17.1: Social Security
Protect Social Security Other Information:
Barack Obama and Joe Biden are committed to ensuring Social Security is solvent and viable for the American people, now and
in the future. Obama and Biden will be honest with the American people about the long-term solvency of Social Security and
the ways we can address the shortfall. They will protect Social Security benefits for current and future beneficiaries alike,
and they do not believe it is necessary or fair to hardworking seniors to raise the retirement age. Obama and Biden are strongly
opposed to privatizing Social Security. As part of a bipartisan plan that would be phased in over many years, they will ask
those making over $250,000 to contribute a bit more to Social Security to keep it sound. Obama does not support uncapping
the full payroll tax 12.4 percent rate. Instead, he and Joe Biden are considering plans that will ask those making over $250,000
to pay in the range of 2 to 4 percent more in total (combined employer and employee).
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