Connect with us

Washington

Washington leaders agree Social Security needs to be fixed — but proposed tax increases are a key sticking point

Published

on

Washington leaders agree Social Security needs to be fixed — but proposed tax increases are a key sticking point


zimmytws | iStock | Getty Photos

Congressional leaders can agree on one factor — Social Safety must be mounted earlier than this system’s funds are unable to pay full advantages in 2035.

However that’s the place the consensus ends.

Advertisement

Leaders from each the Republican and Democratic events have every not too long ago mentioned the difficulty on Capitol Hill.

Extra from Private Finance:
How taxes on Social Safety advantages might change
Larger Social Safety cost-of-living adjustment on faucet
Why the Social Safety retirement age might transfer previous 67

That was prompted partly by the discharge of the annual Social Safety trustees report, which included the brand new projected 2035 date for when this system’s mixed funds will grow to be depleted. At that time, 80% of advantages shall be payable.

The brand new date is one yr later than projected final yr. But this system nonetheless has a 75-year deficit.

Home Republicans held a gathering final week to debate their rivalry that “Democrats’ dangerous proposal fails to place Social Safety packages on a sustainable footing.”

Advertisement

“Republicans need to shield Social Safety for present beneficiaries and future generations — and if potential save Social Safety as soon as and for all,” mentioned Rep. Kevin Brady, R-Texas, Republican chief of the Home Methods and Means Committee.

That adopted a June Senate listening to that coincided with the proposal of a brand new invoice to reform this system put ahead by Sens. Bernie Sanders, I-Vt.; Elizabeth Warren, D-Mass., and others.

“Our job, for my part, is to not lower Social Safety, is to not elevate the retirement age, as a lot of my Republican colleagues would have us do,” Sanders mentioned on the listening to.

“Our job is to develop Social Safety so that everybody in America can retire with the dignity that she or he deserves and that each particular person on this nation with a incapacity can retire with the safety they want,” he mentioned.

Why tax will increase are a sticking level

The most recent Social Safety trustees report might underestimate the precariousness of Social Safety’s monetary outlook. As a result of the report was based mostly on knowledge by means of February, it doesn’t account for top inflation within the months since.

Advertisement

To repair this system, lawmakers usually have a alternative of elevating taxes, reducing advantages or a mixture of each.

Democrats’ proposals firmly advocate for tax will increase, whereas considerably rising advantages. The plans name for elevating payroll taxes, that are used to fund Social Safety, so as to make advantages extra beneficiant. Presently, employees and employers every pay 6.2% on wages as much as $147,000 in 2022.

To get actual progress, it should require folks sitting down throughout the desk from one another and speaking …

Shai Akabas

director of financial coverage on the Bipartisan Coverage Heart

One Democratic plan proposed by Rep. John Larson of Connecticut, the Social Safety 2100 Act: A Sacred Belief, would reapply payroll taxes beginning at $400,000 and up.

Advertisement

The plan put ahead by Sanders and Warren would reapply these taxes at wages over $250,000, amongst different tax will increase.

However Republicans at each hearings indicated these tax proposals have been nonstarters. Of their assembly final week, Republican Home leaders emphasised the adverse results larger payroll taxes might have on small companies.

Rep. John Larson, D-Conn., and different lawmakers talk about the Social Safety 2100 Act, which would come with elevated minimal advantages, on Capitol Hill on Oct. 26, 2021.

Drew Angerer | Getty Photos Information | Getty Photos

“In the event you assume taxing the rich goes to save lots of Social Safety, you are fallacious,” Sen. Lindsey Graham, R-S.C., mentioned on the June Senate listening to.

Advertisement

As an alternative, Graham, who not too long ago acquired his personal first Social Safety verify, mentioned the wealthier might should take a “little much less” in advantages. As well as, the retirement age will seemingly have to be raised for youthful people who find themselves residing longer, he mentioned.

“In the event you requested me to take rather less to save lots of Social Safety for individuals who want it greater than I do, rely me in,” Graham mentioned. “It should take that type of dedication from all of us.”

Why a bipartisan answer is elusive

On the Home assembly final week, Rep. Jodey Arrington, R-Texas, requested, “Can we do that as Republicans solely by means of reconciliation or another mechanism?”

The reply isn’t any. And that additionally goes for proposals put ahead by Democrats.

On the Senate listening to, Republican leaders like Sen. Mitt Romney, R-Utah, emphasised the necessity for bipartisanship. “If we do not give you a bipartisan answer, we is not going to put it aside,” Romney mentioned.

