For some, the flurry of activity has sparked concern, while others appreciate that the new administration is quickly getting to work. Either way, retirement programs such as Social Security and Medicare sit in the crosshairs of many proposed changes. “There is a clear indication that ...
The Senate is reportedly set to vote on a bill boosting Social Security payouts to public sector workers who receive pensions and did not pay taxes to support Social Security while working in the public sector… If it passes, the proposal will cost nearly $200 billion… That’s because this...
"This bill will take $200 billion during the 10-year period out of the Social Security trust fund without any way to pay for it," the North Carolina Republican added. What is the Social Security Fairness Act? Decades in the making, the Social Security Fairness Act would repeal two federal...
Bushappointed a commission to examine his proposed changes to Social Security, but his first term was dominated by responses to the9/11 attacks. Bush again touted personal accounts in his successful 2004 reelection campaign. However, after he was reelected, he revised his plan and called for ...
“It just says that we’re not going to tax Social Security. Full stop.” The bill also includes language requiring funds be transferred into the Social Security trust funds to cover the loss of the tax income. That money is to come “out of any money in the Treasury not otherwi...
Though the alternative bill proposed by Arrington would not address the GPO, it would provide a "fairer formula" for the WEP, Boccia said. However, broader changes are needed to shore up the program's finances. "We should reform Social Security so that it provides basic income security ...
The issue split the GOP, as more Republican senators backed the bill than opposed it. Sen. Rand Paul (Ky.) was the leading GOP voice critical of the legislation. He offered an amendment, which was resoundingly defeated, to gradually raise the age for Social Security to 70. ...
However, the bill does not specify any penalty or legal implications for not adhering to the 2% CSR mandate. The enactment of a new legislation in 2013 could prove to be a turning point for Corporate Social Responsibility (CSR) activities in India. Most Indian private companies so for ...
The bill aims to strengthen Social Security for the rest of this century. Its key features includes an increase that will amount to a 2% boost to the average benefit, a new minimum benefit that will be 25% above the poverty line, cutting taxes on non-Social Security income and changing t...
The Central Financial Work Conference 2023 proposed for the first time to accelerate the building of China into a financial powerhouse, which set new goals and pointed new directions for the financial work in China. CCB, as a state-owned large-scale commercial bank in China, will continue to ...