Seniors And Veterans Emergency (SAVE) Benefits Act

The Seniors And Veterans Emergency (SAVE) Benefits Act proposes a one-time payment to approximately 70 million Americans, including Social Security recipients, veterans, and people with disabilities. This payment, calculated at 3.9% of the average annual benefit (roughly $581), is intended to provide financial relief during years when there is no cost-of-living adjustment (COLA). To fund these payments, the bill would eliminate certain tax deductions for corporations related to executive performance-based compensation.