HR 1959

1	House Resolution
2	A resolution requesting the Congressional Delegation of
3	the State of Florida to oppose any increases in payroll
4	taxes or cuts to social security benefits and support
5	federal legislation that authorizes optional social
6	security personal retirement accounts.
7
8	WHEREAS, demographic changes and cost increases will drain
9	the existing social security system, and
10	WHEREAS, without significant changes to the system, costs
11	will exceed revenues starting in 2018 and the system will not be
12	able to pay any benefits by 2042, and
13	WHEREAS, not reforming the system will require a 50-percent
14	tax increase on every working American or a 30-percent benefit
15	cut, and
16	WHEREAS, allowing younger workers to invest a portion of
17	their income in personal retirement accounts will keep the
18	social security system solvent, and
19	WHEREAS, allowing younger workers to invest a portion of
20	their income in personal retirement accounts will avoid any
21	benefit cuts or tax increases, and
22	WHEREAS, allowing younger workers to invest a portion of
23	their income in personal retirement accounts will provide
24	additional savings to younger workers for greater retirement
25	security, NOW, THEREFORE,
26
27	Be It Resolved by the House of Representatives of the State of
28	Florida:
29
30	That the House of Representatives of the State of Florida
31	requests our elected Representatives and Senators in the United
32	States Congress to oppose any increases in payroll taxes or cuts
33	to social security benefits and to support federal legislation
34	that authorizes optional social security personal retirement
35	accounts.
36	BE IT FURTHER RESOLVED that copies of this resolution be
37	transmitted to the members of the Congressional Delegation of
38	the State of Florida.

CODING: Words stricken are deletions; words underlined are additions.