Advertisement

Romney has proposed a bipartisan invoice known as the TRUST Act that may create bipartisan committees to give you modifications to resolve this system’s woes. Advocates for increasing this system complain that might result in selections to learn cuts that occur behind closed doorways.

Sen. Rick Scott, R-Florida, has additionally acquired pushback on his proposal that may sundown this system each 5 years.

“I’ve proposed that Congress rightly overview these packages,” Scott mentioned on the Senate listening to.

“I am by no means going to help cuts to Social Safety, Medicare or Medicaid,” he mentioned.

Nonetheless, the largest problem shall be getting either side of the aisle to agree on reforms.

Advertisement

In an announcement after final week’s Home listening to, Larson invited Republicans to hitch in supporting his proposal aimed toward defending advantages and enhancing this system. “I encourage my Republican colleagues to hitch us in our efforts to assist America’s seniors, youngsters and other people with disabilities,” Larson mentioned.

Severe discussions between the events — reasonably than battling proposals — shall be essential to get one thing performed, mentioned Shai Akabas, director of financial coverage on the Bipartisan Coverage Heart.

“To get actual progress, it should require folks sitting down throughout the desk from one another and speaking by means of what these points appear to be and what potential bipartisan options are,” he mentioned.



Source link

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Washington

Burst in covid spending helped students recover, researchers find

Published

on

Burst in covid spending helped students recover, researchers find


When Congress sent tens of billions of dollars to schools — an unprecedented sum — to battle the pandemic, it seemed like reopening campuses was going to be the toughest thing. Or maybe keeping teachers and students covid-free. But it turns out the hardest thing was helping students recover from severe academic losses sustained during the depths of the pandemic.

Schools reopened. Students and teachers were, for the most part, kept safe from covid. But what about academic recovery? Did the money help kids get back on track?

Two new reports offer the same answer: Yes.

“There were many reasons to think the money wouldn’t have a very big effect on kids learning because it wasn’t targeted and there were lots of other needs,” said Sean Reardon, an education researcher at Stanford University and co-author of the first paper. “But in fact it did have a significant effect on learning.”

Advertisement

Yet it didn’t finish the job. Between 2019 and 2022, the average U.S. student lost about a half grade level in math and a third of a grade level in reading, according to test data from 30 states analyzed by researchers at Harvard and Stanford universities in the Education Recovery Scorecard project. Students made up about 30 percent of the loss in math and 20 percent of the loss in reading between spring 2022 and spring 2023. Some — though not all — of that can be traced to the federal funding, the researchers conclude. (Results of spring 2024 testing are not yet available.)

“Despite what is an unprecedented amount of money, kids are still far behind,” said Dan Goldhaber, an education researcher at the American Institutes for Research and the University of Washington, who co-authored the second research paper.

Why wasn’t $190 billion — the largest one-time education investment in U.S. history — enough? Among the reasons: Some of the money was spent on covid mitigation and testing, the main focus of the legislation, not academics. Not all of the money for academics was invested in the most effective strategies, because they had other priorities or perhaps were unaware of the research. Not every district got robust funding. And the losses were deep.

Fully catching kids up would require additional spending, the researchers find. The opposite is actually unfolding, with districts running out of the money already allocated. Schools are required to spend the last of the covid relief funding in the coming months, and across the country, districts are cutting staff and programs that were aimed at accelerating academic recovery.

“If the goal is having all students made whole from the pandemic, I do think that states will need to step up,” said Tom Kane, a professor of education and economics at Harvard University and co-author of the first paper, which was produced by a team of researchers from Harvard, Stanford and Dartmouth universities.

Advertisement

Still, the gains already recorded were big enough to pay for themselves, based on how increases in academic achievement translate into higher wages in adulthood, Kane said.

Both papers take advantage of a quirk in how the nearly $190 billion in federal covid relief funds, which came over three allotments in 2020 and 2021, were allocated to K-12 school districts. The government relied on a formula that gave more money to districts with higher portions of students living in poverty. Due to oddities in that formula, districts with similar poverty levels got different amounts. Among the districts where at least 90 percent of students are from families poor enough to qualify for free or subsidized school lunches, federal allocations ranged from less than $4,000 to more than $13,000 per student — in some cases, much more.

The differences among district allocations allowed researchers to estimate the relationship between more funding and test scores. One study examined funding from only the third allocation, by far the largest, approved in 2021; the other looked at the second and third tranches. Both studies examined the impact of the money on all districts, rich and poor.

The two teams came to the same conclusion: An additional $1,000 per student in federal funding translated into a gain of about 3 percent of a grade level of learning in math. For reading, the gains were similar in one study and a bit smaller in the other. These results are in line with what pre-pandemic studies found of earlier, more modest increases in education spending.

