Lucas, the Social Security Administration
announced that for just the fourth time in history, Social Security beneficiaries
will not receive a cost of living adjustment.
Meanwhile, CEO pay at the 350 biggest firms in the U.S. now averages more
than $16 million per year. Incredibly, much of this compensation slips
through the so-called “performance pay” loophole, which allows
corporations to deduct CEO pay from their taxable income as long as it
is based on performance.
Senator Elizabeth Warren has
introduced a bill called the Seniors and Veterans Emergency Benefits Act (SAVE Benefits
Act) that would give the seniors, veterans, people with disabilities and
surviving spouses who rely on Social Security a one-time payment of $580
to help make ends meet. It would be paid for by closing a loophole that
subsidizes excessive CEO pay.
Next week, Senator Warren, Senator Chuck Schumer and progressive groups
will be delivering the signatures on this petition to Senate Majority
Leader Mitch McConnell. Add your name to the petition now to help build
pressure on Senator McConnell to allow a vote on the bill.
Sign the petition from CREDO and Daily Kos to Mitch McConnell: Allow a
vote on the SAVE Benefits Act.
Keep fighting,
Monique Teal, Daily Kos