Rudy Giuliani on Social Security
Former Mayor of New York City; Republican Candidate for 2000 Senate (NY)
It’s simply not true that Clinton proposes to give out $1,000 to “everybody.” That sum would only go to those making $60,000 a year or less, and only if they also contribute $1,000 of their own to their 401(k) plans. Specifically, she proposed providing “a matching refundable tax credit for the first $1,000 of savings [in a 401(k)] done by every married couple making up to $60,000.” Money could be placed in an existing 401(k) or a new “American Retirement Account,” which Clinton would make available for those who don’t have a 401(k).
Q: What’s your plan to deal with Social Security?
A: Social Security is something we can straighten out if I get elected. We should put together 5 Democratic & 5 Republican senators and tell them, “Give me 2 or 3 options, and then we’ll negotiate it out.” And I should tell you my style of working with a legislature. I always proposed more tax cuts than I got, and I always proposed a multiple-choice list of tax cuts because I was willing to deal with a Democratic legislature and Democratic City Council. If you don’t want to lower the one I want to lower, maybe there is one you want to lower, and we can make a deal.
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Mayor Rudy Giuliani(NYC)