Stated position
Proposed creating a new government investment fund, running in parallel to (not replacing) the Social Security trust fund, seeded with an estimated $1.5 trillion up-front investment and given 75 years to grow, to keep Social Security solvent — while committing that current beneficiaries and people nearing retirement would see no change to their benefits. Bipartisan plan co-authored with Sen. Tim Kaine.
Stated position. What this official has said they believe on this issue — a sourced claim, shown distinctly from any assessment of what they did. It is never scored and never affects the Integrity Score.
Derived from a tracked promise: “Proposed creating a new government investment fund, running in parallel to (not replacing) the Social Security trust fund, seeded with an es…”
Sources
- Office of U.S. Senator Bill Cassidyhttps://www.cassidy.senate.gov/newsroom/press-releases/icymi-cassidy-outlines-plan-to-save-social-security-in-op-ed/ ↗
“We propose creating an additional investment fund — in parallel to the trust fund, not replacing it — that would be invested in stocks, bonds and other investments that generate a higher rate of return, helping keep the program from running dry.”