Press Releases

 

Entries in Social Security (38)

Saturday
Feb182012

ALG blasts House passage of payroll tax holiday, unemployment extensions

Feb. 17, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson today issued the following statement condemning House adoption of a deal to extend the payroll tax holiday, unemployment benefits, and the "doc fix" for another year without paying for it:

"This legislation the House has passed will add $165 billion to the debt over the next three years. This is simply inexcusable. They are promising partial pay-for's down the road, such that the ten year cost will supposedly be brought down to $89 billion. That's still too much. Republicans took a majority in the House promising to reduce the debt. This bill speeds up the bankruptcy of Social Security, adds significantly to the debt, and betrays the voters who demanded fiscal responsibility in 2010.

"The economy is beleaguered by excessive debt, both public and private, and we will not work our way out of this malaise with yet more debt. This legislation is counterproductive and denies the growing body of evidence that too much debt has become severely detrimental to economic growth. The spenders in Washington, D.C. are completely clueless to what ails our economy. We need new leadership."

###

Americans for Limited Government is a non-partisan, nationwide network committed to advancing free market reforms, private property rights and core American liberties. For more information on ALG please call us at 703-383-0880 or visit our website at www.GetLiberty.org.

Saturday
Feb182012

US Rep Bass Statement on Passage of Payroll Tax Cut Extension

WASHINGTON – Congressman Charles F. Bass (NH-02) issued the following statement this morning after the House of Representatives passed bipartisan compromise legislation to extend the payroll tax cut through the end of 2012.  The legislation also extends and reforms unemployment benefits and prevents a 27.4 percent cut in Medicare physician reimbursement rates by freezing rates at their current level through the end of this year.

Bass said:

“This legislation prevents a tax increase on hardworking taxpayers and ensures seniors will still be able to see their doctors by preventing a massive cut in physician reimbursement rates.  It also extends unemployment benefits for the millions of Americans who are struggling to find work in this tough economy.  We can now continue our focus on making it easier for the private sector to grow and create jobs and get our economy moving again in the right direction.

“I’m also pleased that the legislation includes provisions that I strongly support to expand broadband technology, create jobs and grow the economy, and create a nationwide network for public safety by auctioning spectrum.  This will help us meet the growing demand for mobile data and encourage innovation in technology and broadband services.

“I hope the Senate will consider and pass this legislation without delay so we can give families and businesses the certainty they need and prevent a tax increase from taking effect at the end of this month.”

http://bass.house.gov

Wednesday
Dec212011

US Rep Bass Statement on Today's House Vote on Payroll Tax Cut Bill

WASHINGTON – Congressman Charles F. Bass (NH-02) issued the following statement this afternoon after the House of Representatives voted to go to a conference committee with the Senate on the Middle Class Tax Relief and Job Creation Act. 

The Senate’s legislation would have extended the payroll tax cut, the current Medicare physician reimbursement rate, and unemployment benefits for two months instead of one year as the original House-passed version did. 

Bass said:

“Failure by the Senate to pass a year-long extension of the payroll tax cut and negotiate with the House on a long-term solution is another example of the partisanship and gridlock in Washington that New Hampshire citizens have grown to detest.  The American people expect and deserve the certainty that a year-long extension of these important programs would bring. 

“While I prefer a longer-term solution, had it come up as a vote today, I would have voted for the Senate’s two-month extension to ensure New Hampshire families won’t see their taxes increase on January 1st.  It’s unfortunate that Senate Majority Leader Harry Reid is playing political games and refuses to bring the Senate back into session to work on this issue.  But a two-month extension is better than none at all and would give the House and Senate some more time to work out differences in January and February. 

