Gary Bauer on Social Security

	Gary Bauer on Social Security 2000 Republican Primary Candidate for President

Preserve system, but allow personal investment

Cut payroll taxes by 20 percent and allow workers to invest or spend the money as they deem appropriate. There will be a corresponding reduction in the growth of future benefits for those who receive the tax benefit, but no reduction for current retirees. This will preserve the basic structure of Social Security and help ensure its long-term solvency. Source: 2000 National Political Awareness Test , Jan 13, 2000

Relieve tax burden via smaller retirement benefits

Q: You propose an immediate 20% in the Social Security payroll tax. When the system is poised to go broke in the year 2012, how can you justify cutting the revenue stream that assures retirees their benefits? A: The Social Security is in so much trouble [because] politicians in both parties have been stealing the system blind to pay for their pet projects. We can do to ease the burden on current workers is to give them a 20% tax cut in exchange for a slightly smaller Social Security benefit when they re Source: New Hampshire GOP Debates , Dec 3, 1999

Preserve social security by reform without privatization

Q: There are a lot of senior citizens who don’t understand your plan and who fear that the money won’t be there for them. A: I can’t imagine a senior citizen fearing my plan. The plans they ought to fear are the privatization plans that say that current workers can all withdraw their current payments. It’s the current payments that’s paying the checks of current retirees. I will preserve the Social Security system. It’s worked well and it’s served the elderly in this country. Source: New Hampshire GOP Debates , Dec 3, 1999

Cut Soc.Sec. taxes AND benefits by 20%

The Social Security payroll tax would be cut by 20%, with individuals allowed to use the savings any way they want. As a result, Social Security benefts would be cut by a roughly corresponding amount, Bauer’s spokesman said. Social Security taxes might “ratchet up” at a modest rate in 10 to 20 years, he said. “We are trying to be honest about the costs as well as the benefits,” the spokesman said. Source: Michael Kranish, Boston Globe, p. A10 , Sep 23, 1999

Opposes privatization of Social Security

Bauer opposes privatization of Social Security. He favors more Federal intervention to insure the survival of farms. Mr. Bauer also calls for lower taxes and more spending on defense. Source: New York Times, p. A12, col. 4 , Aug 17, 1999

20% payroll tax cuts as part of SSI reform

Cut payroll taxes 20% as part of Social Security reform. Source: www.Bauer2k.com , Jul 2, 1999

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