Carol Moseley-Braun on Social Security
Payroll tax is a regressive "working man's tax"
The payroll tax is regressive and could well be called the working man's tax because it is capped at about $80,000. By shifting health care funding [from the Social Security payroll tax] to the income tax, we can provide universal coverage without
costing a penny more than we are already paying, take some of the payroll tax burden off of working people, and at the same time give small businesses an incentive to create jobs and large business a better competitive edge in international markets.
Source: Concord Monitor / WashingtonPost.com on-line Q&A
Nov 6, 2003
Our children must have same security as us
Q: What is your position on raising the retirement age? MOSELEY-BRAUN: If we are actually going to accept our generation's responsibility, that's going to mean that we give our children no less retirement security than we inherited from our parents.
To me, that means keeping Social Security safe, that means not raising the retirement age, that means not putting on additional restrictions that would give people less upon which to fall back and retire than we inherited.
Source: Debate at Pace University in Lower Manhattan
Sep 25, 2003
Voted YES on allowing Roth IRAs for retirees.
Senator Roth (R-DE) offered this amendment to the IRS Restructuring and Reform Act to allow people older than 70.5 with incomes over $100,000 to move funds from an Individual Retirement Account into a Roth IRA.
Status: Amdt Agreed to Y)56; N)42; NV)2
Reference: Roth Amdt #2339;
Bill H.R. 2676
; vote number 1998-120
on May 6, 1998
Voted NO on allowing personal retirement accounts.
Vote on an amendment expressing the sense of the Senate that the Finance Committee should consider legislation to use the federal budget surplus to establish personal retirement accounts as a supplement to Social Security.
Bill S.Con.Res.86
; vote number 1998-56
on Apr 1, 1998
Voted NO on deducting Social Security payments on income taxes.
Vote on an amendment to establish an income tax deduction for Social Security taxes paid by employees and the self-employed.
Bill S Con Res 57
; vote number 1996-140
on May 22, 1996