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VoteGopher | Compare McCain and Obama | Social Security
SUMMARY: PRESIDENT
OBAMA VS. CANDIDATE OBAMA
SUMMARY: CONGRESS
DEMS VS. GOP VS. PRES
ECONOMIC
INTERNATIONAL
DOMESTIC
SOCIAL
POLITICAL
CANDIDATE QUALITIES
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06/30/2009 3:00 PM
Issue Homepage - Social Security Bookmark and Share
PRESIDENT OBAMA: ACTIONS IN OFFICE
  • Held a "fiscal responsibility summit" in February to discuss long-term budget issues
  • At the summit, focused more on Medicare and rising health care costs than Social Security
  • Argues that Social Security will be easier to fix than Medicare
  • Has not offered a more specific plan for Social Security reform
CANDIDATE OBAMA
ELECTION 2008
  • Said that the Social Security funding problem is real but manageable
  • Proposed to fund the system by adding a payroll tax of between 2% and 4% to all income above $250,000 per year
  • Opposed personal accounts and privatization
 
CANDIDATE McCAIN
ELECTION 2008
 
DEMOCRATS
IN CONGRESS
  • Strongly opposed Pres. Bush's proposal to add personal accounts to Social Security
  • Not yet clear whether Congressional Democrats would support Candidate Obama's plan to raise the payroll tax on the wealthiest earners
 
REPUBLICANS
IN CONGRESS
  • Many supported Pres. Bush's 2005 proposal to add personal accounts to Social Security
  • However, the proposal did not have enough support to come to a vote in that Republican-led Congress
  • Most oppose Candidate Obama's plan to raise the payroll tax on high-income earners to fund the system
 
ISSUE BACKGROUND
 
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