Congressman Bob
Filner has been at the forefront of the fight
to preserve Social Security and
Medicare
for our nation’s seniors.
Congressman Filner is vehemently opposed to the
privatization of Social Security. Social Security
requires continual evaluation because of the number
of baby boomers who will retire shortly and
because of longer lifespans, but it
is not in crisis.
In fact, the Republican tax policies will cost more
than twice as much over the next 75 years as the
long-term deficit in Social Security.
If we did nothing about Social Security--and nobody
is suggesting that--but even if we did nothing, the
system would pay full benefits through the year
2041. Bob is working to craft a solution that will
extend benefits after 2041 without reducing them
significantly and without increasing payroll taxes.
In contrast, privatization--taking
a portion of the Social Security payroll tax to
allow individuals to invest in private
accounts--would cost approximately $2 trillion.
Privatization has high administrative costs and
would be at the mercy of the stock market’s ups and
downs. It would decrease benefits for disabled
beneficiaries, widows, and women. Privatization
is being pushed by Wall Street firms that, according
to the June 12, 2001 Wall Street Journal, are
raising millions to lobby for the privatization of
Social Security. We cannot gamble our retirement in
the stock market!
Because Congressman Filner believes that
privatization of Social Security would be so
damaging to America’s senior citizens, on July 25,
2001, he introduced an amendment to the Fiscal Year
2002 Treasury and Postal Appropriations Bill
prohibiting the use of taxpayer dollars to
implement the final report of the President’s
Commission to Strengthen Social Security. According
to the Los Angeles Times on July 20, 2001, this
draft Interim Report "represents an initial step in
the Commission’s strategy for generating support for
allowing workers to set up private accounts with
some of their payroll taxes." Convincing people
that the
current Social Security system is on the road to
financial ruin, the Times reported, "will put people
in a frame of mind to accept the huge shift to
partial privatization of Social Security."
Congressman Filner’s amendment was in response to
this Report.
Bob also believes that the Social Security and
Medicare Trust Fund should be used only to pay for
Social Security and Medicare benefits. Because the
President’s tax cut uses up virtually the entire
non-Medicare, non-Social Security surplus, we are
dipping into the Trust Funds to finance the Iraq war
and other programmatic spending increases.
Another issue of concern to seniors is the Notch
Baby issue. Rule changes in 1977 meant that many
people born in the 5-15 year period after 1916
received lower benefits than those of retirees born
before or after them. Bob has signed on as a
co-sponsor to a number of bills to correct this
inequity. Changes would include a lump-sum payment of $5,000
or a higher monthly payment.
Bob’s bills providing social
security and tax assistance for seniors:
-
H.R. 2127
would increase the capital gains tax exemption
on the sale of a home for citizens who are 50 or
older.
This bill would provide a one-time increase to
$500,000 for a single person and $1 million for
a couple in the amount they can exclude from the
sale of their principal residence if they are 50
years of age or older. Passing this bill would
give many seniors the additional money they need for
nursing home care, medical costs, and other
retirement expenses.
-
H.R. 2126
would provide Social Security widows’ or
widowers’ benefits for people between the ages
of 55 and 60. Currently, there is a
provision for these individuals to receive
benefits but to qualify they must be 60 years of
age. A women who has worked in the home
throughout her lifetime, depending on her
husband’s income and Social Security check, and
then finds herself widowed before age 60 must
find a way to support herself until she reaches
that age. This is difficult for older women when
they have never worked outside the home. This
bill would provide protection for these
vulnerable members of our society.
BOB'S
STATEMENTS ON SOCIAL SECURITY!
Fair Social Security for Women - May 5 , 2005
Stop Theft of
Your Social Security Numbers
- March,
2005
San Diego Seniors
LINKS Social
Security Administration
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