Hatch said he would consider raising the Social Security retirement age, and that “everything is on the table because we have to keep this program viable,” he said.
Source: CNN.com, “GOP Arizona Debates”
Nov 22, 1999
$792B tax cut does not affect Medicare or Social Security
I am weary of hearing that if we support tax relief for working Americans we somehow fail to support Social Security or Medicare. We all agree that the Social Security surplus should be reserved for the Social Security system. The big debate here today
is how do we best handle the non-Social Security surplus in the federal budget. Many have argued that $792 billion is too much. If I thought for one moment that this tax cut will would jeopardize Medicare or Social Security, I would not support it.
Source: Statement by Hatch before the Senate
Jul 29, 1999
Simplify tax code on retirement & end savings disincentives
The complex tax rules surrounding retirement savings are enough to make anyone think twice before getting into them. And we continue to penalize savings and investment. This is the wrong message to send to the American people. We should enact simple laws
with few restrictions to encourage everyone to save as much as possible. Futhermore, cumbersome pension rules act as a disincentive to all businesses large and small to offer a pension plan and scare off employees that might otherwise participate.
Source: senate.gov/~hatch “Statements”
Jun 30, 1999
Preserve Social Security fund in “Lockbox” until needed
Among my biggest priorities is ensuring the solvency of Social Security. We need more than the bandaid approach that President Clinton has offered. We need sound reform to keep this program on a secure financial footing; and that is just what we had in
mind recently when we passed the Social Security “Lockbox.” This measure sequesters all FICA funds not currently needed and preserves them intact until such time as they are necessary.
Source: Speech to the 12th Annual Utah Seniors Conference
May 10, 1999
Voted YES on establishing reserve funds & pre-funding for Social Security.
Voting YES would:
require that the Federal Old Age and Survivors Trust Fund be used only to finance retirement income of future beneficiaries;
ensure that there is no change to benefits for individuals born before January 1, 1951
provide participants with the benefits of savings and investment while permitting the pre-funding of at least some portion of future benefits; and
ensure that the funds made available to finance such legislation do not exceed the amounts estimated to be actuarially available.
Proponents recommend voting YES because:
Perhaps the worst example of wasteful spending is when we take the taxes people pay for Social Security and, instead of saving them, we spend them on other things. Even worse than spending Social Security on other things is we do not count it as debt when we talk about the deficit every year. So using the Social Security money is actually a way to hide even more wasteful spending without counting it as debt.
This Amendment would change that.
Opponents recommend voting NO because:
This amendment has a fatal flaw. It leaves the door open for private Social Security accounts by providing participants with the option of "pre-funding of at least some portion of future benefits."
This body has already closed the door on the President's ill-conceived plan for private Social Security accounts. The opposition to privatization is well-known:
Privatizing Social Security does nothing to extend the solvency of the program.
Transition costs would put our Nation in greater debt by as much as $4.9 trillion.
Creating private accounts would mean benefit cuts for retirees, by as much as 40%.
Half of all American workers today have no pension plan from their employers. It is critical that we protect this safety net.
Make no mistake about it, this is a stalking-horse for Social Security. It looks good on the surface, but this is an amendment to privatize Social Security.
Voted YES on Social Security Lockbox & limiting national debt.
This vote limited debate on the amendment offered by Sen. Abraham (R-MI) that would have created a Social Security "lockbox" and establish limits on the public debt. [A YES vote was for a lockbox]. This vote failed because 3/5 of the Senate did not vote.
Status: Cloture Motion Rejected Y)54; N)45; NV)1
Reference: Motion to invoke cloture on Amdt #254 to S. 557;
Bill S. 557
; vote number 1999-90
on Apr 22, 1999
Voted YES on allowing Roth IRAs for retirees.
Senator Roth (R-DE) offered this amendment to the IRS Restructuring and Reform Act to allow people older than 70.5 with incomes over $100,000 to move funds from an Individual Retirement Account into a Roth IRA.
Status: Amdt Agreed to Y)56; N)42; NV)2
Reference: Roth Amdt #2339;
Bill H.R. 2676
; vote number 1998-120
on May 6, 1998
Voted YES on allowing personal retirement accounts.
Vote on an amendment expressing the sense of the Senate that the Finance Committee should consider legislation to use the federal budget surplus to establish personal retirement accounts as a supplement to Social Security.
Rated 0% by the ARA, indicating an anti-senior voting record.
Hatch scores 0% by the ARA on senior issues
The mission of the Alliance for Retired Americans is to ensure social and economic justice and full civil rights for all citizens so that they may enjoy lives of dignity, personal and family fulfillment and security. The Alliance believes that all older and retired persons have a responsibility to strive to create a society that incorporates these goals and rights and that retirement provides them with opportunities to pursue new and expanded activities with their unions, civic organizations and their communities.
The following ratings are based on the votes the organization considered most important; the numbers reflect the percentage of time the representative voted the organization's preferred position.
