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Alaska covers fewer kids with public insurance vs. 2019; Judge Cannon indefinitely postpones Trump's classified docs trial; Federal initiative empowers communities with career creation; Ohio teacher salaries haven't kept pace with inflation.

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Former Speaker Paul Ryan weighs in on the 2024 Presidential election. President Biden condemns anti-semitism. And the House calls more college and university presidents to testify on handling pro-Palestine protests.

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Survey: Americans Willing to Pay to Keep Social Security Solvent

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Tuesday, November 4, 2014   

SPRINGFIELD, Ill. - A new survey from the National Academy of Social Insurance finds broad support across party lines and several generations for the value of Social Security, even when it comes to paying slightly more to expand benefits.

The survey of Americans 21 and older found three out of four "value" Social Security, with 86 percent agreeing the current program does not provide sufficient income for beneficiaries.

Stephen Gorina, a member of the National Academy of Social Insurance, says the long-standing federal program has broad support.

"Large numbers of people, including many Republicans whom you might not expect, were willing to pay a bit more to ensure Social Security is solvent well beyond the next 75 years," he says.

The study was based on an online survey conducted in June of more than 2,000 Americans aged 21 and over. Gorin says an August survey of voters found similar support.

"Of likely 2014 voters, 79 percent said they'd like to see it expanded," says Gorin. "As important as Social Security is, the benefits are not luxurious, so many people believe the benefits need to be expanded."

Gorin says the new survey also found more Americans willing to make tradeoffs to enhance Social Security, like the gradual increase of one percent over 20 years on the Social Security tax rate.

"Somebody earning $50,000 a year might wind up paying 50 cents a week more each year," he says. "That would be matched by the employer, and that would go a long way to ensuring the stability of the Social Security Trust Fund."

He says most of those surveyed want to see a package of fixes that would support and expand Social Security for 75 years and beyond.


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