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John Boozman on Social Security

Republican Representative (AR-3)

 


Private accounts should be looked at as an option

Lincoln criticized Boozman's past support of allowing workers to invest their Social Security taxes in private accounts , saying it would privatize the system and hurt retirees. She also criticized Boozman for co-sponsoring legislation that would replace the federal income tax with a national sales tax.

"The 23 percent sales tax is just a bad idea for Arkansans," Lincoln said. "It is replacing your federal income tax with a 23 percent consumption tax on anything you purchase, anything from your bread to your tires to your home to your car."

Boozman defended his position on Social Security and said that private accounts should be looked at as an option. Boozman said that he's open to the idea of the national sales tax and said it would simplify taxes for Americans.

"I think it's something that needs to be looked at. I would love to get rid of the IRS," Boozman said.

Source: Associated Press coverage of 2010 Arkansas Senate debate , Sep 10, 2010

Invest payroll taxes in individual private accounts