Rush Votes to Enact Bipartisan Budget Agreement
WASHINGTON — Today, U.S. Representative Bobby L. Rush (D-Ill.) voted with 265 Democratic and Republican Members of Congress to pass H.R. 1314, the Bipartisan Budget Act of 2015, that creates jobs, protects seniors, affirms the full faith and credit of the United States and invests in our future.
“This vote will help alleviate some of the deeply felt concerns of my constituents regarding their family’s economic future,” said Rush.
This measure would also prevent a 52 percent spike in Medicare Part B premiums in 2016 for the 30 percent of beneficiaries not covered by the “hold harmless” provision of the Social Security Act. These beneficiaries would instead see base premium increases limited to $120 monthly, the increase that would have applied to all beneficiaries in the absence of the hold harmless provision. All those currently held harmless would continue to pay the $104.90 that they are currently paying and the Part B deductible for all Medicare beneficiaries would be set at approximately $169, versus the $223 deductible projected in 2016 under current law. The bill would also eliminate the “benefit cliff” for the Social Security Disability Insurance Program (SSDI) which currently would take effect in 2016 by reallocating Social Security payroll taxes through 2022.
The bipartisan budget agreement passed today enables crucial investments in America’s future after years of damage caused by the sequester — securing funding increases in defense and domestic initiatives over the next two years, and allowing for investments in such critical areas as education and R&D.
Fending off the Republican threat of a first-ever U.S. default, this bill makes clear that the full faith and credit of the United States is non-negotiable and unbreakable with a clean debt limit suspension. Put simply, this bipartisan budget agreement provides greater economic certainty to businesses and families, and it is estimated that in addition to creating an additional 340,000 jobs in 2016 alone it will also yield increased economic growth.