Search Results for keywords:"cost-of-living adjustments"

Search Results: keywords:"cost-of-living adjustments"

H. R. 8044 — To amend title II of the Social Security Act to require the Commissioner of Social Security to use the Consumer Price Index for Elderly Consumers for purposes of determining cost-of-living adjustments under titles II, VIII, and XVI of the Social Security Act, and for other purposes.
April 17, 2024
Status:Introduced in House
Congress:118
Words:1,137
H.R. 8044, titled the “Boosting Benefits and COLAs for Seniors Act,” is a bill that proposes changes to the way Social Security cost-of-living adjustments (COLAs) are calculated. It requires the Social Security Commissioner to use the Consumer Price Index for Elderly Consumers (CPI-E) to...
Simple Explanation
H.R. 8044 is a bill that wants to change how Social Security gives extra money to older people to help them keep up with rising prices. It says to use a special number just for seniors' expenses to decide how much more money they should get each year.
S. 3974 — To amend title II of the Social Security Act to require the Commissioner of Social Security to use the Consumer Price Index for Elderly Consumers for purposes of determining cost-of-living adjustments under titles II, VIII, and XVI of the Social Security Act, and for other purposes.
March 19, 2024
Status:Introduced in Senate
Congress:118
Words:1,123
S. 3974 proposes changes to how cost-of-living adjustments for Social Security are calculated, aiming to make these adjustments more accurate for older adults. The bill suggests using the Consumer Price Index for Elderly Consumers instead of the current index to determine...
Simple Explanation
S. 3974 is a suggestion for changing how Social Security payments keep up with rising costs by using a special measure that looks at what older people actually spend money on, to make sure their payments stay fair and helpful.
S. 4747 — To amend the Internal Revenue Code of 1986 to increase the adjusted gross income limitation for the above-the-line deduction of expenses of performing artist employees, and for other purposes.
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July 23, 2024
Status:Introduced in Senate
Congress:118
Words:871
S. 4747 aims to change the tax rules for performing artists in the United States. The bill proposes to raise the income limit for artists to qualify for certain tax deductions, specifically for expenses related to their work. It also introduces adjustments based on living...
Simple Explanation
S. 4747 is a bill that wants to help artists by letting them keep more of their money when they pay for things they need to do their job, like costumes or travel, even if they make more money. It also makes sure that as prices go up, the money artists can save on taxes stays fair.
S. 4877 — To amend title II of the Social Security Act and the Internal Revenue Code of 1986 to make improvements in the old-age, survivors, and disability insurance program.
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July 31, 2024
Status:Introduced in Senate
Congress:118
Words:3,304
The bill S. 4877, known as the "Protecting and Preserving Social Security Act," aims to improve Social Security programs by introducing several key changes. It proposes the creation of a new Consumer Price Index for Elderly Consumers to better calculate cost-of-living...
Simple Explanation
The Protecting and Preserving Social Security Act is a plan to make Social Security better by changing how they figure out money for older people, and they're making sure that people who work and earn a lot after 2024 get the right amount of benefits.

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