The Warren Wing -'Sanders' Plan To Reform The Fed Exposes A Democratic Rift On Wall Street' - HuffPo

[DhhD]

12. If we have running away inflation, why did the Social Security Benefit check stay the same

for 2016 as it was in 2015 and CEO pay rose by 3.9%?

http://www.motherjones.com/politics/2015/11/elizabeth-warren-wants-give-seniors-raise
snip
But in recent years, with the economy still puttering only slowly upward following the recession, inflation has stalled, which has left Social Security recipients with no or minimal annual increases. 2016 is set to be only the third year since 1975 when Social Security won't get any cost-of-living increase, joining 2010 and 2011.
more at link



http://thehill.com/policy/finance/259264-warren-sanders-team-up-on-bill-to-hike-social-security-checks
snip
The senators want to pay for the supplemental payment by killing a tax code provision that allows companies to deduct a portion of executive salary, so long as it is “performance based.”

Under current tax law, companies can only deduct the first $1 million in executive compensation, but performance-based pay, like stock options, is exempted from that restriction. Noting that CEO pay is still on the rise while Social Security benefits are flat, Warren said it’s clear top executives could chip in.
more at link


It is great to see Warren and Sanders working together to help out the Social Security Insurance Trust Fund and its recipients. And they are bringing to light more inequality that hurts the American people and our economy.