Labor Day 2014

08/29/2014

Rosie Riveter - Labor Day

WE Americans are the only ones who can grow our economy.

Double the value of your dollar and help grow the economy when you buy the Made In The USA label.

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Labor Day: How it Came About; What it Means

Labor Day, the first Monday in September, is a creation of the labor movement and is dedicated to the social and economic achievements of American workers. It constitutes a yearly national tribute to the contributions workers have made to the strength, prosperity, and well-being of our country.

Founder of Labor Day

More than 100 years after the first Labor Day observance, there is still some doubt as to who first proposed the holiday for workers.

Some records show that Peter J. McGuire, general secretary of the Brotherhood of Carpenters and Joiners and a cofounder of the American Federation of Labor, was first in suggesting a day to honor those “who from rude nature have delved and carved all the grandeur we behold.”

But Peter McGuire’s place in Labor Day history has not gone unchallenged. Many believe that Matthew Maguire, a machinist, not Peter McGuire, founded the holiday. Recent research seems to support the contention that Matthew Maguire, later the secretary of Local 344 of the International Association of Machinists in Paterson, N.J., proposed the holiday in 1882 while serving as secretary of the Central Labor Union in New York. What is clear is that the Central Labor Union adopted a Labor Day proposal and appointed a committee to plan a demonstration and picnic.

The First Labor Day

The first Labor Day holiday was celebrated on Tuesday, September 5, 1882, in New York City, in accordance with the plans of the Central Labor Union. The Central Labor Union held its second Labor Day holiday just a year later, on September 5, 1883.

Source: http://www.dol.gov/opa/aboutdol/laborday.htm

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As we seek to strengthen our economy and our middle class, we must secure a better bargain for all — one where everyone who works hard in America has a chance to get ahead. I am committed to boosting economic mobility by empowering our workers and making sure an honest day’s work is rewarded with an honest day’s pay. My Administration is fighting for a fair minimum wage for every employee because nobody who works full-time should ever have to raise a family in poverty. We must also eliminate pay discrimination so women receive equal pay for equal work, combat unfair labor practices, and continue to defend the collective bargaining rights our parents and grandparents fought so hard for.

As we celebrate Labor Day, we reflect on the efforts of those who came before us to increase opportunity, expand the middle class, and build security for our families, and we rededicate ourselves to moving forward with this work in our time. We stand united behind our great American workforce as we lay the path for economic growth and prosperity.

President Barack Obama 8/31/14

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Monday, September 1, 2014
President Obama delivers remarks at the Wisconsin’s 55th Laborfest
Henry Maier Festival Park, Milwaukee, Wisconsin

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President Obama’s Fight Against Inequality

08/19/2014

Don’t think Obama has reduced inequality? These numbers prove that he has.

 – washingtonpost

Today, the average after-tax income of a member of the top 1 percent of earners is $1.12 million. The average after-tax income of someone in the bottom 20 percent is $13,300. That means the average person at the top takes home 84 times the income that the average person in the bottom takes home.

Now, consider what it would be like if none of President Obama’s tax policy changes had happened: not the upper-income tax hikes negotiated at the beginning of last year, not the upper-income tax increases imposed by the Affordable Care Act, not the low-income tax credits enacted in the 2009 stimulus and later renewed.

In this alternative universe, the average member of the top 1 percent would take home $1.2 million, or 6.5 percent more in income, according to a new analysis. The average member of the bottom 20 percent would bring home $13,100, or 1.2 percent less in income. As a result, the average member of the 1 percent would take home 91 times what the average person in the bottom would bring home.

If you’ve wondered whether Obama has made any headway at reducing income inequality, here’s evidence that he has. Based on tax policy alone, he has slightly increased the income of the poor and more significantly reduced the income of the rich. That’s according to a new, exclusive analysis by the nonpartisan Tax Policy Center, conducted at the request of The Washington Post, that compared today’s income distribution with what it would look like if President George W. Bush’s tax policies were still in place.

