December 13, 2010
AARP: Social Security Tax Reduction Must Be Temporary
Washington— AARP Legislative Policy Director David Certner offered the following statement in response to the discussion around one of the elements of the proposed tax extension package—a one-year reduction in the Social Security payroll tax for employees:
“While no one is talking about extending the Social Security payroll tax reduction beyond one year, AARP will oppose any efforts to make this holiday permanent.
“As outlined in the current package, the short-term payroll tax reduction is temporary, and the Social Security Actuary agrees that there is no negative impact on the Social Security Trust Fund from this temporary reduction. Employees will have credit towards their benefits for their work, and people in Social Security should be confident that their hard-earned benefits will be there for them when they need them.
“As we look for ways to stabilize the economy, we must remember the importance of Social Security and focus on strengthening the program for current and future generations. AARP opposes any proposal that targets Social Security for deficit reduction, which would further erode the middle class and bring more economic insecurity for millions of Americans.
“At the same time as Congress is considering providing tax relief for millions of Americans, AARP members agree that we must protect and strengthen Social Security, Medicare and other vital programs which provide needed health and economic security.”
For more information, please visit www.aarp.org.
AARP is a nonprofit, nonpartisan social welfare organization with a membership that helps people 50+ have independence, choice and control in ways that are beneficial and affordable to them and society as a whole. AARP does not endorse candidates for public office or make contributions to either political campaigns or candidates. We produce AARP The Magazine, the definitive voice for 50+ Americans and the world's largest-circulation magazine with over 35.1 million readers; AARP Bulletin, the go-to news source for AARP's millions of members and Americans 50+; AARP VIVA, the only bilingual U.S. publication dedicated exclusively to the 50+ Hispanic community; and our website, AARP.org. AARP Foundation is an affiliated charity that provides security, protection, and empowerment to older persons in need with support from thousands of volunteers, donors, and sponsors. We have staffed offices in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.