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Three things to help U.S.: Social Security, Medicare, infrastructure

Posted 12/7/16

You can help the president–elect improve the life of middle- and low-income Americans of all ages, in my opinion, by contacting U.S. Reps. Lou Barletta and Charlie Dent and U.S. Sens. Pat Toomey and Bob Casey (email/addresses conveniently located …

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Three things to help U.S.: Social Security, Medicare, infrastructure

Posted

You can help the president–elect improve the life of middle- and low-income Americans of all ages, in my opinion, by contacting U.S. Reps. Lou Barletta and Charlie Dent and U.S. Sens. Pat Toomey and Bob Casey (email/addresses conveniently located on the Viewpoints  page of the Press And Journal) asking the following: to legislatively strengthen Social Security, Medicare and the American infrastructure.


A person earning $300,000 a year contributes the same amount to Social Security as a person earning $118,500 a year.


Ask to ensure all persons are consistently and fairly contributing to Social Security each year.


Medicare has four parts. Three of the four (B, C and D) are just fine. However, Part A, which covers hospital visits, hospice care and nursing facilities, needs some tweaking because only 79 percent of the Part A expenses would be covered in 2040.  Part A is financed mainly through payroll contributions of 1.45 percent on earnings paid both by workers and employers, a tiny increase now will maintain the financial ability of Part A to deliver in 2040.


A permanent funding stream for American infrastructure improvements can be put in place with revenue that taxes corporate overseas profits. It is known as “repatriation,” and would require U.S. companies to bring back earnings to the United States at a 14 percent tax rate, generating an estimated $238 billion to pay for infrastructure improvements.


In my view, simple small steps will help middle and low income Americans of all ages.
Social Security is the baseline, safety net income that each American relies on and is expected to be there at retirement and everyone should pay their fair share now.


Medicare has an administrative overhead of 3 percent compared to the 2,300 U.S. health insurance companies with a 10 to 15 percent range.  


Our American infrastructure needs an infusion of permanent funds that is leaving America.
Please consider writing to your federal legislators to ask them to review and validate these numbers and give you a reason why they can’t support three simple improvements for all.                                                    

Don Hossler
Middletown

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