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Bob Corker on Social Security

Republican Jr Senator


We must preserve benefits exactly as promised

Using Social Security taxes for private accounts
AARPOpposes
CorkerNo response
FordOpposes
Q: What about private accounts?

A: Social Security provides an essential safety net and that it should be preserved for future generations. For those individuals anywhere near retirement age, their benefits should be delivered exactly as they have been promised.

Source: AARP Senate candidate questionnaire , Sep 29, 2006

Support automatic payroll deductions for IRAs

Automatic payroll deduction for IRAs
AARPSupports
CorkerNo response
FordSupports
Q: Do you support requiring employers to allow automatic payroll deductions to fund their personal IRAs?

A: The IRA is an important tool to increase savings and provide for a secure retirement. I support automatic payroll deductions that increase participation in these accounts.

Source: AARP Senate candidate questionnaire , Sep 29, 2006

Voted YES on establishing reserve funds & pre-funding for Social Security.

Voting YES would:
  1. require that the Federal Old Age and Survivors Trust Fund be used only to finance retirement income of future beneficiaries;
  2. ensure that there is no change to benefits for individuals born before January 1, 1951
  3. provide participants with the benefits of savings and investment while permitting the pre-funding of at least some portion of future benefits; and
  4. ensure that the funds made available to finance such legislation do not exceed the amounts estimated to be actuarially available.

Proponents recommend voting YES because:

Perhaps the worst example of wasteful spending is when we take the taxes people pay for Social Security and, instead of saving them, we spend them on other things. Even worse than spending Social Security on other things is we do not count it as debt when we talk about the deficit every year. So using the Social Security money is actually a way to hide even more wasteful spending without counting it as debt. This Amendment would change that.

Opponents recommend voting NO because:

This amendment has a fatal flaw. It leaves the door open for private Social Security accounts by providing participants with the option of "pre-funding of at least some portion of future benefits."

Make no mistake about it, this is a stalking-horse for Social Security. It looks good on the surface, but this is an amendment to privatize Social Security.
Reference: Bill S.Amdt.489 on S.Con.Res.21 ; vote number 2007-089 on Mar 22, 2007

Other candidates on Social Security: Bob Corker on other issues:
TN Gubernatorial:
Bill Haslam
TN Senatorial:
Joe Carr
Lamar Alexander

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Contact info:
Fax Number:
202-228-1264
Mailing Address:
Senate Office SD-185, Washington, DC 20510
Phone number:
(202) 224-3344

Page last updated: Dec 21, 2013