John Kasich on Social Security

	John Kasich on Social Security Republican Governor; previously Representative (OH-12); 2000 candidate for President

Fix Social Security by lowering benefits

We can't balance a budget without entitlement reform. What are we, kidding? He initially said young people would see "a lot" lower benefit, before correcting himself to say perhaps not "a lot," but some amount. Kasich told reporters that Democrats "basically allowed this program to get to a point where it could go bankrupt" and said they should focus on proposals to fix the problem. Source: CNN 2015 coverage of 2016 presidential hopefuls , Oct 10, 2015

More 18-year-olds believe in UFOs than in getting Soc.Sec.

We've increased our federal deficit by hundreds of billions of dollars, adding to the trillions of our national debt. We've blown an opportunity to take some of our surpluses and put them to work saving some of our biggest, most essential social programs We've let Social Security deteriorate to where more 18-year-olds believe they stand a better chance of seeing a UFO in their lifetime than a Social Security check. We've seen health care costs spiral out of control, and unconscionable legal fees scare honest, hardworking folks from starting or sustaining their own businesses. It's downright depressing if we don't look at the bigger picture, and the bigger picture is this: What goes around come around. For every valley, there's a peak. Everything's on a pendulum, folks, and it's only a matter of time before fate and fortune swing back in our favor. We need look no further than our recent history to remind ourselves that such swings are the nature of the American beast. Source: Stand For Something, by John Kasich, p. 29 , May 10, 2006

Personal Retirement Savings Accounts invest 2% privately

Kasich has proposed establishing Personal Retirement Savings Accounts. These accounts would provide individuals with several options for investing and would not be a substitute for Social Security, but rather an enhancement to the program that would use a portion of the surplus to fund each new account. Under the Kasich plan, Americans would direct 2% of their payroll taxes into the private sector, much the same way Federal employees direct their retirement savings into a wide range of funds. Source: www.k2k.org “On The Issues” 5/27/99 , May 27, 1999

Voted YES on reducing tax payments on Social Security benefits.

Vote to pass a bill that would reduce the percentage of Social Security benefits that is taxable from 85 to 50 percent for single taxpayers with incomes over $25,000 and married couples with incomes over $32,000. The revenues that would be lost for the Medicare trust fund would be replaced by money from the general fund. Reference: Bill sponsored by Archer, R-TX; Bill HR 4865 ; vote number 2000-450 on Jul 27, 2000

Reduce taxes on Social Security earnings.

Kasich signed the Contract with America:

[As part of the Contract with America, within 100 days we pledge to bring to the House Floor the following bill]:

The Senior Citizens Fairness Act:
Raise the Social Security earnings limit, which currently forces seniors out of the workforce; repeal the 1993 tax hikes on Social Security; and provide tax incentives for private long-term care insurance to let older Americans keep more of what they have earned over the years.

Source: Contract with America 93-CWA9 on Sep 27, 1994

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