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Presidential Candidates: Making Social Security Financially Sound

CORE VALUES

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SOCIAL SECURITY

• Harris  has vowed to protect and strengthen the program. However, there are few details as to what that would mean.

HARRIS ENDORSES THE 2024 DEMOCRATIC PLATFORM – See Below

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NOTE: INFORMATION CONTAINED IN THIS WEBSITE COMES EXCLUSIVELY  FROM THE POLITICIANS THEMSELVES,  BUT MAY INCLUDES CLAIMS FROM THE CANDIDATES THAT ARE NOT COMPLETELY ACCURATE.

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2024 DEMOCRATIC PLATFORM  POSITION: Social Security

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Guaranteeing a Secure and Dignified Retirement

Eliminate Provisions that Unfairly Reduce Public Sector Workers’ Earned Social Security Benefits

We Reject Every Effort to Cut, Privatize, or Weaken Social Security

Amending Federal Bankruptcy Laws to Protect Workers’ Earned Pensions

Create Public Individual and Pooled Retirement Account Options

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HOW THE DEMOCRATS WILL DO IT.

NOTE: INFORMATION CONTAINED IN THIS WEBSITE COMES EXCLUSIVELY  FROM THE OFFICIAL DEMOCRATIC WEBSITE WHICH MAY INCLUDES CLAIMS THAT ARE NOT COMPLETELY ACCURATE.

Secure and Dignified Retirement

GENERAL

Democrats are the party that created and strengthened Social Security, and defended public and private retirement plans that provide a decent monthly income. And we are fighting to make sure that all workers have the ability to save at work for emergencies and for retirement.

Social Security for More People

We will eliminate provisions that unfairly reduce public sector workers’ earned Social Security benefits. In light of weakened retirement security for unpaid caregivers and caregivers for family members, who sacrifice not only wages but Social Security benefits when they swap paid labor for unpaid care work, Democrats support Social Security reform which better accounts for the challenges facing unpaid caregivers—including incremental reforms to the benefit formula to mitigate the penalty for unpaid care.

No Cuts

Democrats will reject every effort to cut, privatize, or weaken Social Security, including attempts to raise the retirement age, diminish benefits by cutting cost-of-living adjustments, or reduce earned benefits. We will ensure Social Security will be there forever.

Protect Pension

We support amending federal bankruptcy laws to protect workers’ earned pensions from being taken away by employers going through bankruptcy.

Savings Programs

We support reforms that will allow states and municipalities to create public individual and pooled retirement account options that are easy for workers to access and understand.We will advocate federal legislation to make it easy for all workers to save, not just those in states or municipalities that have established their own programs. And Democrats will equalize the network of retirement savings tax breaks so that working people can build their nest eggs faster, while also providing more equitable access to these accounts through automatic enrollment and relaxed contribution restrictions for unpaid caregivers.

NOTE: To learn more and see the complete Democratic Platform, go to: https://democrats.org/where-we-stand/party-platform/building-a-stronger-fairer-economy

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OURCE: Democratic Platform – On their official website

BUILDING A STRONGER, FAIRER ECONOMY

CORE VALUES

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SOCIAL SECURITY AND MEDICARE

Fight to protect Social Security and Medicare

No cut and no change in retirement age

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2024 GOP PLATFORM POSITION: Social Security

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FIGHT FOR AND PROTECT SOCIAL SECURITY AND MEDICARE WITH NO CUTS, INCLUDING NO CHANGES TO THE RETIREMENT AGE

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HOW THE REPUBLICANS WILL DO IT.

NOTE: INFORMATION CONTAINED IN THIS WEBSITE COMES EXCLUSIVELY  FROM THE DONALD TRUMP WEBSITE WHICH MAY INCLUDES CLAIMS FROM THE CANDIDATE THAT ARE NOT COMPLETELY ACCURATE.

Our Commitment:

President Trump has made absolutely clear that he will not cut one penny from Medicare or Social Security. American Citizens work hard their whole lives, contributing to Social Security and Medicare. These programs are promises to our Seniors, ensuring they can live their golden years with dignity. Republicans will protect these vital programs and ensure Economic Stability. We will work with our Great Seniors, in order to allow them to be active and healthy. We commit to safeguarding the future for our Seniors and all American families.

NOTE: News outlets have said that Trump is open to cuts in Social Security but there is no evidence that he ever made such a claim.

Protect Social Security

Social Security is a lifeline for millions of Retirees, yet corrupt politicians have robbed Social Security to fund their pet projects. Republicans will restore Economic Stability to ensure the long-term sustainability of Social Security.

Strengthen Medicare

Republicans will protect Medicare’s finances from being financially crushed by the Democrat plan to add tens of millions of new illegal immigrants to the rolls of Medicare. We vow to strengthen Medicare for future generations.

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NOTE: INFORMATION CONTAINED IN THIS WEBSITE COMES EXCLUSIVELY  FROM THE OFFICIAL TRUMP WEBSITE,  BUT MAY INCLUDES CLAIMS FROM THE CANDIDATE OR GOP THAT ARE NOT COMPLETELY ACCURATE.

SOURCE: https://www.presidency.ucsb.edu/documents/2024-republican-party-platform