This implies that giving a school district an extra $8,000 per student would have been enough to make up nearly half of the average math losses. That compares to average per-pupil spending of $13,187 in 2019, before the pandemic and the surge of federal dollars.

Advertisement

Looking at it another way, the Harvard-Stanford team compared achievement levels between high-poverty districts with similar levels of past achievement that received larger grants and smaller grants. Students in the high-grant districts gained about a fifth of a year more in math than the low-grant districts did and almost as much in reading.

The money appears to have made a difference in the School District of Philadelphia, which received more than $1.6 billion in federal funding — more than $14,000 per student. Between spring 2022 and spring 2023, students made up on average a half grade in math — more than 80 percent of the average losses sustained in Philadelphia between 2019 and 2022.

A large share of money in Philadelphia was spent on extra learning time for students — before and after school and over the summer, and to add social services and counselors. The district also spent $325 million on facilities improvements, something meant to make old buildings safer but that did not directly impact student learning.

Superintendent Tony B. Watlington, Sr., in a statement, credited the federal funding with playing a key role in Philadelphia becoming “the fastest improving large, urban district” in the country.

Now the district is hoping that a statewide lawsuit challenging Pennsylvania’s school funding formula will result in more funding for Philadelphia to replace the lost federal dollars. For now, the schools are using reserve funds to maintain the supports put in place, said Christina Clark, a spokeswoman for the district.

Advertisement

“We’re working on preserving those because we’ve seen the impact it’s had on students,” she said.

The Cleveland Metropolitan School District also saw significant federal spending — nearly $427 million in the second and third allotments, or about $12,000 per student. As in Philadelphia, students also gained about a half year of learning in math between spring 2022 and spring 2023, but the losses in Cleveland were deeper, so this erased only about half of the slide since 2019. Early data from spring 2024 testing shows progress continued, though details were not available, officials said.

One of Cleveland’s key investments was a robust summer learning program, which combined engaging and fun activities with academic review. The district also upped funding to each school, and some used the extra for tutoring or other academic supports.

“We would not have been able to do some of this work at scale if we did not have this funding,” said Selena Florence, the district’s chief academic officer.

With the federal money running out, Cleveland this year cut back its summer program, which had served more than 5,000 students in the last few years, by about half. The district cut back other programs too, and eliminated the extra school-based funding.

Advertisement

But Florence said she is optimistic that Cleveland can continue making progress. “Having additional money is always going to help us doing the work we have to do,” she said. “The work can certainly be done without it.”

Researchers did not credit all the academic gains recorded to more federal spending. Many districts that received no money, or very little, saw large gains. These were typically wealthy districts that consistently have other advantages.

And low-income districts saw improvements beyond what the federal funding alone would have predicted, the Harvard-Stanford group found. Among districts with at least 70 percent of low-income students, between one-third and one-half of the improvement in test scores could be attributed to the federal funding. It was not clear what accounted for the rest; possibilities include deeper parental involvement, extra efforts by teachers or extra local funding.

Kane bemoaned that there is scant data to explain how districts spent their money, seeing a missed opportunity to assess which interventions were most effective. Past research has found certain initiatives — such as intense tutoring or small class sizes in the early years — produce greater academic gains than others. The federal rules required that districts spend at least 20 percent of their money addressing learning losses, but there was little guidance beyond that.

“In the absence of being able to say which interventions work, we can ask the next best thing,” he said. “Did the districts that got and received more money go faster in catching up?” The answer, they found, is yes.

Advertisement



Source link

Continue Reading

Washington

Analysis | No, Biden won’t be on performance-enhancing drugs for the debate

Published

on

Analysis | No, Biden won’t be on performance-enhancing drugs for the debate


Allies of Donald Trump have painted themselves into a cognitive corner. President Biden is unfit for office, they argue, because he is so old, and his mental abilities have deteriorated markedly. But then Biden will, say, deliver a State of the Union address in which he is energetic and pointed for more than an hour.

So they modify their claim: Biden is addled and wandering, except when he is given some sort of medication, perhaps a stimulant, that reverses that effect. And here we are, with Trump and those seeking his reelection to the White House demanding that Biden submit to some sort of drug test before this week’s first presidential debate, purportedly in effort to sniff out this theoretical drug.

Experts who spoke with The Washington Post, though, confirm that no such medicine exists.

At the outset, we should recognize that this claim is generally not offered seriously. It is, instead, an effort to escape the aforementioned contradiction, a way to hold both that Biden is incapable of serving as president and yet, unquestionably at times, not demonstrating any such impairment. What’s more, the demand that Biden undergo a drug test is itself not serious. It is, instead, meant to create a condition that allows Trump and his allies to continue to claim that any strong performance from Biden is a function of medication. The result is win-win for Trump, who can blame any loss on this wonder drug.

