Support Senator Warren’s One-Time Emergency Payment for Seniors
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The average retired worker on Social Security received $15,943 in 2014 -- only 30 percent above the poverty level. And this year, elderly Americans won’t be receiving any cost-of-living increase.
That’s why Senator Elizabeth Warren and 16 other Democratic colleagues proposed an emergency payment to help these seniors make ends meet, and avoid having to choose between life-saving medicine or their next meal.
SIGN YOUR NAME: Support Senator Warren’s plan to give seniors an emergency boost >>
Cost of living adjustments for Social Security rely heavily on the Consumer Price Index. However, economists across the spectrum assert that the CPI does not track the impact of inflation on seniors (under-estimating, for example, the impact of increases in health and pharmaceutical expenses).
So the government calculations were wrong, and the result is a flat paycheck and a significant burden for millions of senior citizens who rely on Social Security.
But Senator Warren came up with a way to fix it. Warren’s legislation would fund a one-time emergency payment to seniors by closing a tax loophole, the "performance-pay loophole." Instead of subsidizing pay for a handful of CEOs, she wants to take that money and use it to help those who rely on Social Security.
Sign your name: Support Senator Warren’s plan to fund a one-time emergency payment for those who rely on Social Security >>
Those $581 from Senator Warren’s plan could cover almost three months of groceries for seniors, or a year’s worth of out-of-pocket costs on critical pharmaceuticals. Senator Warren knows that Congress can’t just sit on their hands and let 70 million seniors, veterans, people with disabilities, and others suffer. Like Warren said, “our spending should reflect our values.”
Stand with Senator Warren and sign your name to support her legislation benefitting those who rely on Social Security.
"I stand with Senator Warren, and support her plan to fund a one-time emergency payment for those who rely on Social Security."