A blog written by Manchester College students studying the 2008 presidential campaign.

Friday, October 10, 2008

Helping the Seniors of this country

In the next couple of sentences i will show how Obama is helping the Seniors in the United States.

- Wants to get name brand drugs switched to generic brands. To help reduce the cost of the many precription drugs that Elders need to take.
- Is very against privatizing social security.
-Does not believe in raising retirement age. also does not want to cut benefits for Social Security and supports the 10.6 percent cut in medicare payments.
-Believes in giving Seniors more choices about their long-term care. Wants to also improve the quality of elder care. This would include more nurses and health care workers.
-Very strong in cutting taxes for seniors making less then 50,000 in a year. the tax break of $1,400 for 7 million seniors. This would help by relieving millions of elders from the stress of filing tax returns.
-One way that Obama believes he can strengthen Social Security is by lifting the payroll tax cap but only on earnings above 250,000.
-Urges younger worker to start saving earlier for their later years.
-Forces firms to put more money into their pension funds to make them solvent so that workers won't be left with a bunch of IOU's after many years of service.

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