Dems May Push To Combine Social Security Funds

Recently, Talking Points Memo reported that Democrats in the House Ways and Means subcommittee could push for a merger of the Social Security Disability Insurance (SSDI) and the Old-Age Survivors Insurance (OASI) funds. Photo of claim document

As we reported in several blogs earlier this year, on the first day of the 114th Congress, Republicans approved a measure that blocks the transfer of tax revenues between the two funds, a move done multiple times in previous sessions to help deal with SSDI money issues.

SSDI may run out of funding in late 2016, potentially resulting in a 20 percent payment cut to beneficiaries, unless these politicians can do something to alleviate funding issues. Political experts said that Democrats are weighing the measure so that Congress can be taken out of the debate mix when it comes to arguing the merits of each program specifically.

“A bill combining the two funds would be a direct counterpunch to Republicans’ move to block transferring funds between the two programs,” Talking Points Memo reported. If the House Ways and Means subcommittee passed a bill for the merger, it would still have to be approved by the House, which is unlikely given that Republicans currently control it.

Although it is unlikely to occur, it has sparked debate. A senior economist the news source spoke to said that having “one big pot” of money might be a good idea to avoid issues moving forward. Keep reading our blog for more information about SSDI funding news.

Moving Forward With an SSDI Claim

Although there may be funding and political debates ongoing, if you are disabled, this should not dissuade you from applying for SSDI benefits. Keep in mind, in order to obtain benefits, you must have a work history and credits. This means SSDI is not an entitlement—it is a system that Americans have paid into.

If you need assistance with the SSDI application process, speak to our Tulsa disability lawyers. We are committed to providing the disabled with services when it comes to collecting SSDI benefits. Social Security law is all we do.

Troutman & Troutman, P.C. – Tulsa Social Security disability lawyers

Source: http://talkingpointsmemo.com/dc/social-security-funds-combine-democrats

Categories

    I didn't think there was a caring professional considerate attorney firm on the planet, but Troutman & Troutman proved me wrong. From the receptionist to the legal assistance to the attorney and more they were exceptional people.

    - Robert S.

    They did a fantastic job getting everything gathered up and getting the trial done as quickly as possible. Anytime I had a question they were patient and help me understand what was going on. Especially Christy and Charlie were great.

    - Michael M.

    Steve Troutman was able to get my short-term and long-term disability for me. Then Erin another lawyer for their firm got my Social security disability for me. Great people.

    - Billy S.

    Mr. Troutman walked me through the entire process. Heather was available each time I called, answered all my crazy questions, and helped me fill out forms along the way. I was never treated like I was wasting time.

    - Julia C.

    Erin and Keith were fabulous! They were compassionate, helpful, and very responsive! They made the process very smooth and painless every step of the way.

    - Valerie W.
/

We Are Here to Help 

Free & Confidential Consultations
  • Please enter your first name.
  • Please enter your last name.
  • Please enter your phone number.
    This isn't a valid phone number.
  • Please enter your email address.
    This isn't a valid email address.
  • Please make a selection.
  • Please enter a message.