Sherrod Brown on Social Security

Last Updated : Nov 04, 2012

Summary

Senator Brown opposes the privatization of social security by allowing workers to control their own funds in individual accounts. Senator Brown has repeatedly noted that had this been achieved in 2005, many seniors who would have invested in the stock market would be much worse off now.

Senator Brown opposes raising the retirement age for social security. He was one of a few Senators to endorse a resolution to state that despite debt commission findings, they would not change social security. The resolution noted that social security has not added to the debt. Senator Brown also supported ending the Bush tax cuts for the top 2% to help pay for social security.

 

Opposition to Privatization

In September of 2008, Senator Brown noted that had social security been privatized when President Bush desired to do so, then many seniors would be worse off financially.

In January of 2009, Senator Brown spoke on the Senate floor and discussed the poor results which would have come about by allowing people to control their own money in individual accounts.

 

Social Security, Privatization, and Fiscal Responsibility

In September of 2008, Senator Brown spoke on the Senate floor on the relationship between the Social Security program and fiscal responsibility.

 

Hands Off Social Security

In September of 2010, Senator Brown signed onto a resolution with other Senators and stated that regardless of findings by a debt commission, they would not agree to cuts in social security. The resolution states that social security has not contributed to the debt.

 

The Bush Tax Cuts and Social Security

In December of 2010, Senator Brown released a press statement noting his belief that the Bush tax cuts for the top 2 percent of wage earners should be allowed to expire and that the money should be spent on social security.

 

Official Website Statements

 

 

Voting Record

Temporary Payroll Tax Cut Continuation Act of 2011

In February of 2012, the Senate voted on accepting the conference report for the Temporary Payroll Tax Cut Continuation Act of 2011. The legislation extended unemployment benefits, forced a decision on the Keystone Pipeline project, and provided for certain medicare levels. Mainly, the legislation continued the 2% employer side reduction in payroll taxes for social security. This reduction is funded by bringing money into social security from the general revenue fund, thus adding to the debt. The legislation passed the Senate 60-36. Sherrod Brown voted in favor of the legislation.

Sherrod Brown voted in favor of the legislation.

Amendment - Social Security Reserve Fund

In 2007, congress attempted to pass an amendment to create a reserve fund for social security. This action was prompted by the increasing awareness that the Social Security program may not be financially solvent in the near future. Opponents claimed that the move was an end-around method to privatize social security. The amendment was largely supported by Republicans and largely opposed by Democrats. The amendment failed in a 45-52 vote. Sherrod Brown voted against the amendment to create a reserve fund for social security.

Sherrod Brown voted against the amendment to create a reserve fund for social security.

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. Sherrod Brown voted in favor of the Comprehensive Retirement Security and Pension Reform Act of 2001.

Sherrod Brown 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. Sherrod Brown voted in favor of the Social Security and Medicare Safe Deposit Box Act of 1999.

Sherrod Brown voted in favor of the Social Security and Medicare Safe Deposit Box Act of 1999.

 

Sponsored and Cosponsored Legislation

Session-111; Bill Number-S 484; Social Security Fairness Act of 2009 - Cosponsor

Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to repeal: (1) government pension offset requirements applicable to husband's and wife's insurance benefits, widow's and widower's insurance benefits, and mother's and father's insurance benefits with respect to OASDI payments; and (2) windfall elimination requirements with respect to computation of an individual's primary insurance amount.

Session-111; Bill Number-S 484; A bill to amend title II of the Social Security Act to repeal the Government pension offset and windfall elimination provisions - Cosponsor

Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to repeal: (1) government pension offset requirements applicable to husband's and wife's insurance benefits, widow's and widower's insurance benefits, and mother's and father's insurance benefits with respect to OASDI payments; and (2) windfall elimination requirements with respect to computation of an individual's primary insurance amount.

Session-111; Bill Number-S Res 664; Opposition to Social Security - Cosponsor

Expresses the sense of the Senate to reaffirm its commitment to the Social Security program, without privatizing it, raising the Normal Retirement Age, or making other similar cuts to benefits under title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act.

Session-110; Bill Number-S 206; Social Security Fairness Act of 2007 - Cosponsor

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

References

[1] Website: The Washington Independent Article: Hands Off Social Security Author: Sahil Kapur Accessed on: 01/25/2011

[2] Website: Huffington Post Article: Senate Dem Raises Keating Five, Rips McCain On Economy, Palin Author: NA Accessed on: 01/25/2011

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