introduced Archives - DR News - News, Retirement, Finance

Social Security Reform Bill Introduced to Boost Benefits for Seniors

Harrisburg, Pennsylvania – U.S. Senator Bob Casey, along with several of his Democratic colleagues, introduced the Boosting Benefits and COLAs for Seniors Act. The bill aims to address the challenges faced by seniors due to rising costs by adjusting Social Security cost of living adjustments (COLAs) to better reflect the expenses older adults incur. Senator Casey highlighted the importance of ensuring that Social Security remains a reliable source of support for seniors in the face …

Social Security Tax Cut Bill Introduced by Democratic Representative Angie Craig

Minnesota Democratic Representative Angie Craig has reintroduced legislation aimed at eliminating federal taxes on Social Security benefits for seniors. The bill, known as the You Earned it, You Keep it Act, is designed to extend full benefits for two decades and reduce the federal debt by a significant amount, according to the analysis it cited. Initially introduced in August 2022, the bill would be funded by raising the Social Security payroll tax cap so that …

Senior Tax Cut Legislation Introduced by Minnesota Democratic Congresswoman

Minnesota Democratic Congresswoman Angie Craig recently reintroduced legislation to eliminate federal taxes on Social Security benefits for seniors. The bill, called the “You Earned It, You Keep It Act,” aims to extend full benefits for two decades and reduce the federal debt by a substantial amount, according to the analysis it cited. The Act, brought forth by Craig in August 2022, proposes to be funded by raising the Social Security payroll tax cap so that …

FEDERAL PROPOSAL: Bill to Increase Federal Employee Raise to 7.4% Introduced in Congress

WASHINGTON D.C. – Members of Congress have put forth the first official proposal for a 7.4 percent raise for federal employees in January 2025. The Federal Adjustment of Income Rates Act (FAIR Act) aims to address the disparity between federal wages and the rising costs of living and labor. According to House sponsor Rep. Gerald Connolly, D-Va., the last two years saw federal employees receiving raises of 4.6 and 5.2 percent, which were the largest …

Legislation to Repeal Federal Taxation of Social Security Benefits Introduced by Bipartisan Representatives

Denver, Colorado – Two Democratic representatives, Angie Craig from Minnesota, and Yadira Caraveo from Colorado, have introduced a new legislative proposal known as the “You Earned It, You Keep It Act.” This act aims to eliminate federal taxation on Social Security benefits starting in 2025. Caraveo emphasized that the proposed legislation would be funded by raising the cap for individuals earning more than $250,000 annually. She emphasized the importance of ensuring that hard-working individuals can …