Issues
Social Security
There’s plenty of disagreement among the 2008 candidates on how to reform the Social Security system -- or even if the system needs fixing in the first place.
Democrats
Republicans
Joe Biden
Opposes Bush plan allowing workers to divert some Social Security payroll taxes into private retirement accounts. Supports using private accounts as a supplement to the program.
Rudy Giuliani
Supports private retirement accounts as a part of Social Security, but not at the expense of guaranteed benefits.
Hillary Clinton
Opposes Bush plan allowing workers to divert some Social Security payroll taxes into private retirement accounts.
Mike Huckabee
Supported Bush plan allowing workers to divert some Social Security payroll taxes into private retirement accounts. Proposes offering higher income retirees a one-time buyout or the opportunity to purchase a tax-free annuity with their funds in order to free up the long-term obligation of the program.
Chris Dodd
Opposes Bush plan allowing workers to divert some Social Security payroll taxes into private retirement accounts.
Duncan Hunter
Says he is considering all options to reform the program and prevent impending insolvency. Says narrowing the trade deficit will increase workers' wages and increase the amount being paid into the system.
John Edwards
Opposes Bush plan allowing workers to divert some Social Security payroll taxes into private retirement accounts.
John McCain
Supported Bush plan to allow workers to divert some Social Security payroll taxes to private retirement accounts. Opposes raising payroll taxes. Says he would appoint a bipartisan commission similar to one created by President Reagan in 1983.
Mike Gravel
Supports investing money from the Social Security Trust Fund to improve solvency, and allowing workers to leave surplus benefits to their heirs.
Ron Paul
Opposed Bush plan allowing workers to divert some Social Security payroll taxes into private retirement accounts. Opposes government-run private retirement accounts. Proposes cutting payroll taxes and allowing workers to invest the money themselves. Says excessive government spending is the cause of Social Security insolvency problems. Opposes all taxation of Social Security benefits. Supports allowing young workers to opt out of the program entirely. Says the U.S. dollar must be strengthed in order to increase benefits for all workers.
Dennis Kucinich
Opposes Bush plan allowing workers to divert some Social Security payroll taxes into private retirement accounts. Says that the program is not in "crisis."
Mitt Romney
Supports private retirement accounts. Says indexing benefits to prices rather than wages is worth considering for higher income Americans, but that it is "the wrong way to go" for most workers. Will not cut benefits for current seniors. Opposes raising payroll taxes. Has suggested creating an independent panel to formulate a plan to reform Social Security.
Barack Obama
Opposes Bush plan allowing workers to divert some Social Security payroll taxes into private retirement accounts.
Tom Tancredo
Supports allowing younger workers to divert some Social Security payroll tax into private retirement accounts. Says the structure of the Social Security program must be changed.
Bill Richardson
Opposes Bush plan allowing workers to divert some Social Security payroll taxes into private retirement accounts.
Fred Thompson
Proposes plan to offer private retirement accounts as part of the Social Security program, and to index benefits to price inflation rather than to wages. Will not cut benefits for those now over the age of 57. Voted in favor of using budget surplus funds to create a private savings account program as a supplement to Social Security.
Home  |  World  |  U.S.  |  Politics  |  Entertainment  |  Health  |  Tech  |  Travel  |  Living  |  Business  |  Sports  |  Time.com
Podcasts  |  Blogs  |  CNN Mobile  |  Preferences |  Email Alerts  |  CNN Radio  |  CNN Shop  |  Site Map
© 2007 Cable News Network LP, LLLP. A Time Warner Company. All Rights Reserved.