Ratio of Avgerage Income of US Earners Under Bush Policy vs Obama Policy

Ratio of Avgerage Income of US Earners Under Bush Policy vs Obama Policy

For more: http://www.washingtonpost.com/blogs/wonkblog/wp/2014/07/23/dont-think-obama-has-reduced-inequality-these-numbers-prove-that-he-has/

 

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President Obama’s Agenda

Goodwin College Technician Program

Wednesday, August 20, 2014
Vice President Biden attends an event on workforce development and skills initiative
Goodwin College, East Hartford, Connecticut

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Social Security and Marriage Equality (SAME) Act of 2014

08/12/2014

Patty Murray & lgbt-veterans

“Equal protection under the law is a fundamental right in our country. No one should suffer discrimination because of their race, color, religion, national origin, age, sex, sexual orientation, or gender identity. Whether applying for a job, finding a home, eating in a restaurant, serving in our military, or attending school, we must ensure that all citizens are treated fairly and equally.”

To learn more about Senator Patty Murray’s priorities for the LGBT community

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Murray bill would force Social Security to pay same-sex spouses survivor benefits

A year after Supreme Court decision, some couples still denied benefits

5/8/14 By Liz Goodwin and Olivier Knox – Yahoo News

Nearly a year ago, the nation’s highest court told the federal government that it could no longer withhold marriage benefits from tens of thousands of same-sex married couples.

But that landmark Supreme Court decision made little difference in the lives of gay couples who live in the 33 states that ban same-sex marriage.

Midori Fujii and Kristie Kay Brittain got married in California, then returned to Indiana, which bans gay marriage. When Brittain died of ovarian cancer in 2011, Fujii found out that she would not be eligible to receive her wife’s Social Security survivor benefits.

For months, the Social Security Administration has put survivor benefit applications from same-sex spouses who live in states that don’t recognize gay marriage on hold. That’s because a portion of the decades-old law says that for a spouse to be eligible for benefits, his or her marriage must be recognized in the state where the couple currently resides.

Sen. Patty Murray, D-Wash., hopes to change that with a bill she’s introducing Wednesday called the Social Security and Marriage Equality (SAME) Act of 2014, Yahoo News has learned. The measure would amend the Social Security Act to grant survivor benefits to any individual legally married anywhere in the United States, regardless of whether he or she lives in a state that recognizes same-sex marriage.

It would also declare individuals who were legally married in another country eligible for Social Security survivor benefits, according to a summary of the legislation provided by her office.

“Your zip code should not determine whether or not your family will have the means to survive after the death of a spouse,” Murray said in a statement. “While I believe the Social Security Administration can, and should, resolve this inconsistency through administrative action, the SAME Act would provide a road map to ensure equality under our federal laws do not end at state lines.”

For more: http://news.yahoo.com/murray-bill-would-force-social-security-to-pay-same-sex-spouses-survivor-benefits-220923730.html


SS 45th Annv

Social Security Act of 1935

The Social Security Act, Pub.L. 74–271, 49 Stat. 620, enacted August 14, 1935, now codified as 42 U.S.C. ch. 7, was a social welfare legislative act which created the Social Security system in the United States.

Overview
The Social Security Act was drafted during Franklin Delano Roosevelt’s first term by the President’s Committee on Economic Security, under Frances Perkins, and passed by Congress as part of the Second New Deal. The act was an attempt to limit what was seen as dangers in the modern American life, including old age, poverty, unemployment, and the burdens of widows and fatherless children. By signing this act on August 14, 1935, President Roosevelt became the first president to advocate federal assistance for the elderly.

For more: http://en.wikipedia.org/wiki/Social_Security_Act

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Social Security Timeline: http://www.ssa.gov/history/1930.html

 

Contact your legislator Contact your Congress person to TELL THEM TO GIVE THE LGBT COMMUNITY EQUAL BENEFITS!!

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US – Africa Leaders Summit

08/03/2014

US - Africa Leaders Summit

The U.S.-Africa Leaders Summit constitutes the largest single engagement by any U.S. President with Africa. The theme of the Summit is “Investing in the Next Generation.” Focusing on the next generation is at the core of a government’s responsibility and work, and this Summit is an opportunity to discuss ways of stimulating growth, unlocking opportunities, and creating an enabling environment for the next generation. Focusing on the next generation is at the core of a government’s responsibility and work, and is an opportunity to discuss ways of stimulating growth, unlocking opportunities, and creating an enabling environment for the next generation. The Summit will focus on trade and investment in Africa and highlight America’s commitment to Africa’s security, its democratic development, and its people. At the same time, it will highlight the depth and breadth of the United States’ commitment to the African continent, advance our shared priorities and enable discussion of concrete ideas to deepen the partnership. At its core, this Summit is about fostering stronger ties between the United States and Africa.

