Declared 2012 Republican Presidential Candidate
Former Speaker of the House
Newt Gingrich
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Gingrich Position on Social Security
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• Gingrich thinks that Social Security has been looted and must be protected.
• He would modernize it with personal Social Security savings accounts.
• He advocates converting it to an IRA type system.
• Gingrich would reduce taxes on Social Security earnings.
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Declared 2012 Republican Presidential Candidate
Career Flight Attendant
Tom Miller
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Miller Position on Social Security
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• Miller will offer a voluntary opt-out of Social Security to all American citizens. Those who choose to leave the program will have their money returned back to them.
• Those who choose to remain or are unable to choose will be provided all of the benefits that they have been promised.
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Declared 2012 Republican Presidential Candidate
Former Governor of Massachusetts
Mitt Romney
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Romney Position on Social Security
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• Mitt Romney has refused to raise taxes as a means for enhancing the social security fund because according to him this would only slow down the economy. He believes that social security can be balanced through measures like encouraging people to invest in personal accounts, changing the retirement age and calculating benefit for wealthy Americans on the basis of Consumer Price Index.
• Mitt Romney has stated that he would excuse any individual over 65 years of age from Social Security taxes as not only would it encourage people to keep working but would also ensure the continued growth of the economy.
• Mitt Romney has taken the stand that he is against cutting benefits for low-income Americans, in favor of tying Social Security benefits to prices and also in favor of bringing together various groups of people to work out a solution to control the rising costs of Medicaid and Medicare.
• Mitt Romney has expressed support for Obama's proposal putting the money attached to Social security in private accounts and has also suggested extension of retirement age and base indexing on prices rather than wages.
• Mitt Romney is of the opinion that Social security and Medicare are two sectors which are in dire need of reforms and restructuring and the only way to achieve this would be for all political parties to sit together behind closed doors and have a comprehensive discussion without letting things get out of control.
• According to Mitt Romney, not only should the political parties be mindful of the expectations of the present recipients but should also take into account the future.
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Declared 2012 Republican Presidential Candidate
Matt Snyder
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Snyder Position on Social Security
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Snyder believes that the only flaw with the current Social Security system is Congress’ ability to get their hands on the money that goes into it. It is not unreasonable to raise the retirement age to reflect modern life-spans. Snyder is open to reasonable plans including options in lieu of full payment/full benefits system of today.
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Declared 2012 Republican Presidential Candidate
Businessman
Vern Wuensche
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Wuensche Position on Social Security
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• Vern Wuensche believes that those 55 and older should not have their benefits tampered with.
• Wuensche believes that those under 55 should be allowed to invest a portion of the payroll taxes in a menu of investment options. Most of the profits from this would go to the investor’s retirement fund but a portion would go to help reduce the present shortfall in our system.
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