Barack Obama wants to raise taxes to solve the Social Security crisis!

On April 16, 2008, he proposed lifting the cap on Social Security payroll taxes— which would be one of the largest tax increases in U.S. history.

According to Andrew G. Biggs, a former commissioner at the Social Security Administration:

“The new Obama plan would not only fail to resolve the system's long-term problems, but would also impose significant costs on the economy as a whole.”

We can’t tax our way to prosperity or retirement security.  To fix our broken Social Security system, we need a plan that is fair and viable for workers and future retirees.

Fortunately, there is another way:  the SMART Act.

The SMART Act was introduced in the US Congress as the HR 4181, the Secure Medicare and Retirement for Tomorrow (SMART) Act of 2007.

The SMART ACT is a comprehensive solution that tackles two of the most important challenges facing America:

• Replacing the flawed pay-as-you-go Social Security system
• Simplifying Medicare and putting consumers in charge of their health care

The SMART Act ensures that:

• Workers’ contributions are protected in an account with their name on it
• All current workers (age 23 and older) have the choice between current law and the new system
• NO CHANGES from current law for today’s retirees

Does this sound better than Barack Obama’s plan to raise the cap on the payroll tax?

Help us tell Senator Obama that when it comes to fixing Social Security, he needs to consider a new, SMART plan.