Fox Business 2015 GOP primary debate: on Social Security


Marco Rubio: Child tax credit refundable against payroll tax

Sen. Marco RUBIO: [My tax plan includes] a child tax credit increase.

Sen. Rand PAUL: He's talking about giving people money they didn't pay. It's a welfare transfer payment. Is it conservative to have $1 trillion in transfer payments--a new welfare program that's a refundable tax credit?

RUBIO: First of all, this is their money. They do pay. It is refundable, not just against the taxes they pay on their federal income tax, but also it's refundable against the payroll tax. Everyone pays payroll tax. This is their money. This is not our money. And here's what I don't understand--if you invest that money in a piece of equipment, if you invest that money in a business, you get to write it off your taxes. But if you invest it in your children, in the future of America and strengthening your family, we're not going to recognize that in our tax code? The family is the most important institution in society.

PAUL: Nevertheless, it's not very conservative, Marco.

Source: Fox Business/WSJ First Tier debate Nov 10, 2015

Mike Huckabee: Entitlements are earned benefits, not welfare

Q: You have characterized entitlement reform as both political and economic suicide.

HUCKABEE: Well, Sandra, first of all, let me mention the fact that I think there's a big difference between welfare programs and what some people call entitlements. Namely, Social Security and Medicare. I just want to remind everybody out there who has ever had a paycheck, the government didn't ask you if you wanted them to take money out of your check for Social Security and Medicare. They did that involuntarily. Those are not entitlements and that's not welfare. That's an earned benefit. And by gosh, you paid for it. And if the government screwed it up, you shouldn't have to pay the penalty because of an incompetent government. That's different than the social programs that we've spent $2 trillion on since the War on Poverty began exactly 50 years ago this year.

Source: 2015 Fox Business/WSJ Second Tier GOP debate Nov 10, 2015

Rand Paul: Eliminate payroll tax for employees

What is extraordinary about my tax plan is it gets rid of the payroll tax. Ours is 14.5 percent for corporations, 14.5 percent for individuals. No payroll tax for the employee. The business tax pays for social security, and there would be two remaining deductions--home mortgage and charity.
Source: Fox Business/WSJ Second Tier debate Nov 10, 2015

Ted Cruz: Personal accounts for young; no changes for elderly

Q: You've argued for raising the retirement age and reducing benefits for future retirees, but reducing any sort of benefits for the elderly has always been notoriously hard to do politically. When Speaker Paul Ryan proposed replacing traditional Medicare with federally funded private plans a few years ago, a liberal group responded with a commercial that featured a granny being pushed off a cliff.

CRUZ: Well, my Mom is here, so I don't think we should be pushing any grannies off cliffs. And, you mis-stated what I've said on entitlement reform. What I've said is for seniors we should make no changes whatsoever, for younger workers we should gradually raise the retirement age, we should have benefits grow more slowly, and we should allow them to keep a portion of their taxes in a personal account that they control, and can pass on to their kids.

Q: I did say "for future retirees" was your statement...

Source: Fox Business/WSJ First Tier debate Nov 10, 2015

Ted Cruz: Eliminate payroll tax entirely. and IRS entirely

Q: What about the payroll tax for Social Security?

Sen. Rand PAUL: My tax plan is it gets rid of the payroll tax. Ours is 14.5 percent for corporations, 14.5 percent for individuals. No payroll tax for the employee. The business tax pays for social security, and there would be two remaining deductions--home mortgage and charity.

Sen. CRUZ: My plan eliminates the payroll tax, eliminates the death tax, eliminates the corporate income tax, and it abolishes the IRS. It costs less than every other plan people have put up here, and yet it produces more growth.

Source: Fox Business/WSJ Second Tier debate Nov 10, 2015

  • The above quotations are from Fox Business/Wall Street Journal Two-Tier 2015 GOP primary debate
    First Tier: Top Eight by polls
    Second Tier: Four other Republicans
    .
  • Click here for definitions & background information on Social Security.
  • Click here for other issues (main summary page).
  • Click here for more quotes by Ben Carson on Social Security.
  • Click here for more quotes by Donald Trump on Social Security.
2016 Presidential contenders on Social Security:
  Republicans:
Gov.Jeb Bush(FL)
Dr.Ben Carson(MD)
Gov.Chris Christie(NJ)
Sen.Ted Cruz(TX)
Carly Fiorina(CA)
Gov.Jim Gilmore(VA)
Sen.Lindsey Graham(SC)
Gov.Mike Huckabee(AR)
Gov.Bobby Jindal(LA)
Gov.John Kasich(OH)
Gov.Sarah Palin(AK)
Gov.George Pataki(NY)
Sen.Rand Paul(KY)
Gov.Rick Perry(TX)
Sen.Rob Portman(OH)
Sen.Marco Rubio(FL)
Sen.Rick Santorum(PA)
Donald Trump(NY)
Gov.Scott Walker(WI)
Democrats:
Gov.Lincoln Chafee(RI)
Secy.Hillary Clinton(NY)
V.P.Joe Biden(DE)
Gov.Martin O`Malley(MD)
Sen.Bernie Sanders(VT)
Sen.Elizabeth Warren(MA)
Sen.Jim Webb(VA)

2016 Third Party Candidates:
Gov.Gary Johnson(L-NM)
Roseanne Barr(PF-HI)
Robert Steele(L-NY)
Dr.Jill Stein(G,MA)
Please consider a donation to OnTheIssues.org!
Click for details -- or send donations to:
1770 Mass Ave. #630, Cambridge MA 02140
E-mail: submit@OnTheIssues.org
(We rely on your support!)

Page last updated: Sep 05, 2016