More Social Security Payouts & Maple Syrup Bill Covered in Latest Taxpayer’s Tab

Dan Barrett
April 13, 2011

Tab Insert

As the federal government narrowly escaped a shutdown and the President delivers a speech on his long-term fiscal plans, NTU Foundation has been scoring the bills introduced by your elected officials. Some bills would greatly increase the spending of tax dollars while others would scale back spending and reduce the budget. It is our intention to present both kinds of bills to inform taxpayers.

The most expensive bill scored in the past week would increase payments to Americans who turned 65 between 1979 and 1988. Because of earlier reforms to the Social Security entitlement program, this age group, called “Notch Babies,” apparently received up to 55 percent less in payments than those entering the system, before and after. The measure would allow seniors either to accept a lump payment of $5,000 over four years or to accept a modified benefit payment plan over ten years. Check out the history and the costs of the Notch Fairness Act in Issue 12 of the Taxpayer’s Tab.

Bills covered in the latest Taxpayer’s Tab includes:

HR 1001/S 118, Notch Fairness Act of 2011
HR 620/S 391, Recovering Excessive Stimulus Expenditures for Taxpayers (RESET) Act
HR 572, Clean Ports Act of 2011
HR 1275/S 691, Maple Tapping Access Program Act

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User Comments

Submitted by GreenRaccoon at: May 6, 2011

You REALLY need to take a look at your ads. Many things have happened this last week, making them obviously inaccurate and unhelpful.