Survey of 2020 Presidential campaign websites: on Social Security
Jo Jorgensen:
Allow Americans to opt out of Social Security system
Other countries have successfully replaced their government-run systems with individual retirement accounts safe from greedy politicians. As President,
I would work to implement a solution like the Cato Institute's "6.2% solution", which would allow any American the opportunity to "opt out" of the current system while making the current system fiscally stable for those who choose to remain.
Source: 2020 Presidential campaign website jo20.com
Jul 26, 2020
Rocky De La Fuente:
Raise retirement age and contributions cap
Our Social Security system is eradicated and needs to be fixed immediately.
There is only one solution: raise the retirement age and raise the contributions cap.
Source: 2020 presidential campaign website rocky101.com
Mar 4, 2020
Mike Bloomberg:
New minimum benefit; expand support for senior savings
Mike will introduce a new minimum benefit in Social Security. Mike will help people prepare for retirement by providing a government-backed savings plan that cuts out expensive fees, grows money safely and provides a match for low-income workers.
Mike will develop a federal safety net to guard against the catastrophic costs of long-term care, and he'll protect seniors from predatory financial advisers.
Source: 2020 Presidential campaign website MikeBloomberg.com
Jan 20, 2020
Joe Sestak:
Protect Medicare, Social Security, and Consumer Finance
With the population of elderly Americans poised to nearly double over the next decade, we need to make sure that seniors can depend on quality healthcare, financial security, and freedom from abuse and neglect for the rest of their golden years.
Seniors are vital to our families and our communities, and they are human beings deserving of our respect and admiration.Priorities:- Protect Medicare and Social Security.
- Put a stop to elder abuse.
- Support seniors who want to receive
long-term care at home.
- Increase funding to fight diseases of the elderly, including Alzheimer's, Parkinson's, and cancer.
- Reduce costs of prescription drugs by allowing Medicare to negotiate for the lowest drug prices.
- Restore to the Consumer
Financial Protection Bureau its full powers so it can adequately monitor companies and protect against fraud, scams, and predatory lending.
- Create more opportunities for senior advancement and community involvement..
Source: 2020 presidential campaign website JoeSestak.com
Jun 23, 2019
Eric Swalwell:
Wants more payroll tax to keep Social Security solvent
I am committed to protecting our seniors and preserving the programs that have kept so many out of poverty. In Congress, I will work to preserve and protect Social Security, for example by raising the cap on earnings subject to the payroll tax.
I strongly oppose using the Chained Consumer Price Index (CPI) to calculate cost-of-living adjustments (COLA) for Social Security Benefits. While the budgetary challenges we face are serious, we should not be balancing the budget on the backs of seniors.
Source: 2020 presidential campaign website swalwell.house.gov
May 2, 2019
Marianne Williamson:
Raise cap on income & we can avoid privatization
Social Security was created to insure that our seniors can live in dignity without fear of poverty. Workers pay into a fund during their prime years, then get regular payments back when they stop working.Social Security has worked well for
generations to reduce poverty among seniors and the disabled. It is under attack today by Wall Street banks and related financial "service" entities who want to privatize it for no other reason than to tap into another new and huge source of income
and bonuses.
To that end, opponents of Social Security have claimed over the last few years that it is running out of money soon. It is true that there could be problems with Social Security funding down the line, but they are quite easily
solved by making modest changes, such as raising the cap on income subject to Social Security payroll tax. That simple modification can keep the system solvent indefinitely, without reducing benefits.
Source: 2020 presidential campaign website Marianne2020.com
Apr 8, 2019
Andrew Yang:
Optional automatic tax-free retirement investment vehicle
It's very hard to save for retirement years from now, and accounts seem very complex. Yet the earlier you start, the better off you'll be. We need to help Americans simplify their financial lives by making retirement savings self-activating.
It's a lot easier to save money if it's automatically being done for you.Problems to be solved: - People want to do more to save for retirement but don't know how.
Saving immediately is hard, but defining a time in the future to automatically start and increase that saving is much easier
As President, I will...- Create a tax-free investment vehicle into which people can opt to
automatically have a portion of their income directed, and allow them to define automatic increases to their contribution (either based on increases to their reported income, or at regular intervals)
Source: 2020 presidential campaign website Yang2020.com
Mar 29, 2019
Page last updated: Dec 01, 2021