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Social Security

Social Security is not a self-sustaining program. The current generation is paying for the previous generation’s benefits. That does not mean that the previous generation did not pay into that program, but they are sometimes getting back more than they paid into it.

I would like to see Social Security transition to a system in which part of that tax is devoted to investments to be chosen by the taxpayer. That change would move the program in the direction of self-sufficiency.

However, I support changes to pay for future obligations. I support examining an increase in the full-benefits retirement age and increasing the cap on the payroll tax.


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