The Summit will include approximately 50 African heads of state and government as well as the Chairperson of the African Union, a range of U.S. and African civil society and business leaders, young African leaders, and Members of Congress. The presence of so many African leaders in the nation’s capital provides an historic opportunity to further strengthen ties with our African partners and highlight America’s longstanding commitment to investing in Africa’s development and its people.

For more: http://www.whitehouse.gov/us-africa-leaders-summit

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AUGUST 1

Signature Events
The Summit will include six U.S. Government-sponsored “Signature Events,” allowing for in-depth conversations on some of the most pressing issues facing the U.S.-Africa partnership. These sessions will set the stage for the high-level discussions that President Obama will chair during the subsequent Summit leader meetings.

  • Faith Works: Honoring the Contributions of the Faith Community to Peace and Prosperity in Africa – Ronald Reagan Building

 

AUGUST 4

    • Civil Society Forum – National Academy of Sciences
    • African Growth And Opportunity Act (AGOA) Forum – The World Bank
    • Power Africa Event, Co-Hosted by the Corporate Council on Africa – Grand Hyatt Hotel
    • Investing in Women, Peace, and Prosperity Working Luncheon – National Academy of Sciences
    • Investing in Health: Investing in Africa’s Future – National Academy of Sciences
    • Resilience and Food Security in a Changing Climate – National Academy of Sciences
    • Combating Wildlife Trafficking – National Academy of Sciences
  • Congressional Reception for African Leaders – Capitol Hill

 

AUGUST 5

  • U.S.-Africa Business Forum Hosted by U.S. Department of Commerce and Bloomberg Philanthropies the forum focuses on strengthening trade and financial ties between the United States and Africa  – Mandarin Oriental, Washington, D.C.
    • Expanding Opportunities: The New Era for Business in Africa –  Mandarin Oriental Hotel
    • Remarks by Dr. Nkosazana Clarice Dlamini- Zuma, Chairperson of the African Union –  Mandarin Oriental Hotel
    • Open Markets: Financing the Africa of Tomorrow –  Mandarin Oriental Hotel
    • Powering Africa: Leading Developments in Infrastructure –  Mandarin Oriental Hotel
    • Game Plan: Shaping the Future of a Fast-Growing Continent –  Mandarin Oriental Hotel
    • President Barack Obama delivers the closing remarks at the U.S. – Africa Business Forum  – Mandarin Oriental, Washington, D.C.
  • White House Dinner on the Occasion of the U.S.-Africa Leaders Summit – The White House
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AUGUST 6

Summit Leader Meetings

U.S. Africa Leaders Summit

U.S. Africa Leaders Summit Schedule
FACT SHEET: U.S.–African Cooperation on Global Health
FACT SHEET: U.S.-African Cooperation in Advancing Gender Equality
FACT SHEET: Shared Investment in Youth
FACT SHEET: U.S. Support for Democratic Institutions, Good Governance, and Human Rights in Africa
FACT SHEET: Investing in African Trade for our Common Future
FACT SHEET: The Doing Business in Africa Campaign
Presidential Memorandum — Establishing a Comprehensive Approach to Expanding Sub-Saharan Africa’s Capacity for Trade and Investment
Executive Order –Establishing the President’s Advisory Council on Doing Business in Africa
FACT SHEET: Powering Africa: Increasing Access to Power in Sub-Saharan Africa
FACT SHEET: U.S. Engagement on Climate Change and Resilience in Africa
FACT SHEET: U.S.-African Cooperation on Food Security
FACT SHEET: U.S. Support for Peacekeeping in Africa
FACT SHEET: Security Governance Initiative
FACT SHEET: Partnering to Counter Terrorism in Africa

Follow the Summit on Twitter using the hashtag#AfricaSummit

U.S.-Africa Leaders Summit
Washington, D.C.
August 4, 2014

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STOP Angery Tantrums. START Passing Laws to Help Middleclass

07/29/2014

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Obama to GOP: Stop hating

7/30/14 By KENDALL BREITMAN – POLITICO

President Barack Obama had some blistering words for congressional Republicans during a speech Wednesday in Kansas City, saying they need to stop “hating all the time.” “We could do so much more if Congress would just come on and help out a little bit,” Obama said. “Stop being mad all the time. Stop just hating all the time. Lets get some work done together.”

