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Jim Jeffords on Social Security
Independent Jr Senator (VT, retiring 2006)
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Raise FICA on rich; support lock-box
Jeffords supports the following principles regarding Social Security:- Require individuals to pay the Social Security tax on incomes above $68,400 (which is currently exempt).
- Support a lock box measure, limiting Congress’s ability to spend Social Security and Medicare surpluses on any other federal programs except Social Security and Medicare, until each program’s long-term solvency is guaranteed.
Source: vote-smart.org 2000 NPAT
Jul 2, 2000
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.
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.
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.
Reference:
Bill S.Con.Res.86
; vote number 1998-56
on Apr 1, 1998
Voted YES 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.
Reference:
Bill S Con Res 57
; vote number 1996-140
on May 22, 1996
Supports individual savings accounts and work incentives.
Jeffords adopted the Republican Main Street Partnership issue stance:
Congress must address the rapidly approaching disaster of a depleted Social Security system. Within the next ten years "baby boomers" will start retiring. It is estimated that, as a result of this, by 2013 Social Security will be making greater payments to retirees than it will take in from the workforce. By 2032 the Social Security Trust Fund will be completely exhausted. Congress could rewrite this forecast by establishing individual savings accounts, restoring Social Security to permanent actuarial solvency, improving work incentives and/or resolving internal administrative problems.
Source: Republican Main St. Partnership Issue Paper: Fiscal Policy 98-RMSP3 on Sep 9, 1998
Page last updated: Nov 22, 2009