The Candidates on Social Security
Sunday, November 25th, 2007Fox News did a piece on where the five first tier candidates stand in regards to Social Security:
_ Former New York Mayor Rudy Giuliani: Supports private accounts. Opposes higher taxes. Favors bipartisan commission to propose changes. “I would rule out a tax increase”
_ Former Massachusetts Gov. Mitt Romney: Supports private accounts. Opposes higher taxes. Open to a reduction in promised benefits to future retirees at higher income levels. “I’m prepared to be entirely bold, but I’m not prepared to cut benefits for low-income Americans.”
_ Sen. John McCain: Supports private accounts. Says obligations can be met without raising taxes. “As president, I’ll submit a plan to save Social Security, and I’ll ask Congress to do the same.”
_ Former Sen. Fred Thompson: Supports reduction in promised benefits to future retirees. Supports voluntary private accounts, with the government matching funds contributed by individual. Opposes raising taxes. “The status quo is not having a Social Security system as we know it.”
_ Former Arkansas Gov. Mike Huckabee: Supports private accounts. Would allow retirees who don’t need their benefits the option of a tax-free lump sum payment that goes at their death to children or grandchildren. Would allow higher benefits for seniors who delay retirement beyond 70. “The president had the right idea, but he used the wrong word.”
