The 1993 Social Security tax penalizes seniors who have planned for their retirement through savings, investment and hard work. That's wrong, and that's why the double tax on Social Security must end.
quote by Rob Simmons
Submitted by Lucian Velea
Vote! | Copy!
Related quotes
There's been a lot said about Social Security reform. What has been left out of the debate is the double tax on Social Security benefits. I believe it's time to get rid of a tax that punishes seniors and discourages work and retirement savings.
quote by Rob Simmons
Submitted by Lucian Velea
Vote! | Copy!
President Roosevelt, the author of Social Security, was the first to suggest that, in order to provide for the country's retirement needs, Social Security would need to be supplemented by personal savings accounts.
quote by John Doolittle
Submitted by Lucian Velea
Vote! | Copy!
In order to fix Social Security, we must restructure it so that we continue to provide for our Nation's seniors that are approaching retirement age, but allow for younger taxpayers to invest a portion of their Social Security taxes in private accounts.
quote by Herman Cain
Submitted by Lucian Velea
Vote! | Copy!
Social Security is not a retirement savings plan; it is a social insurance program. It's a contract that says, as a society, we will look out for you and your family when you can no longer work.
quote by Jeff Bingaman
Submitted by Lucian Velea
Vote! | Copy!
By requiring that any surplus in Social Security taxes be returned to the American people in personal savings accounts, the plan ensures that Social Security taxes will be used for Social Security.
quote by Mike Pence
Submitted by Lucian Velea
Vote! | Copy!
Let me be clear, the discussions about Social Security are not about the retirement security of those Americans who are 55 or older - the Social Security system for those folks 55 and over will not change in any way shape of form - no ifs, ands, or buts.
quote by Norm Coleman
Submitted by Lucian Velea
Vote! | Copy!
It's time to stop the raid on the Social Security trust fund and start allowing Americans to invest their Social Security taxes in personal savings accounts.
quote by Mike Pence
Submitted by Lucian Velea
Vote! | Copy!
On the other end of the spectrum, these women who do live long enough to collect Social Security face the challenge of being disproportionately dependent on the Social Security system for retirement income.
quote by Ginny B. Waite
Submitted by Lucian Velea
Vote! | Copy!
We need to take steps to strengthen and mend Social Security so that its promise of a secure retirement is just as real for seniors in the future as it is today.
Without Social Security, poverty rates for African American seniors would more than double.
quote by Chaka Fattah
Submitted by Lucian Velea
Vote! | Copy!
Though Congress continues to explore possible solutions to ensure social security solvency, everyone must take personal responsibility to prepare their own retirement savings accordingly.
Social Security is the very foundation of retirement security for millions of Americans.
When one gets old and they are sick, there are not many things they can count on but they should be able to count on Social Security. Our seniors' retirement should never rely on the bull of political promises or the bear of the market.
quote by Barbara Mikulski
Submitted by Lucian Velea
Vote! | Copy!
Social Security is not just the foundation of America's retirement dignity and security, it ensures the economic stability and strength of our families and our state's economy.
quote by Debbie Stabenow
Submitted by Lucian Velea
Vote! | Copy!
I agree that we must expand opportunities for retirement saving, but we must not undermine this worthy effort with a flawed privatization scheme that takes the 'security' out of Social Security.
quote by Mary Landrieu
Submitted by Lucian Velea
Vote! | Copy!
Since Social Security was established by President Franklin D. Roosevelt in 1935 to ensure economic security for American workers, poverty among American seniors has dramatically declined.
quote by Steve Israel
Submitted by Lucian Velea
Vote! | Copy!
It was the labor movement that helped secure so much of what we take for granted today. The 40-hour work week, the minimum wage, family leave, health insurance, Social Security, Medicare, retirement plans. The cornerstones of the middle-class security all bear the union label.
quote by Barack Obama
Submitted by Lucian Velea
Vote! | Copy!
It has to have a payroll tax that's dedicated to Social Security. The Social Security tax has been very successful over the years in raising almost all of our elderly citizens out of poverty.
quote by James Roosevelt
Submitted by Lucian Velea
Vote! | Copy!
Republicans are manufacturing a Social Security crisis that does not exist in order to dismantle Social Security.
quote by Diane Watson
Submitted by Lucian Velea
Vote! | Copy!
No matter how you cut it, this real debate on personal accounts is about the legitimacy of Social Security; it's not about the solvency of Social Security.