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2016 Postmortem
Related: About this forumBernie Sanders vs. Hillary Clinton on Social Security
If you're between the ages of voting for the first time, and managing your retirement, the candidates' positions on the future of Social Security may be of importance to you.
According to Hillary Clintons past stands on Social Security, in April of 2008, she was against lifting the cap on payroll taxes because she said it would be a tax on the middle-class. But lifting or eliminating the cap would only increase Social Security taxes on those in the top 5% income bracket and wouldnt have taxed the middle-class one more penny. Hillary had no idea who the middle-class even was. Didnt she know that 50% of all wage earners take home $28,000 or LESS every year? Senator Bernie Sanders knows.
But that was in 2008. Last year in August of 2014 Hillary said she might consider some sort of a payroll cap increase, but she was very wishy-washy and non-committal on the issue (and that might be because she didnt want to raise taxes on billionaires. She only went as far as saying that she wouldnt privatize Social Security and that she might consider means-testing for reducing Social Security benefits for higher-income retirees (like herself).
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Bernie has introduced legislation that would make the wealthiest Americans pay the same share of their income into Social Security as other wage earners. That change would fully fund the retirement program through 2065. Under his measure, the average monthly benefit would increase by $65 a month, and cost-of-living adjustments would more accurately measure inflation for seniors and the minimum benefit would be raised to lift millions of old people out of poverty and keeping young people today out of poverty tomorrow when its their turn to retire.
https://bernieblog.org/bernie-sanders-vs-hillary-clinton-on-social-security/
But that was in 2008. Last year in August of 2014 Hillary said she might consider some sort of a payroll cap increase, but she was very wishy-washy and non-committal on the issue (and that might be because she didnt want to raise taxes on billionaires. She only went as far as saying that she wouldnt privatize Social Security and that she might consider means-testing for reducing Social Security benefits for higher-income retirees (like herself).
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Bernie has introduced legislation that would make the wealthiest Americans pay the same share of their income into Social Security as other wage earners. That change would fully fund the retirement program through 2065. Under his measure, the average monthly benefit would increase by $65 a month, and cost-of-living adjustments would more accurately measure inflation for seniors and the minimum benefit would be raised to lift millions of old people out of poverty and keeping young people today out of poverty tomorrow when its their turn to retire.
https://bernieblog.org/bernie-sanders-vs-hillary-clinton-on-social-security/
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Bernie Sanders vs. Hillary Clinton on Social Security (Original Post)
kenn3d
Oct 2015
OP
pangaia
(24,324 posts)1. A no brainer.
kenn3d
(486 posts)2. republican-plans-to-raise-retirement-age-fall-heavily-on-poor
http://www.bloomberg.com/news/articles/2015-10-13/republican-plans-to-raise-retirement-age-fall-heavily-on-poor?cmpid=BBD101315_POL
Social Security, which set retirement at 65 when enacted as a cornerstone of President Franklin Roosevelts New Deal, is credited with eradicating widespread poverty among the elderly.
Republican presidential candidates rationale for raising the retirement age, that were all living longer, holds true for those with multiple diplomas, homes in safe neighborhoods and a plan for golden-age leisure. In other words, for the wealthy.
Clinton has yet to stake out a position on retirement age during this campaign. In 2007, she said raising it was unacceptable. Democratic rivals Bernie Sanders and Martin OMalley favor boosting Social Security benefits and leaving the age alone.
Social Security, which set retirement at 65 when enacted as a cornerstone of President Franklin Roosevelts New Deal, is credited with eradicating widespread poverty among the elderly.
Republican presidential candidates rationale for raising the retirement age, that were all living longer, holds true for those with multiple diplomas, homes in safe neighborhoods and a plan for golden-age leisure. In other words, for the wealthy.
Clinton has yet to stake out a position on retirement age during this campaign. In 2007, she said raising it was unacceptable. Democratic rivals Bernie Sanders and Martin OMalley favor boosting Social Security benefits and leaving the age alone.
Anybody here depend on Social Security? Anybody here think Social Security won't be there for you when you retire? Do you know anybody in "forced early retirement" well under the eligibility age for Social Security? Will Social Security matter at all to you or your family?