News

“New Bill Aims to Protect Social Security Recipients from Fraud”

Originally published by National Interest– While it’s not clear exactly what Congress might do to save Social Security, some lawmakers are already working on their own solutions. Rep. John Larson (D-CT) has introduced a bill to protect the Social Security program, although it’s far from clear that it will be passed. Meanwhile, a report last week stated […]

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“Shift in tax treatment for R&D expenses a hit to innovation”

Originally published by Roll Call– Innovation leadership in the United States is at serious risk with the 2022 shift in income tax treatment of research and development (R&D) expenses.  For the first time in nearly 70 years, business cash flow is negatively affected by the inability to immediately write-off their R&D expenses in the year

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“Opinion: Losing a spouse’s Social Security benefit can push the elderly into poverty”

Originally published by MarketWatch– This problem is especially vexing for women, who typically experience a nearly 40% drop in household income after a spouse passes away (compared to a 22% drop for men). Because women typically live longer than men, widows may have to stretch out their retirement assets over a longer period of time. And by

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Larson, Bronin Urge Extension of Child Tax Credit

Originally published by CT News Junkie — With President Joe Biden’s Build Back Better legislation halted in the U.S. Senate, Connecticut Democrats hoped to drum up support Monday by highlighting the bill’s extension of a recently-expired monthly tax credit for families with children.  “I think the outcry you’re going to hear from people — when

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“Congressman John Larson announces intentions to seek 13th term”

Originally published by Hartford Business Journal– Longtime Congressman John Larson, D-1st District, announced Friday morning his intentions to run for a 13th term. Larson, 73, sits on the influential House Ways and Means Committee as its chairman and has represented the First District, which includes Hartford, since 1999. Larson also chaired the Democratic caucus during

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Democrats should make Social Security a top issue in the midterms — here’s how and why

Originally published by The Hill– The nation is facing a retirement income crisis. Social Security is unquestionably the nation’s most important source of retirement income. But the last time Congress expanded Social Security was when Richard Nixon was president. Unless this Congress addresses the crisis by expanding Social Security, too many Americans will be unable to retire

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This is why Congress needs to act on Social Security — right now

Originally published by Market Watch– The pandemic placed the spotlight on the importance of Social Security and what it means to older Americans, who were among the hardest hit these last 21 months.  It’s one of the reasons why Congress needs to act to enhance the program, said Rep. John Larson, chairman of the House

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