|
|
|
|
Social Security
To help shore up the system, McCain favors individual accounts and reducing benefit growth. Obama prefers to raise taxes.
· Supplement Social Security benefits with individual investment accounts.· Prefers slowing the growth in benefits to raising taxes.
"...You have to go to the American people and say...we won't raise your taxes. We need personal savings accounts, but we [have] got to fix this system." -- McCain*
· Opposes individual investment accounts.· Against raising retirement age.
· Favors increasing the amount that workers making $250,000 or more pay into the system. Considering plan to tax income over $250,000 at between 2% and 4% - half of which would be paid for by the employee and half by the employer.
"We will not privatize Social Security, we will not raise the retirement age, and we will save Social Security for future generations by asking the wealthiest Americans to pay their fair share." -- Obama**
NEXT: Medicare
Last updated October 29 2008: 12:15 PM ET
RSSSource:
*Oct. 21, 2007, GOP Debate, Orlando, Fla.
**June 9, 2008, Speech, Raleigh, N.C.
*Oct. 21, 2007, GOP Debate, Orlando, Fla.
**June 9, 2008, Speech, Raleigh, N.C.
More Galleries
Homeowners in trouble are having mixed results applying for President Obama's foreclosure prevention plan. CNNMoney.com readers tell us their tribulations and triumphs trying to get their loans modified or refinanced. More
Amid the Great Recession, these companies are growing fast by offering services buyers can't go without -- like life-saving medical breakthroughs. More
We check back in with several of last year's FSB 100 companies to find out if their torrid growth has continued. More
Special Offer
© 2009 Cable News Network. A Time Warner Company. All Rights Reserved.
Terms under which this service is provided to you. Privacy Policy
Live Quotes automatically refresh, but individual equities are delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET.
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
* : Time reflects local markets trading time. † - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Disclaimer
| Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use. Intraday data is at least 20-minutes delayed. All times are ET. Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data. Fundamental data provided by Morningstar, Inc.. SEC Filings data provided by Edgar Online Inc.. Earnings data provided by FactSet CallStreet, LLC. |
