Latino Security
BARACK OBAMA: FIGHTING RETIREMENT SECURITY FOR THE LATINO COMMUNITY – PART 3
March 6, 2010 | 
Author Preserve Solvency of Medicare: Some 42 million Americans are served by Medicare, 3 million of whom areLatino. Ensuring the long-term solvency of the Medicare trust fund may be our toughest fiscal challenge, butBarack Obama is committed to the long-term strength of the Medicare program. Ultimately we need to reducewaste in the Medicare system and tackle fundamental health care reform across the economy. We need toimprove the quality and efficiency of our healthcare system, and put a greater emphasis on prevention.
Posted in Latino Security | 
Tags: Americans, BARACK OBAMA, care, Health, LATINO, long, Medicare Some, Obama, Preserve Solvency, program, RETIREMENT SECURITY, Some, the | 
No Comments »
BARACK OBAMA: FIGHTING RETIREMENT SECURITY FOR THE LATINO COMMUNITY – PART 2
Barack Obama will eliminate all income taxation of seniors making less than $50,000 per year. This willprovide immediate relief to 22 million American seniors who will not need to file an income tax return, and willeliminate any income tax for nearly seven million seniors at a savings of roughly $1,400 each year. For manyseniors, this will eliminate the need to hire a tax preparer, resulting in even larger savings.
Secure Pensions: Twenty-five percent of Latinas over the age of 65 live in poverty and only 26 percent of Latinas have pension coverage, compared to 39 percent of both African-American and non-Latina white women. Barack Obama will insist that companies keep the promises they made to their employees. He will amend bankruptcy laws to keep companies from filing for Chapter 11 in order to avoid their pension obligations. As a U.S. Senator, Obama worked closely with Senator Richard Durbin (D-IL) and the Association of Flight Attendants to help protect flight attendants’ pension plans during the United Airlines bankruptcy crisis. Obama also voted for new rules to force companies to properly fund their pension plans so taxpayers don’t end up footing the bill. He has also voted to shore up the funding of the Pension Benefit Guaranty Corporation, the federal agency that guarantees retirees receive at least some of their pension monies if their companies go out of business.
Posted in Latino Security | Tags: African, African American, American, Barack, BARACK OBAMA, Business, Coverage, Flight Attendants, Go, IL, Latina, LATINO, NY, Obama, Pension Benefit Guaranty Corporation, RETIREMENT SECURITY, Secure Pensions Twenty, Senator Richard Durbin, the, United, United Airlines | No Comments »
BARACK OBAMA: FIGHTING RETIREMENT SECURITY FOR THE LATINO COMMUNITY – PART 1
Protect Social Security: The Latino population is living longer and growing older. The elderly Latinopopulation is one of the fastest growing groups in the nation. Barack Obama will work to ensure that allfamilies, including Latinos, can achieve the dream of a comfortable and financially secure retirement. SocialSecurity has been one of the most successful government programs in our nation’s history, ensuring that peoplewho have worked hard all their lives can retire with dignity and financial security. Over 75 percent of Latinoseniors rely on Social Security for at least half of their income. Barack Obama believes we need to preserveSocial Security and stop any efforts to privatize it. Obama will work in a bipartisan way to maintain SocialSecurity’s solvency for future generations.
Eliminate Income Taxes for Seniors Making Less Than $50,000: Lower and middle income seniors are struggling as their expenses on health and energy skyrocket while their incomes do not keep pace. This strain has been greater since 1993, when taxes on social security benefits were raised. Millions of seniors saw their net benefits go down. Seniors also had to take on the added strain – and sometimes cost – of filing a complicated tax return. And after going through all of these complicated calculations, many seniors find that they owe little or no tax, meaning that all of the hassle was for naught.
Posted in Latino Security | Tags: Barack, BARACK OBAMA, Eliminate Income Taxes, Go, growing, Health, LATINO, Latinos, Less, Making, NY, Obama, Over, Protect, Protect Social Security The Latino, RETIREMENT SECURITY, Security, Seniors Making Less Than, Social, Social Security, test, Than, the, Top | No Comments »