Rep. Paul Ryan Criticized for Views on Social Security
The Democrats are already gearing up to attack Rep. Paul Ryan for his views on Medicare and Social Security. Ryan has spoken out about his desire to privatize the programs.
WASHINGTON — Senate Democrats on Tuesday launched a preemptive strike on Rep. Paul Ryan, who will deliver the official Republican response to President Obama’s State of the Union address.
Ryan, who turns 41 later this week, is viewed as a rising star of the party, a budget hawk who hasn’t been afraid to spark conversations about taking on entitlement programs such as Medicaid and Social Security.
For months, Democrats have tried to tie Ryan’s past proposals to reshape both programs to the rest of the GOP. Since Ryan has taken the helm of the House Budget Committee, the Wisconsonite has been more circumspect in his words. But that hasn’t stopped Democrats from suggesting that Ryan’s views now have the endorsement of the House Republican leadership.
“Paul Ryan owes it to the national audience tonight to… continue reading
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IRS Phone App Released
The IRS has just released a new app in time for the tax season. The app will allow users to check refunds and review new information.
The Internal Revenue Service (IRS) has entered the mobile age with Android and iPhone applications that allow taxpayers to check refunds and get new information.
Released on Monday, the IRS2Go application can be found and downloaded for free on the Apple App Store or Android Marketplace.
“This new smart phone app reflects our commitment to modernizing the agency and engaging taxpayers where they want when they want it,” stated IRS Commissioner Doug Shulman in a press release. “As technology evolves and younger taxpayers get their information in new ways, we will keep innovating to make it easy for all taxpayers to access helpful information.”
The IRS joined the social media revolution in 2009 with a YouTube page, began using Twitter last year, and they even put out a tax tips podcast.
The new mobile app, which is one of only a handful put out by the federal government, promises to a safe and secure way to help… continue reading
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Paperless for Social Security
The government has decided to go paperless for Social Security and Welfare. Now people will get the money by direct deposit.
A rooster is crowing, and an alarm clock chimes. “Wake up, wake up, wake up, it’s the first of the month,” the rap song by Bone Thugs-n-Harmony goes. “To get up, get up, get up, so cash your checks and get up.”
Immortalized in rap songs, examined in books on inner city life and discussed on Facebook, the federal benefits check has developed into a social and cultural icon. The checks have generated a “first of the month” economy in some places, as lottery revenue increases and lines at liquor stores and discount retailers swell. And in some communities, the checks serve as security to borrow cars, get a loan or sleep for a few days in someone’s house in hard times, said Sudhir Venkatesh, a professor of sociology at Columbia University.
But now, the days for such rituals are numbered.
In May, the government will no longer pay someone eligible for benefits with a mailed check. Instead, the money… continue reading
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Spending Cap Proposed by Senators
A bill has been introduced in Congress that would put in place a rigid spending cap. The cap would dramatically reduce Social Security, Medicare and every other federally funded program.
WASHINGTON (AP) — Social Security, Medicare and virtually every other federal program would face the budget ax under legislation unveiled Tuesday aimed at forcing Congress to dramatically cut spending over the coming decade.
The bill, co-sponsored by Sens. Claire McCaskill, D-Mo., and Bob Corker, R-Tenn., would phase in a federal spending cap of just more than 20 percent of the size of the economy, which they said would wring almost $8 trillion from the budget over the coming 10 years.
Cuts of that magnitude would have to fall heavily on Social Security and Medicare, the retirement programs whose costs are being driven sky-high by the retirement of the baby boom generation.
The legislation doesn’t actually propose cuts but instead sets spending caps and enforces them with the threat of automatic, across-the-board reductions. The idea is that the threat of such a meat-ax approach would force lawmakers to make more thoughtful cuts.
Corker said the… continue reading
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Rep. Paul Ryan Criticized for Views on Social Security
The Democrats are already gearing up to attack Rep. Paul Ryan for his views on Medicare and Social Security. Ryan has spoken out about his desire to privatize the programs.
WASHINGTON — Senate Democrats on Tuesday launched a preemptive strike on Rep. Paul Ryan, who will deliver the official Republican response to President Obama’s State of the Union address.
Ryan, who turns 41 later this week, is viewed as a rising star of the party, a budget hawk who hasn’t been afraid to spark conversations about taking on entitlement programs such as Medicaid and Social Security.
For months, Democrats have tried to tie Ryan’s past proposals to reshape both programs to the rest of the GOP. Since Ryan has taken the helm of the House Budget Committee, the Wisconsonite has been more circumspect in his words. But that hasn’t stopped Democrats from suggesting that Ryan’s views now have the endorsement of the House Republican leadership.
“Paul Ryan owes it to the national audience tonight to… continue reading
Looking for Social Security attorneys in Baton Rouge? Contact us today for more information.
Possible to Work and Collect Benefits
Depending on your age and how much you make, it is possible to continue working and collect Social Security at the same time. There are certain restrictions to this rule.
Q. I have a friend who is still working full time at age 74, earning about $40,000. He told me he is also collecting full Social Security benefits. Is that possible and, if so, why? That doesn’t seem right to me, especially since Social Security is in jeopardy.
A. Your friend’s age makes it legal for him to collect full benefits and earn as much as he does, said employment attorney Troy G. Rosasco of Turley, Redmond, Rosasco & Rosasco in Ronkonkoma, N.Y.
“If you work and are full … retirement age or older, you may keep all of your Social Security retirement benefits, no matter how much you earn,” Rosasco said.
Social Security’s full retirement age for people born in 1942 or earlier, a category your friend falls into, is 65. On the other hand, let’s say you chose to receive benefits before full… continue reading
Looking for Baton Rouge Social Security lawyers? Contact us today for more information.
