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Bernie 2016
"Expand Social Security"
+
:30 TV ad run in IA and NH, announced Jan. 13, 2016.
[Music]
Sanders:
Here's
the
truth.
Some have proposed to cut Social Security for
the elderly and disabled vets.
I disagree.
In fact not only should we not cut benefits; we
should expand them.
My plan for Social Security increases benefits and
cost of living adjustments and raises minimum payments for low income
seniors. It will ensure that all seniors can retire with dignity
and respect.
Sanders
(voiceover): I'm Bernie Sanders and I approve this message.
Notes: The Jan. 13 press
release...
Sanders Puts Social Security
Challenge to Clinton
New Television Ad Released
in Iowa, New Hampshire
WASHINGTON – Sen. Bernie Sanders on Wednesday urged Hillary
Clinton
to
back a plan endorsed by leading Democrats and seniors’ advocates to
strengthen Social Security.
Sanders has introduced legislation to make the wealthiest
Americans
who
make more than $250,000 a year pay the same share of their income into
the retirement system as everyone else. Current law now caps the amount
of income subject to payroll taxes at $118,500.
Sanders’ plan is patterned after a proposal to scrap the cap
first
brought forward by President Barack Obama in 2008. Senate Minority
Leader Harry Reid of Nevada in the last session of Congress was a
cosponsor of Sanders’ legislation to scrap the cap on the payroll tax.
“I hope Hillary Clinton joins us because I believe that we’ve
got to
stand with seniors,” Sanders said. “We need not only to extend social
security benefits, we need to expand them,” he added.
Social Security is the subject of a new television ad
being released on Wednesday to stations in Iowa and New Hampshire,
where polls show Sanders gaining ground or leading Clinton. “I hope we
can keep this campaign focused on the important issues facing our
country including the economic security of seniors and disabled
veterans.”
Pressed repeatedly, Clinton has stopped short of endorsing
the
proposal. She also has left open the possibility that she would support
raising the retirement age at which seniors become eligible for Social
Security. “I would consider it,” she told a town meeting in New
Hampshire last Oct. 28.
Under Sanders’ plan, a senior making less than $16,000 a year
would
see
income go up by more than $1,300. On average, Social Security benefits
would go up by an average of $65 a month.
The measure also would increase cost-of-living adjustments.
This
year,
for only the third time in 40 years, seniors on Social Security are not
receiving a cost-of-living increase. Sanders’ legislation would
increase COLAs by accurately measuring the spending patterns of
seniors. Under current law, the consumer price index used to calculate
annual benefit adjustments does not accurately reflect how inflation in
health care costs and prescription drug prices impact seniors.
The proposal to lift the cap would raise taxes only on the
wealthiest 1.5 percent of Americans.