“I recognize this debate is not over.  The last thing we need is a tax increase on middle class workers in a tough economic environment on January 1st or any point next year as it will only stall our recovery and make it harder for the private sector to grow and create jobs.  I hope the House and Senate can come to an agreement, even if it means coming back into session, so Americans won’t see their taxes go up or their unemployment benefits run out in less than two weeks.”

http://bass.house.gov

Wednesday
Dec142011

U.S. Rep. Frank Guinta votes to protect NH families from a payroll tax hike

(Washington – December 13, 2011)   U.S. Representative Frank Guinta sided with hardworking New Hampshire families on Tuesday and voted with the majority in favor of H.R. 3630, the Middle Class Tax Relief and Job Creation Act of 2011.  It passed in a bipartisan vote of 234 to 193.   The measure would, among other things, extend the payroll tax cut for another year. 

Without a Congressional extension, the cuts will expire on December 31 and the payroll tax will automatically revert to its higher level on January 1, 2012, resulting in less take-home pay for many Granite State workers.  Rep. Guinta released the following statement after the vote:

“This bill protects Granite Staters from starting 2012 on the wrong foot by being slapped in the face with a tax hike.  Food, energy and other prices are still very high, and middle-class families can’t afford to have their paycheck shrink by almost $20 every week.  I’m committed to keeping taxes low for everyone, to helping job creators expand their payrolls and to getting more Granite Staters back to work.  I call on the Senate to pass this important legislation, and for President Obama to sign it.”   

The bill now goes to the U.S. Senate for consideration.

Saturday
Oct012011

McCotter - Continuing my service to you Social Security Reform Legislation

Last Thursday I ended my Presidential bid and announced my intent to continue to serve the sovereign citizens of the 11th District in Congress.

My decision to seek the Presidential nomination was based on my belief our nation was in need of leadership based on Principled Conservatism, one which would unite, rather than divide our party and our nation in a time of great challenge. The time has come for the Tea Party and the Republican Party to come together to serve and save this great nation.  During this time, I am proud of the fact our campaign was focused on the same issues you, my fellow citizens of the 11th District are focused on.

And so, I am committed to continuing my service for you, fighting to bring common sense to Washington. At the top of my list is to create economic opportunity for all, fulfill our promises to the greatest generation, and in doing both, creating the largest reduction of government spending in world history.

This is no small feat, but to accomplish these goals, I need your help, as President Obama and his most liberal friends are lining up millions to defeat me.

At midnight tonight, the third quarter fundraising reports are due and we can send a strong message to Washington.

I know money may be tight right now, but what we must achieve for our children and grandchildren is too important to ignore. Your donation of $10, $25, $100 or more will make a differenceand I appreciate whatever you can chip in.

Now, let's get back to the largest reduction of government spending in world history.

Earlier this month I introduced legislation (H.R. 2889) designed to save the Social Security retirement and disability trust funds from insolvency, which the Social Security Board of Trustees forecasts may otherwise occur as early as 2029.

The Trustees' 2011 Annual Report projects insolvency is likely to occur in 2036 given the most reliable current assumptions.  The McCotter plan salvages both the Old Age and the Disability trust funds from that projected insolvency without reducing benefits, raising taxes, or increasing the age of retirement eligibility.

My legislation achieves this through the creation of personal savings accounts eligible for reasonably flexible investment in the free market, offered to all workers aged 50 and younger.  Participation is voluntary, and a minimum return on investment is guaranteed.

Because the personal investment accounts replace as much as 50% of each participating worker's retirement benefit, the trust funds experience significant relief as soon as the first participants commence retirement.  Benefits for current retirees will be unaffected, as will future benefits for workers above the age of 50, and those who choose not to participate.

Funding for the personal savings accounts will come not from new taxes (which the legislation specifically forbids), but from efficiencies realized by block granting specific federal programs to the states, and from savings realized from the elimination of other federal programs to be identified in companion legislation.

The Chief Actuary of Social Security has confirmed that the legislation, if implemented, would eliminate all future deficits while satisfying all current obligations.  According to former Reagan administration appointee Peter J. Ferrara (author of four books on Social Security reform), if the McCotter plan were enacted it would generate "the single largest spending and debt reductions of government in world history." The legislation enjoys the support of Americans for Tax Reform, Americans for Prosperity, and 60Plus.

Thank you for your generous contribution!

Thaddeus McCotter