Ukrainian Easter Eggs |
From the Associated Press:
Most U.S. adults are opposed to proposals that would cut into Medicare or Social Security benefits, and a majority support raising taxes on the nation’s highest earners to keep Medicare running as is.
The new findings, revealed in a March poll by The Associated Press-NORC Center for Public Affairs Research, come as both safety net programs are poised to run out of enough cash to pay out full benefits within the next decade.
Few Americans would be OK with some ways politicians have suggested to shore up the programs: 79% say they oppose reducing the size of Social Security benefits and 67% are against raising monthly premiums for Medicare. ...
Instead, a majority — 58% — support the idea of increasing taxes on households making over $400,000 yearly to pay for Medicare, a plan proposed by President Joe Biden last month. ...
Three-quarters of Americans say they oppose raising the eligibility age for Social Security benefits from 67 to 70, and 7 in 10 oppose raising the eligibility age for Medicare benefits from 65 to 67. ...
While most support increasing taxes on households earning more than $400,000 a year to pay for Medicare, the poll shows a political divide on doing so: 75% of Democrats support the tax but Republicans are closely divided, with 42% in favor, 37% opposed and 20% supporting neither. ...
So why do Republicans in Congress keep talking about raising full retirement age and keep refusing to consider any changes to FICA? That's what their big money donors want; their rank and file members not so much.
From the Urban Institute:
Join the Urban Institute for a conversation with Kilolo Kijakazi, acting Social Security Administration (SSA) commissioner, and Sarah Rosen Wartell, president of the Urban Institute. They will discuss the challenges and opportunities facing SSA. In 2023, SSA will administer benefits and payments for over 70 million people, and Social Security will cover about 181 million workers and their families.
Following the conversation with Kijakazi, an expert panel will discuss challenges facing Social Security retirement and disability programs. Researchers will present policy options that could promote equity and bolster the financial security of retirees, people with disabilities, and their families in the wake of the COVID-19 pandemic. ...
You can attend this by Zoom. It's at 2:00 Eastern Time on Tuesday, April 11.
From Semafor:
The closely watched effort by a club of Senate moderates to craft a bipartisan Social Security reform plan may be stalling out for the foreseeable future. ...
No Democrats so far are willing to sign on as original co-sponsors of a potential final proposal, despite the fact that Sens. Tim Kaine of Virginia, D-Va., and Kyrsten Sinema, another independent who caucuses with Democrats, form part of the bipartisan gang. Both are up for re-election in 2024. ...
And no Republican would have been a sponsor for a bill that increases taxes so the whole thing was a waste of time. Nobody in Congress is willing to admit they favor a "bipartisan" approach. Nobody.
Nearly 8 in 10 Americans said in a new poll that they would oppose the federal government raising the full retirement age for Social Security from 67 to 70.
In a new Quinnipiac University poll published Thursday 78 percent of respondents said they would oppose the move, while 17 percent of those surveyed said they would support it.
In the survey, 77 percent of Republican respondents said they would oppose raising the full retirement age for social security, while 81 percent of Democrat respondents and 75 percent of independent respondents also agree with the same sentiment. ...
One hundred and six (if I've counted correctly) members of Congress have signed a letter to the Chairman and Ranking Member of the House Appropriations Subcommittee having jurisdiction over Social Security asking that the Social Security Administration receive the full funding requested by the Biden Administration for the next fiscal year.
From Does the Drop in Child SSI Applications and Awards During COVID Vary by Locality? a study by Michael Levere, Jeffrey Hemmeter, and David Wittenburg:
Child applications and awards for Supplemental Security Income (SSI) fell sharply at the outset of the COVID-19 pandemic. Cumulative applications from April to September 2020 were about 30 percent lower than applications over the same period in 2019. Yet the decline varied substantially across local areas. In this paper, we explore the factors correlated with the change in applications and awards at the beginning of the pandemic.
The paper found that:
- The restriction of in-person services at all Social Security Administration (SSA) field offices in March 2020 played an important role in changes in SSI applications; counties with their own field offices, where the change in service availability is largest, experienced larger declines.
- The pandemic’s myriad disruptions to social and service networks through which people may learn about SSI also contributed to declining applications, as declines were largest in counties with more children that participated in SSI before the pandemic and in counties where more people had a self-identified disability.
- New macroeconomic stabilization policies such as economic impact payments and supplemental unemployment insurance payments also appear to have led to fewer child SSI applications. Counties with larger employment reductions early in the pandemic, which likely benefited most from these stabilization policies, subsequently also had fewer SSI applications.