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!
Related quotes
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!
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!
However, the Administration's plan to privatize Social Security will undermine retirement security for all Americans by cutting guaranteed benefits by more than 40 percent, and risky private accounts won't make up for the loss of benefits for millions of Americans.
quote by Ruben Hinojosa
Submitted by Lucian Velea
Vote! | Copy!
I do think that Social Security reform needs to be bipartisan, and we are going to have to reach that in this debate at some time before we can find really meaningful reform.
quote by Judy Biggert
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!
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.
Our constituents paid into Social Security, and they want it paid back to them when they retire. Cutting Social Security benefits that Americans have earned should always be a last resort.
quote by Dennis Cardoza
Submitted by Lucian Velea
Vote! | Copy!
Currently, more than 4.7 million African Americans receive Social Security benefits, and nearly 8 million people with disabilities depend on Social Security for their daily sustenance.
quote by Chaka Fattah
Submitted by Lucian Velea
Vote! | Copy!
I do not believe that the Social Security system is in crisis. The Social Security Administration itself recently reported that the system is able to pay full benefits as they are defined today until at least 2042.
quote by James T. Walsh
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!
I will work with my colleagues on both sides of the aisle to preserve the Social Security promise that provides secure retirement benefits for all, especially those who are most at risk such as widows, orphans, and people with disabilities when the need arises.
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.
We must ensure that today's seniors' benefits are rock solid and find a solution that fixes Social Security for the next generation that is just entering the workforce.
quote by John Thune
Submitted by Lucian Velea
Vote! | Copy!
Without significant reform, the Social Security Administration will be legally and financially unable to pay full promised benefits within a generation.