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February 21, 2017

On This Day in 1834:

Responding to a 15 percent wage cut, women textile workers in Lowell, Mass., organize a “turn-out”—a strike—in protest. The action failed. Two years later they formed the Factory Girl’s Association in response to a rent hike in company boarding houses and the increase was rescinded. One worker’s diary recounts a “stirring speech” of resistance by a co-worker, 11-year-old Harriet Hanson Robinson.

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Labor Headlines

US labour news headlines from LabourStart

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Updated: Feb. 21 (09:01)

James R. Hoffa Memorial College Student Essay
Teamsters Local Union No. 677
602 Vets Committee presents TM intro
Lansing Labor News
State lawmaker’s solution for pregnant workers: ‘You can quit’
Queens Area Local AMERICAN POSTAL WORKERS UNION AFL-CIO
Sanders, Warren and Wyden Headline Press Conference Marking the Day Millionaires Stop Paying into Social Security
Queens Area Local AMERICAN POSTAL WORKERS UNION AFL-CIO
Speaker offers money for Visit Florida - with conditions
IATSE Local 477
House Democrats Reintroduce Bill to Strengthen OSHA
Teamsters local 570
 
     
How To Save Social Insurance (aka Entitlements)
Updated On: Nov 15, 2013

Via Blog of the Century

November 13, 2013

As part of the deal to end the government shutdown, the House and Senate are now working together to come up with a joint budget — Medicare and Social Security are sure to be part of that discussion. Many progressives argue that benefits paid for by Americans throughout their whole working lives should not change, either by modifying cost-of-living increases, cutting benefits or raising the retirement age (which wouldn’t actually do much good for the budget).

However, there may be a way to ensure these programs have the funds to continue paying future beneficiaries without taking anything away from current retirees.

Capping Out
Anyone who earns a paycheck knows the Federal Insurance Contributions Act, or FICA tax, is deducted to pay for Social Security and Medicare. In 2013, 7.65 percent of your paycheck will go to those two programs (6.2 percent to Social Security, and the rest to Medicare). Businesses must also pay the same amount for each employee.

But these payroll taxes apply only to earnings of up to $113,700 a year, which is this year’s cap (it rises from year to year). Any earnings above that are not subject to FICA taxes. If you earn $227,400 in 2013, for example, you would only pay FICA taxes on half of that.

The median income in the United States in 2012 was just over $51,000, according to the Census Bureau. This means that more than half of Americans already pay FICA taxes on all of their income.

Raising or eliminating the payroll tax cap would not alter most paychecks at all—as few as 5 percent of Americans would pay more. Since most employees would see no change, employers would not have to pay much more either.

Raise It To Save It
According to the program’s trustees, Social Security’s trust funds will be exhausted in 2033, and Medicare’s in 2026. Some action is needed to prevent this from occurring—the question is what.

The idea of eliminating the cap isn’t new. The Congressional Research Service estimated subjecting all earnings to payroll taxes would keep Social Security solvent for another seventy-five years.

Still, it’s a difficult sell. After all, any tax increase is politically difficult. Luckily, the plan can be retooled to appeal to policymakers and even benefit most Americans.

Here’s how:

Eliminate The Cap . . .

For starters, the payroll tax cap should be repealed, making all income subject to FICA taxes. The downside, apart from some wealthier Americans having to pay more, would be that some businesses with higher-paid employees could also see their burdens rise, since employer contributions match those of employees.

That’s where the second part of the plan comes in.

. . . Then Cut The Rate
Before this year, the United States implemented a payroll tax “holiday,” cutting the Social Security rate for employees to 4.2 percent from its usual 6.2 percent. (Businesses did not see a rate cut.) The Tax Policy Center found that households earned, on average, an extra $900 to $1,000 a year because of that cut. Unfortunately, it expired this year, curbing consumer spending.

To win support for eliminating the cap, policymakers could include a second, temporary payroll tax cut. To sweeten the deal, businesses could also receive a temporary rate cut, allowing those with highly paid employees to keep their payments lower for a few years.

Greater Good
It’s worth noting that cutting the Social Security rate to 4.2 percent would not only benefit the 95 percent of Americans who already pay FICA taxes on all of their income, but also many Americans who would have to pay taxes on more income.

For example, someone earning $150,000 a year will now pay $8,698.05 in FICA taxes on their first $113,700 of income. Paying 5.65 percent on all $150,000 would cut that bill to $8,475. If businesses saw a rate cut as well, expenses would decrease, allowing business owners to invest or bring on more workers.

Additionally, a proposed rate cut would have to be phased out eventually, otherwise benefits of this plan would be much smaller than anticipated. However, there is a simple fix: a half-percent increase each year for four years allows Americans to adapt.

The vast majority of Americans would still see a net tax cut over those four years and be no worse off afterward. Businesses without higher-paid workers would be unaffected, and could receive a temporary cut. Consumer spending would rise, boosting the economy.

Best of all, Social Security and Medicare would have the revenue needed for future beneficiaries.


http://www.tcf.org/blog/detail/how-to-save-entitlements-without-really-trying
 


General Membership Meetings:
Mar. 5, 2017  - Baltimore
Mar. 12, 2017  - Salisbury

10:oo am.
Please be present and on time.

