All of the remaining
6 republicans have a plan
for Social Security 2016
except Donald Trump.
The problem with the
republican plans is that,
each one of them wants to do away with it one way or
another.
Bernie Sanders (D)
United States
Senator
AARP States that The
program would be able to continue
paying benefits in full for another four
decades
although in the long
term,
Sanders's plan isn't
fiscally sustainable either.
This plan will not
make it out of the Federal Senate
controlled by
Republicans.
If by some miracle
it ever did,
it will never make
it out of the House of Representatives,
controlled by
Republicans.
Why?
All of the remaining
6 republicans
have a plan for Social Security 2016
except Donald Trump.
The problem with the
republican plans is that,
each one of them wants to do away with it one way or
another.
AARP States that The
program would be able to continue
paying benefits in full for another four
decades although in the long
term,
Sanders's plan isn't fiscally sustainable either.
Bernie Sanders (D)
“Right now a
billionaire pays the same amount of money into Social Security as someone who
makes $118,500 a year.
That’s because there
is a cap on taxable income that goes into the Social Security system.
Sen. Sanders has
introduced legislation to end this absurdity, by lifting this cap so that
everyone who makes over $250,000 a year pays the same percentage of their
income into Social Security as the middle class and working families.
This would not only
extend the solvency of Social Security for the next 50 years, but also bring in
enough revenue to expand benefits by an average of $65 a month;
increase
cost-of-living-adjustments;
and lift more
seniors out of poverty by increasing the minimum benefits paid to low-income
seniors.
Not only is this the
right thing to do from a moral perspective, it is also what the vast majority
of the American people want us to do.
61 percent of the
American people support expanding Social Security benefits by lifting the cap
on taxable income, according to an NBC News/Wall Street Journal poll earlier
this year.
At a time when
millions of Americans are working longer hours for lower wages, even as
virtually all of the new income in this country is going to the top one
percent, Sen. Sanders’ legislation will begin to reduce the obscene level of
income inequality in America.
It’s time to expand
Social Security to make sure that everyone in this country can retire with the
dignity and respect they deserve.”
Hillary Clinton (D)
Former United States
Secretary of State
“For 80 years,
Social Security has been America at its best. Social Security reflects our
shared belief that every American should be able to retire with dignity after
decades of hard work. That no American should face poverty because he or she is
disabled, or when a loved one dies.
That we all have an
obligation, to each other.
Social Security
isn’t just a program—it’s a promise. As president, Hillary will:
Defend Social
Security against Republican attacks. Republicans are using scare tactics about
the future and effectiveness of Social Security to push through policies that
would jeopardize it. The real threat is Republican attempts to undermine the
bedrock of the system. Hillary believes that Social Security must remain what
it has always been: a rock-solid benefit that seniors can always count on—not
subject to the budget whims of Congress or to the fluctuations of the stock
market. She fought Republican efforts to undermine Social Security when she was
a senator and throughout her career, and she will fight them as president. As
president, she would:
•Fight any attempts
to gamble seniors’ retirement security on the stock market through
privatization.
•Oppose reducing
annual cost-of-living adjustments.
•Oppose Republican
efforts to raise the retirement age—an unfair idea that will particularly hurt
the seniors who have worked the hardest throughout their lives.
•Oppose closing the
long-term shortfall on the backs of the middle class, whether through benefit
cuts or tax increases.
Expand Social
Security for those who need it most and who are treated unfairly by the current
system—including women who are widows and those who took significant time out
of the paid workforce to take care of their children, aging parents, or ailing
family members. Social Security works well, but it should work better. Hillary
will fight to expand Social Security for those who need it most and who are
treated unfairly today. For instance:
•The poverty rate
for widowed women 65 or older is nearly 90 percent higher than for other
seniors—in part because when a spouse dies, families can face a steep benefit
cut. For a two-earner couple, those benefit cuts can be as much as 50 percent.
Hillary believes that we have to change that by reducing how much Social
Security benefits drop when a spouse dies, so that the loss of a spouse doesn’t
mean financial hardship or falling into poverty.
•Millions of
women—and men—take time out of the paid workforce to raise a child, take care
of an aging parent or look after an ailing family member. Caregiving is hard
work that benefits our entire economy. However, when Americans take time off to
take care of a relative, that can reduce their Social Security benefits at
retirement, since those benefits are calculated based on their top thirty-five
years of earnings. No one should face meager Social Security checks because
they took on the vital role of caregiver for part of their career. Americans
should receive credit toward their Social Security benefits when they are out
of the paid workforce because they are acting as caregivers.
Preserve Social
Security for decades to come by asking the wealthiest to contribute more.
Social Security must continue to guarantee dignity in retirement for future
generations. Hillary understands that there is no way to accomplish that goal
without asking the highest-income Americans to pay more, including options to
tax some of their income above the current Social Security cap, and taxing some
of their income not currently taken into account by the Social Security
system.”