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Home > Secure Our Future 2008 > Tom Tancredo
Tom Tancredo
Congressman from Colorado

"Younger workers must be empowered to invest a portion of their payroll taxes into private accounts..."

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Statements on Reform

  • "Simply ignoring the impending crisis is irresponsible. Younger workers must be empowered to invest a portion of their payroll taxes into private accounts, which will allow us to gradually move away from the current unsustainable defined benefit approach of Social Security to a defined contribution approach -- similar to 401k programs and the Thrift Savings Plan available to federal employees. Until we provide the option of personal accounts to younger workers, we will never be able to afford Americans a personal stake in their own retirement."
    - Tancredo for President
  • "There is no question that the system is broken. Projections show that by 2016, the only way to avert its collapse will be deep cuts in benefits, heavy borrowing, or substantial tax hikes. The best suggestion I have heard is to switch from a defined benefits approach to a defined contribution approach with payroll tax funded private investment accounts. These accounts would be made available to young workers and function similarly to 401Ks."
    - Tancredo for President


Congressman Tancredo with S4's Jo in D.C.

Congressman Tancredo with S4's Karen in D.C.

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