The president’s speech comes on the day that the House is set to vote on whether they will be moving forward in a lawsuit against Obama.

“Now everybody knows this is a political stunt,” Obama said of the lawsuit, “but it’s worse than that because every vote they’re taking like that means a vote they’re not taking to help you. And by the way, you know who is paying for this suit they are going to file? You!” “The main vote that they scheduled for today is whether or not they decide to sue me for doing my job,” Obama told the laughing audience. “So, you know, they’re mad because I’m doing my job. And by the way, I’ve told them, I said ‘I’d be happy to do with with you. So the only reason I’m doing it on my own is because you don’t do anything.’”

Read more: http://www.politico.com/story/2014/07/obama-gop-stop-hating-109543.html?hp=l3 .

Update: “House Republicans Just Voted to Sue President Obama”

Ezra Mechaber July 30, 2014 07:02 PM EDT

The House of Representatives just took a vote — and it wasn’t to raise the minimum wage, put in place equal pay, create jobs, or reform our broken immigration system.

Instead, the Republican-controlled House of Representatives just voted to sue the President for using his executive authority. This lawsuit will waste valuable time and potentially millions of taxpayer dollars.

This is the least productive Congress in decades. And instead of doing their job, they are suing the President for doing his.

The President is committed to making a difference for the millions of hardworking Americans trying to do right by their families and communities. While Republicans in Congress continue to waste taxpayer money, this President is going to keep doing his job. President Obama remains ready and willing to work with Republicans in Congress if they decide to get serious and do something for the American people. But he is also committed to acting even as Congress won’t. You’ve seen that time and time again this year — from raising the federal minimum wage on new federal government contracts, to expanding apprenticeship opportunities and making student loan payments more affordable.

The President is not going to back away from his efforts to use his authority to solve problems and help American families. In fact, the day after the vote, President Obama will announce his next executive action to crack down on federal contractors who put workers’ safety and hard-earned pay at risk. It’s just the next in a series of steps this Administration will be taking this year to make sure that American workers are getting a fair deal, and he has pledged to take executive action to deal with our broken immigration system in the months ahead.

For more:  http://www.whitehouse.gov/blog/2014/07/30/dan-pfeiffer-house-republicans-just-voted-sue-president-obama

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This Congress poised to be least productive in history

Yahoo Finance

This session of Congress, the 113th, is currently the least productive Congress ever. With only 125 public laws enacted since it began nearly two years ago and an August recess coming up leading straight into midterm elections, it seems like the record for least done is all but won.

“Even by [congress’] terrible standards, they’re going to underwhelm,” says Douglas Holtz-Eakin, former director of the Congressional Budget Office and chief economic policy advisor to U.S. Senator John McCain.

“Our nation has many deep needs for permanent reforms, whether they’re immigration, or education, or entitlements taxes. You look around and there’s big legislation that’s really necessary. Congress is doing none of that,” says Holtz-Eakin, now president of American Action Forum. “They can’t even get the little things done like … the annual spending bills.”

So will this Congress be able to get anything done before the next one starts? Holtz-Eakin has little hope for any big initiatives but he does think there will be some tax extenders, and possibly reauthorization of terrorism risk insurance and the Export-Import Bank.

President Obama has publicly lambasted the 113th Congress saying, “This has become the least productive Congress in modern history, recent memory. And that’s by objective measures – just basic activity.”

Of course quality comes before quantity, and a Congress that passed a few very important bills could be more noteworthy than a Congress that passed a large number of smaller bills. The 113th Congress, however, hasn’t been able to do that either, says Holtz-Eakin. “They’re not going to get anything major done … get ready for the 114th Congress and see you in January.”

