Florida-based congressman Byron Donalds has reportedly earned a prime position in the House Republican Steering Committee. He has apparently attained his position after voting in favor of Kevin McCarthy.

Byron Donalds Receives Committee Appointment After Supporting Kevin McCarthy

Source- AP

Florida GOP Representative Byron Donalds has made shocking revelations after the appointment of Kevin McCarthy as the House Speaker.

It is evident that in the initial phases of the election, McCarthy was lagging far behind. He did not get the required support or votes from the majority of the House representatives.

It so happened that even after numerous rounds, no speaker was elected. Therefore, McCarthy had to adopt other strategies to win the support of the representatives.

One such representative is Bryon Donalds, a GOP representative from Florida. McCarthy was finally elected as the House Speaker after 15 rounds of ballot election.

Source- AP

For that, he had to convince the majority of House Representatives to vote for him. Donalds has revealed that McCarthy earned him a position in the House Republican Steering Committee after he cast the vote in his favor.

It is worth noting that Donalds was among those representatives who refused to support McCarthy due to a wide range of reasons.

How Did Byron Donalds React After Earning the Position in the Steering Committee?

The Florida-based representative seemed elated after earning a key position on the committee. He was quoted saying that he intends to bring various transformations in the lives of the American people and his current designation will help him do so.

Source- Reuters

He further stated that he refused to support McCarthy in the previous elections because he felt that this will led the party nowhere since a majority of the people were opposing his candidature.

But when McCarthy agreed to fulfill their demands under the pretext of votes, Donalds did not miss the opportunity since he felt that by being a part of this committee he can bring changes in the community.

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Prati Bhaniki

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Inflation sure did inflict some heavy blows to benefits in Social Security, including the amount of coverage to its beneficiaries in the United States. Prices of commodities have surged significantly by six percent in the past year alone. Putting things into perspective, inflation stagnated to almost zero for the better part of the last ten years, and in less than a year, prices have skyrocketed in nearly each of the major categories. A good example is the grocery prices that went up by 12 percent in several categories.  

COLA 2022’s 5.9% may not be enough for some  

To ease things up, the cost-of-living adjustment (COLA) for 2022 will be up by 5.9 percent, which is the largest tweak in the last four decades. Albeit such an increase, some still need additional funds to make ends meet. That said, here are some tips to substantially boost one’s income.  

Image credits: (FDR Presidential Library & Museum/flickr)

All about timing  

An essential factor in determining a person’s Social Security benefit is timing. That said, the timeliest one can get in filing for the program’s benefits is by the time that individual has reached the age of 62, with age 70 being the latest. Americans are well-aware, though, that there’s a catch to this. Early filing of it would only yield lesser benefits. However, waiting for the ripe age of 70 would result in them receiving the maximum benefits, GBR writes.  

Further, delayed retirement credits are some sort of reward that Social Security provides its recipients with for putting off claiming an individual’s retirement benefit. These credits start to stack up the month a person reaches their retirement age of 66 years and four months for people born in 1956, as this slowly increases to 67 for folks born in 1960 and above.  

Additionally, these credits accumulate through age 69, though this may seem to work in reverse if one decides to get the benefits earlier.  

The Social Security Administration stated that if a worker starts getting benefits prior to his/her full retirement age, that worker is said to be getting a reduction in benefits. The program stated that a worker can opt to retire as early as 62, though doing such may ensue a benefit reduction to as much as 30 percent. 

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David Brinkley

David, born in Dallas, is a lifelong Finance freak and an avid newspaper reader.

He entered the writing/editing field at the age of 21 and wrote a lot about social security benefits and stimulus checks awareness during the pandemic, and helped most readers overcome their anxiety.

He published many stories with information on stimulus checks that helped millions of readers across the US.

See author's posts

The Social Security Administration has rolled out the schedule of the program’s payments for 2022. It was learned that the payments would be the first to put in the new cost-of-living adjustment (COLA) of 5.9 percent.  

The COLA is computed by checking the Consumer Price Index for both Clerical Workers and Urban Wage Earners for July, August, and September, AS reports.  

COLA’s 5.9 percent is the highest in decades  

Next year’s COLA is the highest in over four decades. Most of it results from the unusual inflation brought on by several factors resulting from the ongoing Covid-19 pandemic.  

The Senior Citizens League – a collective that supports the elderly sector in the United States has pointed out that the COLAs implemented to the social security benefits are pretty much behind the market’s actual price hikes over the past decades. The yearly increase to monthly payments will facilitate toward keeping both the disabled and the elderly beneficiaries of the program from losing purchasing power. Nonetheless, a lot from this increase will pretty much make up for similar hikes in the prices of certain goods, including Medicare.  

With that in mind, the league has requested the U.S. Congress to roll out stimulus checks amounting to $1,400 to folks who are on Social Security.  

COLA 2022 schedule  

Meanwhile, the Social Security Administration highlighted that approximately eight million beneficiaries would be getting their initial check alongside the new COLA this December 30. In line with this, over 64 million program recipients will notice increased payments come January 2022 based on SSA’s schedule of payments.   

If the beneficiary’s birthdate falls on the first of the month through the 10th of the same month, that individual’s benefits will be paid on the second Wednesday of the month. That said, January 2022’s first payment is scheduled to be paid on the 12th. Further, if the beneficiary’s birthdate falls on the 11th through the 20th of the month, payment will be made on every month’s third Wednesday. This will be paid on January 19, 2022.  

Folks whose birthdate is on the 21st through the 31st of the month will be paid off on the fourth Wednesday of the month. For this group, it will be paid on January 26, 2022.  

The entirety of the payment schedule is also posted on SSA’s website.  

About Post Author

David Brinkley

David, born in Dallas, is a lifelong Finance freak and an avid newspaper reader.

He entered the writing/editing field at the age of 21 and wrote a lot about social security benefits and stimulus checks awareness during the pandemic, and helped most readers overcome their anxiety.

He published many stories with information on stimulus checks that helped millions of readers across the US.

See author's posts