Advertisement

If you haven’t been paying close attention to the debate (such as it is) over this idea, consider a snippet of conversation that aired on Fox Business on Tuesday morning.

Host Maria Bartiromo — no stranger to conspiratorial argumentation — hosted Rep. Eric Burlison (R-Mo.) where she offered an observation made by Rep. Ronny Jackson (R-Tex.).

“Jackson says Biden will have been at Camp David for a full week before the debate,” Bartiromo said, “and that they’re probably experimenting with getting doses right. Giving him medicine ahead of the debate.”

Burlison agreed that this was possible, though he offered that it might be more innocuous than medication. Perhaps, he said, Biden’s team is “jack[ing] him up on Mountain Dew.”

Jackson, you will recall, was Trump’s personal doctor while Trump was in the White House. He is not an expert on cognition or cognition-related illnesses, though he is familiar with drug prescription.

Advertisement

“Nothing like that exists,” Thomas Wisniewski, director of the NYU Langone Alzheimer’s Disease Research Center, told The Washington Post by phone. “There are no medications or stimulants that can reverse a dementing process transiently.”

“All of those sorts of things can perhaps make an individual more alert, but quite often that can just exacerbate their confusion, as well,” he added. “They can be more stimulated, but they are not going to be behaving in a more cogent or normal fashion as a result of being stimulated by anything. Very often it’s the reverse.”

Adam Brickman, associate professor of neuropsychology at Columbia University Irving Medical Center, concurred with that assessment.

“I’m not aware of any medications that would reverse or mask cognitive decline,” Brickman said. What’s more, he noted that “the association between energy and cognition is a very weak one. In other words, someone could have low energy but totally intact cognition and vice versa.”

Both doctors noted that such a medication would be of enormous benefit. Reversing cognitive decline, after all, would mean turning back the damage done from diseases that impair cognition in the first place. It would be akin not just to treating the pain of a broken bone but, instead, to directly healing the break itself. Sadly, no such drug for cognition exists.

Advertisement

Again, the argument that Biden is or could be receiving targeted treatment to improve his mental state fails multiple logical tests. Why, for example, would he not simply take this medication all the time? Why would he need to retest his dosage for a debate after giving a lengthy State of the Union address? The answer is that there is no good answer, that the intent of the allegations is simply to maintain the political argument that Biden is mentally deficient even in the face of his performing above expectations in a debate.

Not that that argument is itself well-grounded, as Brickman noted.

“It’s not possible to conclude or to determine whether someone has subtle cognitive change without doing a true clinical evaluation,” he said. “So to judge whether there’s an underlying disease or neurodegenerative condition based on public speeches or interactions that are captured by the press is irresponsible.”

Wisniewski offered a more succinct dismissal of the claims being made by Trumpworld.

“It’s spurious,” he said. “It’s nonsensical.”

Advertisement

In other words, if Biden fares better in the debate this week, it’s not because of a secret Camp David drug-dosing regimen that enabled the administration to mask Biden’s physical degeneration. It’s because Biden out-debated the guy who won’t accept that that’s possible.



Source link

Continue Reading

Washington

Elderly couple dies in Washington Heights apartment building fire

Published

on

Elderly couple dies in Washington Heights apartment building fire


An elderly couple died when a massive fire tore through their Washington Heights apartment building early Tuesday, FDNY and NYPD officials said.

The blaze broke out inside a top-floor apartment in the six-story building on W. 178th St. near Broadway, a block from the entrance to the George Washington Bridge, about 1:45 a.m.

“Upon arrival in four-and-a-half minutes we saw heavy fire venting from three windows on the top floor,” FDNY Deputy Chief of Special Operations Malcolm Moore said at the scene. “We did an aggressive interior attack and found a couple, an older male and female, inside the apartment.”

The woman was found suffering from burns and smoke inhalation in the front room, Moore said.

Advertisement

“Once the units battled past the heavy fire condition we found the second victim, believed to be a male, in a back bedroom,” the chief said.

The couple were taken to Harlem Hospital, where they both died, the NYPD confirmed. Their names were not immediately released.

It took more than 130 firefighters about two hours to put out the massive blaze.

Three other building residents, a firefighter, and two FDNY emergency medical technicians suffered minor injuries, FDNY officials said. The civilians were treated at the scene while the FDNY workers were treated at local hospitals.

FDNY fire marshals are investigating the cause of the fire.

Advertisement



Source link

Continue Reading

Trending