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3 big issues Congress will likely punt for now

July 29, 2014 By REBECCA KAPLAN – CBS NEWS

Congress is getting ready to leave Washington for a five-week summer recess and, despite progress on reforming the VA and a short-term fix to prevent the Highway Trust Fund from running dry, there are a host of difficult issues that will be left hanging until they return.

The biggest items lawmakers are punting to the fall include the crisis of child migrants flooding across the southern border, a host of foreign policy crises, and a long-term fix to the nation’s crumbling infrastructure.

Part of the problem is the looming midterm elections, where, according to a CBS News/New York Times analysis, Republicans are narrowly projected to capture the Senate in November.

“The kind of Republican mindset right now is, ‘we’re on a roll heading into this election: don’t give Barack Obama any signing ceremonies’ and so the incentives to cut deals across House and Senate are very limited,” American Enterprise Institute congressional scholar Norm Ornstein told CBS News. “

At the same time we have [Senate Majority Leader Harry] Reid looking very hard to get as many confirmations through as he can. Each one is being filibustered, and that means even thought he has the votes for them it soaks up a lot of floor time.”

For more: http://www.cbsnews.com/news/3-big-issues-congress-will-likely-punt-for-now/  .

GOP_Elephant_WRONG_WAY_smallWHAT GOP CONGRESS HAS DONE in 2014 FOR 99% OF  AMERICANS

 

. 2014 Year of Action

President Obama is Taking Action

In his 2014 State of the Union address, President Obama affirmed that this would be “A Year of Action” to help ensure opportunity for all Americans.

Since January, the President has taken more than 20 actions on his own to help build real, lasting economic security for the middle class and expand opportunities for every hardworking American to get ahead.

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President Obama speaks on expanding opportunity for more Americans

Uptown Theater in Kansas City, Missouri Jul 30, 2014

“Let’s really fight to make sure that everybody gets a chance and, by the way, that everybody plays by the same rules. (Applause.) We could do so much more if we got that kind of economic patriotism that says we rise or fall as one nation and as one people. And that’s what Victor believes.

When Victor wrote me his letter, he said, “I believe, regardless of political party, we can all do something to help our citizens to have a chance at a job, have food in their stomachs, have access to great education and health care.” That’s what economic patriotism is. (Applause.) That’s what we should all be working on.

Instead of tax breaks for folks who don’t need them, let’s give tax breaks to working families to help them pay for child care and college. Don’t reward companies shipping jobs overseas; let’s give tax breaks to companies investing right here in Missouri, right here in the Midwest. (Applause.) Let’s give every citizen access to preschool and college and affordable health care. And let’s make sure women get a fair wage. (Applause.) Let’s make sure anybody who is working full-time isn’t living in poverty. (Applause.) These are not un-American ideas; these are patriotic ideas. This is how we built America. (Applause.)

So just remember this: The hardest thing to do is to bring about real change. It’s hard. You’ve got a stubborn status quo. And folks in Washington, sometimes they’re focused on everything but your concerns. And there are special interests and there are lobbyists, and they’re paid to maintain the status quo that’s working for somebody. And they’re counting on you getting cynical, so you don’t vote and you don’t get involved, and people just say, you know what, none of this is going to make a difference. And the more you do that, then the more power the special interests have, and the more entrenched the status quo becomes.

You can’t afford to be cynical. Cynicism is fashionable sometimes. You see it all over our culture, all over TV; everybody likes just putting stuff down and being cynical and being negative, and that shows somehow that you’re sophisticated and you’re cool. You know what — cynicism didn’t put a man on the moon. Cynicism didn’t win women the right to vote. Cynicism did not get a Civil Rights Act signed. Cynicism has never won a war. Cynicism has never cured a disease. Cynicism has never started a business. Cynicism has never fed a young mind. (Applause.)

I do not believe in a cynical America; I believe in an optimistic America that is making progress. (Applause.) And I believe despite unyielding opposition, there are workers right now who have jobs who didn’t have them before because of what we’ve done; and folks who got health care who didn’t have it because of the work that we’ve done; and students who are going to college who couldn’t afford it before; and troops who’ve come home after tour after tour of duty because of what we’ve done. (Applause.)

