skip to main content
skip to newscasts

Wednesday, April 24, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Day two of David Pecker testimony wraps in NY Trump trial; Supreme Court hears arguments on Idaho's near-total abortion ban; ND sees a flurry of campaigning among Native candidates; and NH lags behind other states in restricting firearms at polling sites.

view newscast page
play newscast audioPlay

The Senate moves forward with a foreign aid package. A North Carolina judge overturns an aged law penalizing released felons. And child protection groups call a Texas immigration policy traumatic for kids.

view newscast page
play newscast audioPlay

Wyoming needs more educators who can teach kids trade skills, a proposal to open 40-thousand acres of an Ohio forest to fracking has environmental advocates alarmed and rural communities lure bicyclists with state-of-the-art bike trail systems.

Fla. Lawmaker Seeks Change in Social Security Calculation

play audio
Play

Tuesday, October 20, 2015   

ORLANDO, Fla. – Many seniors receiving Social Security are still digesting the news that their benefits will remain flat next year, and one Florida lawmaker says the real problem is that the wrong numbers are being crunched.

Congressman Alan Grayson, D–Orlando, calls it "mind-boggling" that the decision whether or not to give seniors a cost-of-living adjustment is based on the Consumer Price Index (CPI) for Urban Workers.

"The Social Security Administration determines how much to increase Social Security benefits based upon the seniors' cost of living, but it doesn't take into account what seniors actually spend," he says. "It's like the IRS assessing your taxes based upon Donald Trump's income."

Grayson has introduced legislation which would tie future adjustments to a tool called the Consumer Price Index for the Elderly, which more closely reflects spending habits of senior citizens, including rising health care costs. Last week the Obama administration cited a drop in consumer prices, including the cost of gasoline over the past year, as the main factor for not triggering the typical automatic increase in benefits.

This is only the third time since automatic inflation adjustments began in 1975 that Social Security recipients will not receive a cost-of-living adjustment. Grayson says seniors deserve to have their particular needs and expenses factored into the calculation, and that more than just a cost of living hike should be considered.

"We've had three generations of seniors go through the entire system from start to finish and never receive an extra penny," he says. "Certainly America as a whole is more prosperous than it was in 1975, and it's time that seniors got a little bit of a catch-up."

The Congressional Research Service estimates that using the "senior version" of the CPI would have meant nearly $400 billion more in payments to Social Security recipients over the past 40 years.

In addition to not receiving an increase in Social Security benefits, millions of Americans could see their Medicare premiums spike by 52 percent next year if congressional leaders fail to reach a deal in coming weeks.


get more stories like this via email

more stories
Creedon Newell practices teaching construction skills in Wyoming's new career and technical educator bridge course, designed to encourage trades students and professionals to pursue a career in CTE teaching. (Photo by Rob Hill)

Social Issues

play sound

By Lane Wendell Fischer for the Shasta Scout via The Daily Yonder.Broadcast version by Suzanne Potter for California News Service for the Public News …


Environment

play sound

By Naoki Nitta for Civil Eats.Broadcast version by Suzanne Potter for California News Service reporting for the Solutions Journalism Network-Public Ne…

Social Issues

play sound

Concerns about potential voter intimidation have spurred several states to consider banning firearms at polling sites but so far, New Hampshire is …


Though Connecticut's benefits cliff persists, there are other programs helping people maintain benefits of some kind when their income pushes them over the limit. (Adobe Stock)

Social Issues

play sound

Today, groups working with lower-income families in Connecticut are raising awareness about the state's "benefits cliff" with a day of action…

Social Issues

play sound

Texas Lieutenant Gov. Dan Patrick has released 57 "interim charges," the topics he wants Senate committees to study in preparation for the 89th …

It is estimated the Wild Springs Solar Project in New Underwood, South Dakota, will offset 190,000 metric tons of carbon dioxide emissions per year. (Adobe Stock)

Environment

play sound

The construction of more solar farms in the U.S. has been contentious but a new survey shows their size makes a difference in whether solar projects …

Social Issues

play sound

Minnesota's largest school district is at the center of a budget controversy tied to the recent wave of school board candidates fighting diversity pro…

play sound

Minnesota lawmakers are considering a measure which would force employers to properly classify certain trade union workers and others as employees rat…

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021