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Response to KMOD (Reply #31)

Tue May 19, 2015, 09:06 AM

47. Oops - looks like she walked away from raising the cap?

During her 2008 presidential bid, Clinton was relatively non-committal about reforms to the Social Security program. She said in 2007 that certain reforms such as cutting benefits, privatizing the program or raising the retirement age were "off the table." There were some articles at the time that gave mixed signals on whether she would be willing to increase payroll taxes.

One account from the Associated Press featured a conversation between a campaigning Clinton and an Iowa voter in which the candidate said she might consider committing more of workers' income to Social Security. "She told him she didn't want to put an additional tax burden on the middle class but would consider a 'gap,' with no Social Security taxes on income from $97,500 to around $200,000. Anything above that could be taxed," according to the article.

Ultimately, Clinton officially shied away from the increase in taxes, and stuck with official comments that revolved around improving the economy overall.

Source: Megan R. Wilson in TheHill.com weblog, "Clinton vs. Warren" , Aug 24, 2014
http://www.ontheissues.org/2016/Hillary_Clinton_Social_Security.htm


Also, is there anything to this comment in #41?

Last time she ran (then) Senator Clinton supported following the advice of a bipartisan commission that favored raising the retirement age.


I see remarks on the Hillary_Clinton_Social_Security.htm page by her supporting appointing a bipartisan commission, but there's nothing about her approving and enacting everything they might come up with (I searched the page for "commission". It would be a new commission (I'm rusty on my history of bipartisan commissions on Social Security and what they came up with. But I don't see anything about approving everything or anything any past commission has come up with).

All-in-all, it looks pretty wishy-washy, and I don't see any solutions to closing the funding gap except appointing a bipartisan commission, but with everything off the table, except maybe / maybe not raising the cap as in the first excerpt above.

Thanks

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