How Republican presidential candidates stand on Social Security
On its present course, the system would not be able to pay full benefits by the year 2041. Political leaders recognize a need to shore up the system’s long-term financing to keep it solvent for future generations.All leading Republicans support Bush’s proposal to allow workers to divert a portion of payroll taxes to stocks and bonds.
Huckabee wants to offer higher-income retirees a one-time buyout or the opportunity to purchase a tax-free annuity.
Thompson proposes to trim future cost-of-living raises to keep the program solvent, figuring inflation on the rise in consumer prices instead of wages.
McCain and Romney want a commission or independent panel to recommend changes.
Sun-Sentinel | | January 6, 2008
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