[Occupymendocino] Fwd: Elizabeth Warren puts seniors before CEOs

[Richard Karch]

> Dear 
> 
> Last week, Senator Elizabeth Warren introduced a new bill designed to correct next year's lack of increase in Social Security benefits. Called the Seniors and Veterans Emergency Benefits Act (or SAVE Benefits Act), it would give the 70 million Americans who rely on Social Security benefits a payment of about $580 dollars. And it would pay for this by closing a loophole that allows CEOs to receive "performance pay" bonuses tax-free. 
> 
> 18 Senators have already joined Senator Warren as co-sponsors. We are building a movement to make Congress put Seniors before CEOs--and this bill is crucial. 
> 
> Please, stand with Social Security Works and our friends at CREDO Action in supporting Elizabeth Warren’s SAVE Benefits Act today!
> 
> Thank you,
> Alex Lawson
> Executive Director
> Social Security Works
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> Richard,
> 
> As you may have heard, there will be no Cost of Living Adjustment for Social Security beneficiaries next year. Despite average annual benefits of just $14,375 and rising medical and housing costs, Social Security payments will remain flat.
> 
> CEO pay for the top 350 US Firms, meanwhile, saw their pay increase by 3.9% last year, according to data compiled by the Economic Policy Institute. Why are we stretching thin seniors and people with disabilities while CEOs whose average pay is $16.3 billion—much of it paid through a tax-free “performance pay” loophole—are making more than ever?
> 
> Thankfully, Social Security champion Senator Elizabeth Warren has just introduced a bill which will give a 3.9% raise to Social Security beneficiaries in 2016 – around $580 – and pay for it for by eliminating the CEO performance pay tax break.
> 
> Stand with Elizabeth Warren today and help build support for her important piece of legislation to support seniors, surviving spouses and people with disabilities.
> 
> At a time when more than half of households 55 and older have zero retirement savings, and when two-thirds of retirees depend on Social Security for the majority of their income, Senator Warren’s legislation is critical to providing financial security to Social Security recipients in 2016.
> 
> Please, stand with Social Security Works and our friends at CREDO Action in supporting Elizabeth Warren’s SAVE Benefits Act today!
> 
> It is time for Social Security beneficiaries to receive a raise and for the wealthiest Americans to start paying their fair share.
> 
> Thank you,
> 
> Michael Phelan
> Social Security Works
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