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Clinton Has Flip-Flopped On Raising The Social Security Tax Cap

- October 11, 2015

On The Campaign Trail, Clinton Has Called For Lifting The Social Security Tax Cap And For Additional Sources Of Non-Traditional Income To Qualify For The Tax. QUESTIONER: "We would like to hear how you describe your plan for updating and building on Social Security." CLINTON: "…Secondly, we do have to extend the life of the trust fund and that's going to take some new funding. And I think there are a couple of potential ways of doing that. One is lifting the cap, one is applying the already existing payment requirement to more income because there's a lot of passive income that is not included in that and it's a, its again not fair that wealthy people get away with that while working people pay their share on their earned income, so we have to look at that."(Hillary Clinton, Remarks In Decorah, IA, 1/26/16)

Since Beginning Her Campaign Clinton Has "Openly Mused About Lifting The Cap On Income Subjected To Social Security Taxes." "Hillary Clinton said on Tuesday that new revenue was needed to shore up Social Security and openly mused about lifting the cap on income subjected to Social Security taxes, a position championed by Senator Bernie Sanders of Vermont." (Patrick Healy, "Hillary Clinton Says Some Americans Might Have To Pay More Into Social Security," The New York Times , 1/27/16)

  • Clinton Has Not Made Distinctions About What Income Thresholds Would Qualify For The Increased Social Security Tax Cap Or What Incomes Would Qualify For The Raised Tax Cap. "Mrs. Clinton has held the position that she would consider Social Security taxes on the wealthiest Americans, saying she might target 'some of their income above the current Social Security cap,' according to her campaign website. While she did not make the distinctions about the wealthy or 'some' income on Tuesday, a campaign spokesman said her position remains the same as stated on the campaign website." (Patrick Healy, "Hillary Clinton Says Some Americans Might Have To Pay More Into Social Security," The New York Times , 1/27/16)

In 2008 Clinton Had "Flatly Rejected Such An Increase," Disagreeing With A Plan Candidate Obama Had Put Forward To Raise The Taxable Limit. "At a town hall here Tuesday, she said she'd be open to a Social Security tax increase proposed by Sen. Bernie Sanders (I-Vt.), her radical rival in the primary. During the 2008 campaign, Clinton had flatly rejected such an increase. Her comments this week could suggest that she has warmed to the idea, or that she is responding to a broader shift to the left among Democrats." (Max Ehrenfreund and Anne Gearan, "Clinton Is Open To Raising Social Security Taxes On Six-Figure Earners," The Washington Post , 8/12/15)

  • Clinton's Flip-Flop Suggests That Is She Shifting Left To Accommodate A Changing Democrat Base. "Her comments this week could suggest that she has warmed to the idea, or that she is responding to a broader shift to the left among Democrats." (Max Ehrenfreund and Anne Gearan, "Clinton Is Open To Raising Social Security Taxes On Six-Figure Earners," The Washington Post , 8/12/15)

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