David Loebsack on Social Security



I will never vote to privatize Social Security

I will never vote to privatize Social Security. The system is in need of significant reform but it is not in crisis. The Bush administration’s attempts to privatize this most vital and successful of social programs are misplaced and threaten the retirement security of millions of Americans. We know that Bush’s proposals will do nothing to remedy the long-term solvency problem and will only reduce benefits for recipients when they reach retirement age.
Source: 2006 House campaign website loebsackforcongress.org “Issues” , Nov 7, 2006

Increase FICA cap to $150,000

Q: What principles do you support regarding Social Security?

A: The cap on income subject to FICA tax should be increased to $150,000.

Source: 2006 Congressional National Political Awareness Test , Nov 7, 2006

Reject privatization; don't raise the retirement age.

Loebsack signed the Social Security Protectors Pledge

Some 200 Democratic House and Senate candidates have signed on to a pledge rejecting any effort to privatize or scale back Social Security benefits or raise the retirement age. The Progressive Change Campaign Committee sponsored this pledge among Congressional candidates.

Source: PCCC Survey 10-PCCC on Aug 11, 2010

Sponsored keeping CPI for benefits instead of lower "Chained CPI".

Loebsack co-sponsored Resolution on CPI

CONCURRENT RESOLUTION expressing the sense of the Congress that the Chained Consumer Price Index (CPI) should not be used to adjust Social Security benefits.