U.S. Rep. Trent Franks (R - AZ)

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Number of Answers Provided: 1

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  • Question:

    I want to know why congress does not eliminate the social security wage base ceiling, which is $102,000.00 for 2008. Social Security is a social insurnce program. It is not a personal savings program. By making this one change Congress coud "fix" the social security issue. This would make the program fair and equal for everyone.

    Asked by: AYL Guest. Received 2 Votes.
    Categories: Taxes.
    Answer:

    Listen to: U.S. Rep. Trent Franks (R-AZ)

    I guess I need to really look at that. That’s an interesting idea. I’m not gonna respond to that until I see whether there is any efficacy to what the person is saying, but that’s an interesting idea. I am convinced that one of the things that is necessary with social security is to make sure we stop raiding the fund first of all. And secondarily we need to allow people some flexibility, because there are only three ways to affect the ultimate pay out. That is either pay more in, or take less out, or do something different with the investment mechanism of what’s put in.

    Answered on Sep 19th, 2008 More

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