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Dan Quayle on Social Security

Vice President of the U.S., 1989-1993; Former Republican Senator (IN)


30% privately invested won’t affect Social Security system

Quayle says individuals should be given the chance to privately invest up to 30 percent of the money they now pay into the Social Security fund. “It would be their choice and it wouldn’t affect the Social Security system at all,” he said.
Source: Associated Press , Jul 7, 1999

Tax-free “Freedom Accounts” replace IRAs.

Quayle has proposed a new, powerful savings and investment tool to replace traditional IRAs: the Freedom Account. Individuals could contribute up to $10,000 annually in after-tax dollars to their Freedom Accounts, allowing these nest eggs to grow tax-free for retirement.
Source: www.quayle2000.com/ “Lower Taxes”, 5/19/99 , May 19, 1999

Can place 30% of SSI taxes into “Freedom Accounts”

Freedom Accounts would also help to strengthen Social Security. Under Mr. Quayle’s plan, every working American could choose to place up to 30% of their Social Security payroll taxes into their Freedom Account. This would allow individuals to realize a much higher rate of return on their Social Security savings (realistically, 6-7% returns vs. 1-2% for current returns) and retain more control over their retirement.
Source: www.quayle2000.com/ “Lower Taxes”, 5/19/99 , May 19, 1999

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Other past presidents on Social Security: Dan Quayle on other issues:
Former Presidents:
George W. Bush(R,2001-2009)
Bill Clinton(D,1993-2001)
George Bush Sr.(R,1989-1993)
Ronald Reagan(R,1981-1989)
Jimmy Carter(D,1977-1981)
Gerald Ford(R,1974-1977)
Richard Nixon(R,1969-1974)
Lyndon Johnson(D,1963-1969)
John F. Kennedy(D,1961-1963)
Dwight Eisenhower(R,1953-1961)
Harry S Truman(D,1945-1953)

Past Vice Presidents:
V.P.Dick Cheney
V.P.Al Gore
V.P.Dan Quayle
Sen.Bob Dole
V.P.Walter Mondale

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Page last updated: Mar 16, 2014