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Tim Pawlenty on Social Security
Republican MN Governor
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2004: strong supporter of personal accounts
On Social Security, Pawlenty favors means testing as a way to help solve the program's unfunded liabilities and is willing to consider raising the retirement age. Back in 2004,
Pawlenty was a strong supporter of personal accounts, saying "let people have some discretion, some choice. I think that's a reasonable and fair thing."
Source: Club for Growth 2012 Presidential White Paper #1: Gingrich
, May 24, 2011
No increase in the Social Security tax cap
Q: On Social Security, Obama says he would increase only those withholding taxes for people making more than $200,000 a year.A: [The cap is currently] $97,000 for an individual or so.
Q: But there would be a lapse between $97,000 and
$200,000 or $250,000.
A: Well, but when you look at $97,000 of income, I think that’s people who are clearly middle income or upper middle income, but that affects a lot of Americans.
Source: CNN Late Edition: 2008 presidential series with Wolf Blitzer
, Jun 22, 2008
$97,000 of income is middle class; don’t raise withholding
Q: When Pres. Bush took office, the national debt was around $5 trillion. It’s now closer to $9 trillion, and it’s going up. Sen. Obama says, “We’ve borrowed billions from countries like China to finance needless tax cuts for the wealthiest Americans.”
Your response?Q: Obama is for dramatically increasing taxes. And Sen. McCain doesn’t believe that’s the way to grow the economy.
Q: But Obama says he wants to do it only for those families making more than $250,000 a year.
A:
Well, when you look at his proposals, including lifting the cap on Social Security taxes....
Q: But Obama says increasing Social Security withholding taxes would only go into effect for people making more than $200,000 a year.
A: $97,000 for an
individual or so.
Q: But there would be a lapse between $97,000 and $200,000 or $250,000.
A: Well, but when you look at $97,000 of income, I think that’s people who are clearly middle income or upper middle income, but that affects a lot of Americans
Source: CNN Late Edition: 2008 presidential series with Wolf Blitzer
, Jun 22, 2008
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