Bring a coworker!

Current Campaigns
  • The ‘Let’s Get America Working!’ campaign seeks to restore a dynamic and prosperous middle class to drive economic growth by helping to advance policy decisions that create and maintain good middle-income jobs, guarantee retirement security, expand access to the American Dream, and ensure that the benefits of the ongoing economic recovery are felt by the many, not just the few.

  • We Are eXPOsing XPO’s Global Greed

    XPO Logistics is a top ten global logistics and transportation company with annual revenue of $15 billion and 89,000 employees, another 10,000 workers classified as independent contractors, and thousands more working for firms that subcontract with XPO. We are the REAL workers at XPO Logistics worldwide exposing the truth about the company’s global greed, illegal wage theft, unsafe conditions, and abhorrent and vicious anti-worker, anti-union tactics. 

    This greed includes mistreating former Con-way Freight workers in the United States who are being kept in the dark about terminal closures and layoffs, and the company’s illegal refusal to bargain contracts and denying their workers’ federally protected right to organize. It also includes port, rail and last-mile drivers around the country and in Southern California fighting wage theft in excess of $200 million because they are misclassified as independent contractors and denied the right to form their union. This greed has caused numerous lawsuits and strikes.  Greed also means an unsafe workplace and mistreating its warehouse employees.

    XPO’s greed extends to Europe beginning with breaking its promise to not layoff any workers for at least 18 months. French workers and the unions have been fighting back against XPO’s disrespect, lies and attempts to slash jobs. Similar struggles are taking place in Great Britain, Spain, Belgium, the Netherlands, and across Europe.

    Join the worldwide struggle now! Get involved with this campaign by joining the Facebook group “XPO Exposed.”

    Together, we can eXPOse the company’s global greed and win fairness, respect and dignity for tens of thousands of XPO employees around the world!

  • This webpage provides information on the Teamsters Union’s legislative advocacy at both the federal and state level as well as our field activity to support those policy positions and to get strong labor candidates elected to office.  Among other resources, you will find our federal legislative scorecard, formal statements of policy position and communications to Capitol Hill,  a weekly update on federal legislative happenings, an overview of bills we are tracking at the state level, and quick links to take action on priority issues.

  • Negotiations for the National Master Automobile Transporters Agreement (NMATA) are under way. On Wednesday, June 3, 2015 representatives from carhaul local unions met in Detroit to approve the contract proposals and the next day, Thursday, June 4, 2015 the Teamsters National Automobile Transporters Industry Negotiating Committee (TNATINC) exchanged the contract proposals with the employer group.

    The committee will work hard to protect members’ health, welfare and pension benefits, protect job security and other address other top priorities

    The National Master Automobile Transporters Agreement (NMATA) and its supplements expire on August 31, 2015. The national contract covers almost 6,000 Teamster carhaulers.

    In addition to protecting benefits and job security, other top priorities are wages, the grievance procedures and safety and health issues.

  • The IBT-Airline Division has established this page as a place to get up-to-date information about the Republic Airways Holdings (RAH) bankruptcy.  Please check here for the latest information about the bankruptcy.

  • Workers’ pensions are being endangered by both Congress and those charged with overseeing them. The Teamsters and our members are standing united to say “No!” to cuts and “Yes!” to greater retirement security!

  • The Teamsters Union represents more than 250,000 members at UPS and UPS Freight. UPS remains an active member of the American Legislative Exchange Council (ALEC) despite the organization’s anti-worker and anti-union agenda that seeks to undermine and weaken worker protections.

  • This web page provides information on our fight against fast-track legislation. The measure requires Congress to take only a quick up-or-down vote on secret trade deals like the Trans-Pacific Partnership and does not allow such agreements to be amended. It limits Congress’ constitutionally mandated oversight of such trade deals and lets others decide what’s best for America. The result is fewer good-paying U.S. jobs and unsafe food and products for Americans. Read more to find out why fast track is the wrong track for Teamsters and America.

  • Workers across the country at FedEx Freight and Con-way Freight are standing shoulder to shoulder to form their unions with the Teamsters to win a more secure future. Momentum is building with a first wave of victories with many more to come.

    There is growing worker resentment toward the companies after years of being treated unfairly. While the companies have suddenly made improvements since workers began to organize, workers know that without a legally binding contract the company can take these things away at any time.

    The unfulfilled promises that have been made to drivers and dockworkers over the past decade are coming back to haunt management.

    But now workers are taking action and standing up for themselves by forming their union. It's a different era now. It's Teamster Time! LIKE our Facebook page, here.

  • Teamsters are been standing together to protect good jobs at Sysco and US Foods. Our solidarity on many fronts helped to defeat the mega-merger of the two companies, which would have put thousands of jobs at risk. But challenges remain as both companies refine their plans. Join our campaign to ensure these foodservice giants honor their agreements with 11,500 Teamsters and help us bring more Sysco and US Foods workers into the Teamster family. LIKE our Facebook page, here.

     

 
 
Teamsters Local 355
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