The President-Elect has made no secret of his goal to increase payroll taxes on high-earning Americans. The centerpiece of his platform to lightly extend Social Security solvency and increase Social Security benefits is the creation of a new source of Trust Fund revenue: creating an entirely new tax bracket among those previously exempt from payroll…

As of today, the Associated Press (along with most major media outlets) has called the 2020 Presidential Election in Joe Biden’s favor. Recount challenges are ongoing in several close swing state races, and the President has not conceded at this time. This article was written within the context of the information we currently have regarding…

House Representatives Peter DeFazio (D-OR) and John Larson (D-CT) are expected to introduce new legislation today in response to the low COLA set by the Social Security Administration earlier this week. DeFazio and Larson announced Wednesday they will be formally introducing the Emergency Social Security COLA for 2021 Act, a bill that would override the…

Last week, we examined a prediction by The Senior Citizen’s League (TSCL) on next year’s Cost-of-Living Adjustment (COLA). As we mentioned last week, TSCL’s projections are particularly anticipated. Though there are many seniors organizations that take a stab each year at predicting the following year’s COLA, TSCL is notably accurate in its calculations and predictions….