John Kasich on Social Security

Former Republican Representative (OH-12); 2000 candidate for President

Personal Retirement Savings Accounts invest 2% privately

Kasich has proposed establishing Personal Retirement Savings Accounts. These accounts would provide individuals with several options for investing and would not be a substitute for Social Security, but rather an enhancement to the program that would use a portion of the surplus to fund each new account. Under the Kasich plan, Americans would direct 2% of their payroll taxes into the private sector, much the same way Federal employees direct their retirement savings into a wide range of funds. Source: www.k2k.org “On The Issues” 5/27/99 May 27, 1999

Voted YES on reducing tax payments on Social Security benefits.

Vote to pass a bill that would reduce the percentage of Social Security benefits that is taxable from 85 to 50 percent for single taxpayers with incomes over $25,000 and married couples with incomes over $32,000. The revenues that would be lost for the Medicare trust fund would be replaced by money from the general fund. Reference: Bill sponsored by Archer, R-TX; Bill HR 4865 ; vote number 2000-450 on Jul 27, 2000

Reduce taxes on Social Security earnings.

Kasich signed the Contract with America:

[As part of the Contract with America, within 100 days we pledge to bring to the House Floor the following bill]:

The Senior Citizens Fairness Act:
Raise the Social Security earnings limit, which currently forces seniors out of the workforce; repeal the 1993 tax hikes on Social Security; and provide tax incentives for private long-term care insurance to let older Americans keep more of what they have earned over the years.

Source: Contract with America 93-CWA9 on Sep 27, 1994

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Page last updated: 3/31/2008