Richard Burr on Social Security Sr Senator; previously Republican Rep (NC-5)

Protect retiree benefits & protect Trust Fund

• Consistently voting to protect Social Security so that retiree benefits are kept intact.
• Opposing Obamacare, the health care law that has robbed hundreds of billions of dollars from Medicare to pay for other government programs and which is now threatening the ability of seniors to get the health care they need.
• Voting to make sure that the government cannot use Social Security as a slush fund for other government programs.
• Voting to repeal the Clinton tax increase on Social Security benefits.
• Co-authoring the Older Americans Act Reauthorization Act, the law that ensures that North Carolina seniors are getting their fair share of funding for programs like Meals on Wheels, caregiver assistance, and programs that allow seniors to stay in their homes.

Voted YES on establishing reserve funds & pre-funding for Social Security.

1. require that the Federal Old Age and Survivors Trust Fund be used only to finance retirement income of future beneficiaries;
2. ensure that there is no change to benefits for individuals born before January 1, 1951
3. provide participants with the benefits of savings and investment while permitting the pre-funding of at least some portion of future benefits; and
4. ensure that the funds made available to finance such legislation do not exceed the amounts estimated to be actuarially available.

Proponents recommend voting YES because:

Perhaps the worst example of wasteful spending is when we take the taxes people pay for Social Security and, instead of saving them, we spend them on other things. Even worse than spending Social Security on other things is we do not count it as debt when we talk about the deficit every year. So using the Social Security money is actually a way to hide even more wasteful spending without counting it as debt. This Amendment would change that.

Opponents recommend voting NO because:

This amendment has a fatal flaw. It leaves the door open for private Social Security accounts by providing participants with the option of "pre-funding of at least some portion of future benefits."

This body has already closed the door on the President's ill-conceived plan for private Social Security accounts. The opposition to privatization is well-known:
• Privatizing Social Security does nothing to extend the solvency of the program.
• Transition costs would put our Nation in greater debt by as much as $4.9 trillion.
• Creating private accounts would mean benefit cuts for retirees, by as much as 40%.
• Half of all American workers today have no pension plan from their employers. It is critical that we protect this safety net.

Voted YES on raising 401(k) limits & making pension plans more portable.

Voted YES on reducing tax payments on Social Security benefits.

Voted NO on strengthening the Social Security Lockbox.

Rated 10% by the ARA, indicating an anti-senior voting record.

The mission of the Alliance for Retired Americans is to ensure social and economic justice and full civil rights for all citizens so that they may enjoy lives of dignity, personal and family fulfillment and security. The Alliance believes that all older and retired persons have a responsibility to strive to create a society that incorporates these goals and rights and that retirement provides them with opportunities to pursue new and expanded activities with their unions, civic organizations and their communities.

The following ratings are based on the votes the organization considered most important; the numbers reflect the percentage of time the representative voted the organization's preferred position.

Supports private retirement accounts.

The Christian Coalition voter guide [is] one of the most powerful tools Christians have ever had to impact our society during elections. This simple tool has helped educate tens of millions of citizens across this nation as to where candidates for public office stand on key faith and family issues.

The CC survey summarizes candidate stances on the following topic: "Allowing individuals to invest a portion of their Social Security tax in private retirement accounts"

Rated 3% by ARA, indicating a pro-privatization stance.

Scoring system for 2014: Ranges from 0% (supports privatization and other market-based reforms) to 100% (supports keeping federal control over Trust Fund and Social Security system).

About ARA (from their website, www.RetiredAmericans.org):

The Alliance for Retired Americans is a nationwide organization, founded in May 2001, with now over 4.2 million members working together to make their voices heard in the laws, policies, politics, and institutions that shape our lives. The mission of the Alliance for Retired Americans is to ensure social and economic justice and full civil rights for all citizens so that they may enjoy lives of dignity, personal and family fulfillment and security.

• Alliance members visit the polls in record numbers. We use the power of our membership and our Congressional Voting Record to educate and mobilize seniors to elect leaders committed to improving the lives of retirees and older Americans.
• We are effectively warding off cuts to our most important social programs like Social Security and Medicare. Our Human Chain Against the Chained CPI events in the summer of 2013 took place in more than 50 cities and mobilized support for stopping this cut to earned Social Security benefits.
• We blocked the privatization of Social Security with our Social Security "Truth Truck" delivering 2.1 million petitions to Members of Congress and other tactics.
• The Alliance makes its voice heard on the issues that matter not just to current retirees, but to all Americans who hope to retire one day. We were a leading voice in recent debates considering changes to Medicare, like replacing guaranteed benefits with a voucher system, and remain so in 2014.

Reduce taxes on Social Security earnings.

[As part of the Contract with America, within 100 days we pledge to bring to the House Floor the following bill]:

The Senior Citizens Fairness Act:
Raise the Social Security earnings limit, which currently forces seniors out of the workforce; repeal the 1993 tax hikes on Social Security; and provide tax incentives for private long-term care insurance to let older Americans keep more of what they have earned over the years.