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March I t , 19?9,
low that th* Social Bsottrity aot I i
h© made to dovioo • ?l-n t!v-t MM
(1) BOOt
.
effor
for national ola o§o p-:-nsiona#
(t) BOnaH differentials in «onthi>' payB&nts in itffo»o»t parts
Of the
ttM OOtttfiUllOil principle•
(4) cntn.il I
•
OOlitoiplotsil for 194O«
Loot I
I o?fir thOBO
('-;) ac5d to 0SB0BBOT bayinp ror«r in 1340 ana thereafter.
SBOJb a plan m${il;\ latest I
};^r eritieis&is of
d pr^v^st the thre&toned deficiency in toa&tmwt vayiny po^-vr i n
imd Jfot would cost BO BOTO tlMpl tho prssfnt plan* Tne
points listt
BOt in tho follo«&ll| WE
Frovi--::a • bMic ainifflua for &11 BOTBBM
I /-five provided
t h e i r MB IMMBM fro® B9ft 99 ^roport/i oddod t o t h e i r pOBflAomj iooi
not 01000^ - rtOftl BB0QBt« TIM baolc Bilda«B ffil . #15 p • th
for ain^ls persons an<i #25 far 0OBflO0« In sozie 9t*tOO( oXoVofi
for the indigent do BOt average mor® than f4 Pv^r B0VBBB« i
OVBpM
lOVil BOBOiOB vikxn, i n 1940 softs si?, s i l l i o 1 . old
*?fosild bo bonefltt^..- QJ
i 4 to UM extent of
I " If
billion dollars t i OOBtfBOWd with some IflOOfOOO POfWM BBO would b<aiefit %
=1ftMto %k* OStOBt of f260 «illior. i
sent olcl-«,fO
assistance eystoB i a tlMlll
Ovar sad above the basic national mi' iau«» provide for oalThti
Stato ooniiibatiBBO dollar ^*or doll
to 1-5 additional for single
persons sad $7,50 for OOBB1OO« In UM vooltaior Statoi this worn]
filit BOMlOB* O1* at lOBOt $2B vnd |40 '
Stllf the swxifimsi F
i
Ian boing t
|
Contributory Principle.
b#coaiRg fdxty-fiv^ aftov foBBaty 1 | 1940 IBM :"
1 I
tax00 f
B&iftto poflodt old IB roqvloi
i mtOj will
B o l i f i o l s for ol afi OOBOfitl BBdOT .
. l#OOBt c o n U d t u i o ^ ^
mlooi boi
"o dli^ibl'v for pmsiw - . th«y oloot t
too latt«r«
Poiwlt s s l f njByloyod (inclu-iln^ favBors) to polity -~o? old
Ntoflto
r the cor.trilwlory s/Oiso hj oaylag o l affl ia^uri*nc8 STOOdUOBS tm
\
iimtsrjr
4. tyq A'.vitlon^l Ar/??ro.-;rAatlon» or Ta^*g ov*,>r
^
for l%40t
This Cftu be accomplished ey flu\kin? all ol &ge pcijB'.'4ita out of
the Ola Age IlltlW Ami « 4 asking a l l appro?ri
for ol;. ftft
5«eurlty to tbat I ^ d , There will b® RYailabli in 1940 ©vsr |^")0
la payroll tax«09 plu^ & $?S0 oillion vppr*prl*%im fof old
as8i@tstnc«* I t le estiamted that UM •••^AftSd co^t to Ibt f
g
©f the p^Miont tad the olo aft benefit* curing 1940 will
not «txoood $1>X50f0009000f and that in addition the- operation of the
plaa shoul;i result in s^so isfift^s on ^ork r*llftf«
5,
Add .^p Cgnsuag.r
«d old age inmir%nc« R«d assistance pro
proposed by tha Socisl Security Bsmra, -sill result ia a
cj net deduction froa iMfiti power of #500 Ail lion in X940<» Th
present plan T«111 &dd »om® $tX> ttilllon n&tt or a difference
#700 B U U O B ,
?lan* of ".'hich the a^ove ia a i)t«l«ton outline> ap:>oars to
\m both adKini.^trfttlv^ly M^fl Politically
@FedFRASER