelosi Statement on Anniversary of Credit Downgrade

“We now know that Republicans’ partisan political brinksmanship cost taxpayers at least $1.3 billion in borrowing costs.   Yet Speaker Boehner and his Republican colleagues are threatening more of the same, pledging to hold the debt limit, the American economy, and middle class tax cuts hostage once again.”

August 03, 2012

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It’s an American Classic – Our Social Security System


 
What’s an American classic? Something that stays fresh and wonderful generation after generation. Something that says, “This is America.” Like ice cream cones. The Statue of Liberty. Sunday drives. The March on Washington and “I have a dream.” I Love Lucy.And our Social Security system.

Social Security - It's An American Classic! Celebrate Social Security’s birthday. Share this on:

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On this date in 1935, President Franklin D. Roosevelt signed the Social Security Act. On its 77th birthday, we hail Social Security as an American classic! Why?

  • Social Security has brought Americans together across generations. Working together, we’ve built a system that provides income and security for workers and their families when they need it — when income is lost due to retirement, disability, or death.
  • For three-quarters of a century, through wars, recessions, natural disasters — and stock market crashes — Social Security has made every payment, on time and in full.
  • Social Security is the foundation of retirement security for most Americans — especially women. Without income from Social Security, half of women 65 and older would be poor.
  • Social Security is a family insurance plan that protects young workers, their spouses, and their children. More than 3.2 million children rely on Social Security.

And Social Security is still going strong! Even with no changes, it can pay 100 percent of promised benefits for the next 20 years, and 75 percent of promised benefits after that. Yes, there’s a long-term shortfall. But to put it in perspective: eliminating the entire 75-year shortfall costs about as much as extending the Bush-era tax cuts for the richest two percent.
Social Security will only turn 77 once! To celebrate this American classic you can:

When he signed the Social Security Act, President Roosevelt said that this law “represents a cornerstone in a structure which is being built but is by no means complete.” Since 1935 Americans have expanded and improved this structure, providing benefits for widows and children, workers with disabilities, benefits for divorced spouses (initially, after a 20-year marriage, later reduced to 10 years), eliminating sex discrimination in the award of benefits, and providing automatic cost-of-living adjustments (COLAs) that help protect the value of Social Security benefits from eroding over time.
We need your help to protect and strengthen Social Security! Later this year, Congress will make far-reaching budget decisions — and cuts to Social Security benefits, particularly by reducing annual cost-of-living adjustments, are reportedly on the table. After Congress returns, we’ll keep you posted and make it easy for you to take action to protect Social Security. In addition, the policy makers we choose in November will make important decisions about the future of our Social Security system. So be sure you’re registered to vote!
Sincerely,
Joan Entmacher Joan Entmacher Vice President, Family Economic Security National Women’s Law Center   

P.S. Want to learn more about what Social Security means to women and families in your state? Check out our state-by-state fact sheets!
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Trends in the Distribution of Household Income, 1979-2007


Congressional Budget Office

 Presentation to the National Tax Association 2012 Spring  Symposium – Click on link below

http://p.feedblitz.com/t2.asp?/812526/27858637/4189362/http://feeds.feedblitz.com/~/t/0/0/cbospublications/~http://www.slideshare.net/cbo

After-Tax Income Grew More for Highest-Income Households

After-tax income for the highest-income households grew more than it did for any other group. (After-tax income is income after federal taxes have been deducted and government transfers—which are payments to people through such programs as Social Security and Unemployment Insurance—have been added.)

CBO finds that, between 1979 and 2007, income grew by:

  • 275 percent for the top 1 percent of households,
  • 65 percent for the next 19 percent,
  • Just under 40 percent for the next 60 percent, and
  • 18 percent for the bottom 20 percent.

Shares of Income After Transfers and Federal Taxes, 1979 and 2007

The share of income going to higher-income households rose, while the share going to lower-income households fell.

  • The top fifth of the population saw a 10-percentage-point increase in their share of after-tax income.
  • Most of that growth went to the top 1 percent of the population.
  • All other groups saw their shares decline by 2 to 3 percentage points.

Market Income Shifted Toward Higher-Income Households

Shifts in the distribution of market income underlie most of the changes in the distribution of after-tax income. (Market income—or income before taxes and transfers—includes labor income, business income, capital income, capital gains, and income from other sources such as pensions.)

  • Each source of market income was less evenly distributed in 2007 than in 1979.
  • More concentrated sources of income (such as business income and capital gains) grew faster than less concentrated sources (such as labor income).

Government Transfers and Federal Taxes Became Less Redistributive

Government transfers and federal taxes both help to even out the income distribution. Transfers boost income the most for lower-income households, while taxes claim a larger share of income as people’s income rises.

In 2007, federal taxes and transfers reduced the dispersion of income by 20 percent, but that equalizing effect was larger in 1979.

  • The share of transfer payments to the lowest-income households declined.
  • The overall average federal tax rate fell.
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Social Security … get the answers


How to Get Quick Approval for Certain Disability Claims

 The Social Security Administration provides long-term disability benefits to U.S. workers who are unable to work for more than 12 months due to a physical, mental or emotional medical condition.

Although evaluating each case might take several months or even years, Social Security can fast-track the process for some cases if they fall under its Compassionate Allowances Program.

Learn more about the Social Security Compassionate Allowances Program.