You don’t have time to be cynical. Hope is a better choice. (Applause.) That’s what I need you for.”

 

 

. Contact your legislator Contact your Congress person to TELL THEM TO START WORKING WITH PRESIDENT OBAMA TO HELP AMERICA’S RECOVERY!!

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Social Security Amendments of 1965 Established Medicare & Medicaid

07/29/2014

socialsecurity

The Social Security Amendments of 1965Pub.L. 89–97, 79 Stat. 286, enacted July 30, 1965, was legislation in the United States whose most important provisions resulted in creation of two programs: Medicare and Medicaid. The legislation initially provided federal health insurance for the elderly (over 65) and for poor families.

History

Many politicians were involved in drafting the final bill that was introduced to the United States Congress in March 1965. On July 30, 1965 President Lyndon B. Johnson (D) signed the bill into law.

The concept of national health insurance began in the early 20th century in the United States and then came to prominence during the Truman administration. Between 1958 and 1964, controversy grew and a bill was drafted. The signing of the act, as part of Johnson’s Great Society, began an era with a greater emphasis on public health issues. Medicare and Medicaid became the United States’ first public health insurance programs. The legislation was vigorously opposed by the American Medical Association until it had been enacted, following which the AMA cooperated in its implementation.

In 1912 Theodore Roosevelt included social insurance for sickness in the platform of his Progressive Party (United States, 1912). Around 1915 the group American Association for Labor Legislation attempted to introduce a medical insurance bill to some state legislatures. These attempts were not successful, and as a result controversy about national insurance came about. National groups supporting the idea of government health insurance included the AFL-CIO, the American Nurses AssociationNational Association of Social Workers, and the Socialist Party USA. The most prominent opponent of national medical insurance was the American Medical Association (AMA); others included the American Hospital Association, the Chamber of Commerce, and the Life Insurance Association of People.

Previous administrations

In 1935, when President Franklin D. Roosevelt (D) signed the Social Security Act, medical benefits were left out of the bill. The committee that Roosevelt appointed to study issues related to Social Security wanted to include health insurance in the bill. However, the committee was concerned that amending the bill to include health insurance would kill the entire bill. Harry Truman took on the idea of national medical care and tried to integrate it into his Fair Deal program. Truman’s attempts were also unsuccessful, though during his presidency the fight for national medical care became specific to the aged population.

For more: http://en.wikipedia.org/wiki/Social_Security_Act_of_1965

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On the Horizon: The 2015 White House Conference on Aging

Cecilia Muñoz July 29, 2014 01:25 PM EDT

Today at the White House, I was delighted to host a roundtable discussion with leaders from across the aging community who came together to discuss the White House Conference on Aging, which will take place in 2015 – the 50th anniversary of Medicare, Medicaid, and the Older Americans Act, as well as the 80th anniversary of Social Security.

Just yesterday, the Medicare Trustees released their annual report finding that, since their report last year, the life of the Medicare Trust Fund has been extended by four additional years to 2030. When this Administration first took office, the Trust Fund was projected to go bankrupt more than a dozen years sooner, in 2017. The Trustees also project that – for the second year in a row – Part B premiums will not increase, allowing seniors to keep more of their Social Security cost-of-living increase.

Thanks in part to the Affordable Care Act, we have improved the affordability of the program, while at the same time helping Medicare work better for seniors. For example, we are closing the prescription drug coverage gap or “donut hole” to make medications more affordable for Medicare beneficiaries. Just today, we learned that 8.2 million seniors and people with disabilities saved $11.5 billion since 2010 – over $1,000 on average for people hitting the donut hole. Additionally, Medicare now provides coverage without cost-sharing for many preventive benefits to help keep older Americans healthy. The Affordable Care Act also responds to older Americans’ desire to remain independent in their communities by creating incentives for states to provide the services and supports that help people remain at home as they age.

For more: http://www.whitehouse.gov/blog/2014/07/29/horizon-2015-white-house-conference-aging

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Social Security Timeline: http://www.ssa.gov/history/1930.html

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Learn more about Social Security: http://www.socialsecurity.gov/

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Congress to Vote on ‘Bring Jobs Home Act’

07/22/2014

Bring Jobs Home

Stabenow’s Initiative Would End Tax Giveaway That Rewards Companies that Send Jobs Overseas, While Cutting Taxes for Companies that Bring Jobs Back to U.S.

