Jim Giles on Social Security
Voted YES on Social Security Lockbox & limiting national debt.
This vote limited debate on the amendment offered by Sen. Abraham (R-MI) that would have created a Social Security "lockbox" and establish limits on the public debt. [A YES vote was for a lockbox]. This vote failed because 3/5 of the Senate did not vote.
Giles says, "These measures prevent excessive spending."
Status: Cloture Motion Rejected Y)54; N)45; NV)1
Reference: Motion to invoke cloture on Amdt #254 to S. 557;
Bill S. 557
; vote number 1999-90
on Apr 22, 1999
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.
Giles says, "Retirees could receive a higher rate of return from private investment."
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