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Tom Smith on Social Security
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Let Social Security payroll tax reduction expire in January
The candidates for US Senate in Pennsylvania are vowing to protect Social Security and Medicare but they have very different plans on how they'll go about it. "The first thing we should do is grow the economy," said
Sen. Casey. "The second thing we should do is stop these crazy proposals to take Social Security benefits and put them in the stock market... invest them in a very high risk venture that makes no sense for Social Security."Casey's opponent,
Social Security payroll into privately managed investment accounts. Meanwhile, Casey's attack that Smith supports tax breaks for the wealthy is based on Smith's support for a revenue-neutral flat tax--instead of a system of
graduated tax rates on higher income--and the elimination of taxes on capital gains. Casey's Medicare claim refers to a plan unveiled last year in the House of Representatives by Rep. Paul Ryan.
Source: Cumberlink Sentinel on 2012 PA Senate debate ad review
, Oct 18, 2012
AdWatch: divert payroll tax into privately managed accounts
Casey's attack ad says Smith "wants to privatize Social Security, and end Medicare as we know it, making seniors pay
$6,000 more all while giving even more tax breaks to the wealthy." Like many Republicans, Smith supports the idea of letting Americans divert some of their
The candidates for US Senate in Pennsylvania are vowing to protect Social Security and Medicare but they have very different plans on how they'll go about it. "The first thing we should do is grow the economy," said
Sen. Casey. "The second thing we should do is stop these crazy proposals to take Social Security benefits and put them in the stock market... invest them in a very high risk venture that makes no sense for Social Security."
Casey's opponent,
Source: Link
, Sep 19, 2012
Reform should include personal retirement accounts
Q: Are you willing to support (reforming) Social Security by allowing individuals born after
1981 to opt into their own personal retirement account?A: Yes
Source: 9.12 Project's 2012 Voter's Guide in AARP Senate Voter Guide
, Aug 24, 2012
Let younger people partially opt out with private accounts
Tom Smith, in March 2012, expressed support for privatizing Social Security. Smith said he supported having "younger people opt-out a portion" of Social Security in order to create private accounts.
At a candidate forum in December 2011, in reference to Social Security Smith said, "in the future people got to be allowed to invest their own if they so wish" in private accounts.
Source: Report on Pennsylvania Leadership Conference
, Mar 24, 2012
Page last updated: Nov 20, 2012
