Tim Kaine on Social Security

Democratic Senate Challenger; previously Governor

Fight against any privatization proposals

On Social Security, Allen suggested a gradual age adjustment for people younger than 50, meaning a longer wait before being able to receive benefits. Allen also wants an income level component, which would limit how much wealthier people receive.

Kaine asked Allen if he would finally agree that privatizing Social Security was a bad idea. Allen stated that in addition to his age and income adjustment proposals, he would be looking for new options for people to provide for themselves in their retirement years. Kaine countered that he believes Allen still agrees with supporting the privatization of Social Security. Kaine said he would fight against that proposal.

Source: WSLS-TV-10 on 2012 Virginia Senate debate , Oct 18, 2012

Lift the payroll tax cap

On Social Security, Allen said he favors raising the retirement age and eliminating Social Security benefits for "people making a million dollars." Kaine said he wants to lift the payroll tax cap--which would force wealthier people to pay more into the system. Source: Washington Post coverage of 2012 Virginia Senate Debates , Jun 28, 2012

No dangerous privatization schemes for Social Security

All four GOP candidates said Social Security should be preserved, but outlined different approaches to keeping the trust fund solvent. Allen said he would oppose tax increases, but consider other options, such as increasing the retirement age for future recipients born after the 1960s. Radtke said individuals should have private alternatives to Social Security.

Kaine's campaign said the debate underscored clear differences between the Democrat and Republican hopefuls. A Kaine spokeswoman said, ""The approach the Republican candidates advocate would devastate federal investments in education, defense, and infrastructure that bolster and grow Virginia's economy. Their calls for dangerous privatization schemes for Social Security and Medicare would jeopardize a generations-long guarantee of retirement security.

Source: The Virginian-Pilot? on 2012 Virginia Senate debate , Apr 29, 2012

Adamantly opposes privatization of Social Security

I oppose efforts to privatize Social Security because they would leave our seniors vulnerable to volatile markets, and many such proposals would also directly remove funding from Social Security. We have to have programs that people can count on as they contemplate their retirement years. Instead of talking about dismantling Social Security, I will work to find common ground on reforms and adjustments that preserve the long-term integrity of the program. Source: 2012 Senate campaign website, www.kaineforva.com , Apr 25, 2012

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Contact info: Campaign website: www.kaineforva.com Email: team@kaineforva.com Mailing Address: PO Box 12307, Richmond, VA 23241 Phone: 804-819-1919

Page last updated: Apr 23, 2013