John Thune on Social Security

Last Updated : Dec 15, 2010

Press Statement - Social Security and Individual Ideas

In February of 2005, Senator Thune released a press statement noting his disapproval of the atmosphere where individual ideas of overlooked or attacked when it comes to addressing Social Security. He notes that social security will be paying out more than it takes in by 2018.

 

Social Security on a Path to Bankruptcy

In March of 2007, Senator Thune released a press statement discussing the 2007 budget. In that statement, Senator Thune noted that a failure to address social security left the program on a path to bankruptcy.

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. John Thune voted against the legislation.

John Thune voted against 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. John Thune voted in favor of the amendment to create a reserve fund for social security.

John Thune voted in favor of the amendment to create a reserve fund for social security.

 

Sponsored and Cosponsored Legislation

This representative has not been identified as sponsoring or cosponsoring significant legislation related to this title.

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