Steve Chabot on Social Security

Last Updated : Feb 21, 2012

Campaign Website Statements

Protecting Social Security

Social Security provides critical benefits to more than 50 million Americans and I firmly believe that these benefits must be protected. That is why I am against the privatization of Social Security as well as any cuts to our Social Security program. Unfortunately, the Democrats' big-spending agenda is threatening the solvency of our Social Security system. In 2009, the Social Security trustees predicted that Social Security would start paying out more in benefits than it collects in taxes in 2016. Though this is a grim forecast, cutting benefits is not an option that I would support.

One of the biggest problems is that the money taken out of a person's paycheck for Social Security is spent by Congress on other things. That's why I co-sponsored the "Social Security Preservation Act" which would have required that every penny taken out of a person's paycheck for Social Security, could only be used for Social Security, and nothing else. 

Voting Record

Comprehensive Retirement Security and Pension Reform Act of 2001

In 2001, the House voted on a bill that would raise the amount individuals may contribute to traditional and Roth Individual Retirement Accounts and to 401[k] plans and make pensions plans more portable. The bill passed the house in a 407-24 vote but was altered in the Senate. Steve Chabot voted in favor of the Comprehensive Retirement Security and Pension Reform Act of 2001.

Steve Chabot voted in favor of the Comprehensive Retirement Security and Pension Reform Act of 2001.

Social Security and Medicare Safe Deposit Box Act of 1999

In 2000, the House voted on a bill that would make it out of order to consider a budget that set forth an on-budget deficit for any fiscal year for either the overall budget or social security. In other words, the government could not go into a year with a budget that it knew spent more money than the government took in. The bill failed in a 205-222 vote. Steve Chabot voted against the Social Security and Medicare Safe Deposit Box Act of 1999.

Steve Chabot voted against the Social Security and Medicare Safe Deposit Box Act of 1999.

 

Sponsored and Cosponsored Legislation

Session-110; Bill Number-H R 82; Social Security Fairness Act of 2007 - Cosponsor

To amend title II of the Social Security Act to repeal the Government pension offset and windfall elimination provisions.

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