Thursday, Jul 19

U.S. Senator Debbie Stabenow’s Bring Jobs Home Actwhich ends tax breaks for companies that ship jobs overseas and cuts taxes for businesses to bring jobs back to America, was supported by a majority of Senators today but Senate Republicans blocked the bill with a procedural move.  While Sen. Stabenow’s initiative received a majority of votes in support, 56-42, the bill was blocked by a Republican filibuster which meant the legislation required 60 votes to move forward.

“Michigan has been hit hard by outsourcing.  We need to be exporting our products, not our jobs,” said Stabenow.  “It’s outrageous that taxpayers are paying companies to send jobs abroad.  Instead of giving tax breaks to companies that ship jobs overseas, Congress should cut taxes for U.S. companies that bring jobs back to America.  We are going to continue to work to get Congress to put politics aside, put American jobs first and pass this bill.”

Senator Stabenow’s Bring Jobs Home Act:

Ends a tax break for U.S. companies that outsource jobs and business activity. Right now, the cost of moving personnel and company operations to a new location is defined as a business expense that qualifies for a tax deduction. Senator Stabenow’s legislation would no longer allow this deduction for companies that move jobs and business activity outside of the U.S.  However, the deduction is maintained for businesses that move jobs back home (or move within the U.S.).

Creates a new tax cut to encourage U.S. companies to move jobs and business activity from another country back to America. Companies bringing jobs home would still be able to claim the current moving expense deduction when bringing jobs home, and would also receive a tax credit equal to 20% of the cost associated with bringing jobs and business activity back to the United States. The company will be able to apply the 20% tax credit against its corporate income tax.

Senator Stabenow has long-championed efforts to ensure U.S. businesses and workers can become more globally competitive and create more jobs in America. Last year, Senator Stabenow introduced her American Competitiveness Plan to crack down on other countries’ trade violations. One of the main provisions of Stabenow’s Plan, which called for a trade enforcement unit to hold countries that violate trade laws accountable, was created by President Obama earlier this year. Other provisions of Stabenow’s plan include a bill to crackdown on China’s currency manipulation (which passed the Senate last year with overwhelming bipartisan support) and provisions to strengthen penalties for foreign companies who steal American technology and intellectual property.

Outsourcing Message from AllAmericanClothing.com

Outsourcing Message from AllAmericanClothing.com

EXECUTIVE OFFICE OF THE PRESIDENT OFFICE OF MANAGEMENT AND BUDGET

WASHINGTON, D.C. 20503

July 18, 2012

STATEMENT OF ADMINISTRATION POLICY S. 3364 – Bring Jobs Home Act (Sen. Stabenow, D-MI, and 13 cosponsors)

The Administration strongly supports Senate passage of S. 3364, a bill that would encourage companies to invest in the United States and bring jobs back while preventing companies from receiving tax breaks for shipping jobs overseas.

The Nation’s tax code does too little to encourage job creation and investment in the United States while allowing firms to benefit from incentives to locate production and jobs overseas. This bill can help attract and keep jobs in the United States by providing a 20 percent general business tax credit for eligible expenditures associated with bringing jobs back, which is paid for by preventing firms from receiving tax breaks for deducting expenses associated with outsourcing.

For more: http://www.whitehouse.gov/sites/default/files/omb/legislative/sap/112/saps3364s_20120718.pdf

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“Fair pay.  Let’s make sure the next generation of women are getting a fair deal.  Let’s make sure the next generation of good manufacturing jobs are made in America.  Let’s make it easier, not harder, for companies to bring those jobs back home.  Tomorrow, senators will get to vote on the Bring Jobs Home Act.  Instead of rewarding companies for shipping jobs overseas or rewarding companies that are moving profits offshore, let’s create jobs right here in America and let’s encourage those companies.”

July 22, 2014 President Obama

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Wednesday, July 23, 2014
Congress votes on the ‘Bring Jobs Home Act’

 

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Update:  July 30, 2014 – Senate GOP blocks tax hike on firms moving overseas

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