Social Security
Social Security is one of the most successful and important government programs ever enacted. For well over 75 years, Social Security has been giving seniors and their families peace of mind and economic stability. Congressman Scott is adamantly opposed to cutting Social Security to balance the budget or offset the cost of tax cuts. Congressman Scott knows that Social Security does not add a single penny to our nation's budget deficit and believes that any discussion to reform Social Security should be for the benefit of Social Security alone, not to offset the costs of unaffordable tax cuts or to reduce the budget deficit. In Congress, Congressman Scott has opposed efforts to change the cost-of-living-adjustment formula from the current formula to a "chained-CPI" formula. Congressman Scott has also cosponsored legislation that would phase out the Social Security payroll tax cap, currently at $113,000 for 2013, to ensure that wealthy Americans contribute more to the program to extend its solvency. More importantly, Congressman Scott supports legislation that would improve Social Security benefits by using a cost-of-living-adjustment formula that actually keeps pace with the costs of consumer goods that seniors use more regularly than other Americans – the cost of health care.
Important Social Security Information