Sen. Marco Rubio, R-Fla., has introduced a plan to allow parents to withdraw from their Social Security early to spend time with their newborn children, at the cost of having to retire later, the Washington Examiner reports.
The Economic Security for New Parents Act was released Wednesday. The proposal, if passed, would be voluntary and would not increase taxes. Parents would delay the date they receive their retirement benefits for three to six months in exchange for leave.
“There’s nothing we can do for our children that’s better than allowing their parents to spend more time and be more involved in their lives, especially from their early days,” Rubio said on “CBS This Morning” Thursday.
“There is widespread agreement among the folks we have been talking with that this is the direction to go,” an aide to Rubio told the Examiner. “Sen. Rubio is getting the bill out to start the conversation. This has been a topic among Democrats and the folks on the Left, but there hasn’t been a concerted effort by Republicans.”
“If somebody has a better idea were open to it, if they have a better idea that doesn’t raise taxes we’re all open for it, but I can tell you this is a real problem,” Rubio added. “If we are serious about helping our children, it begins from the day they are born.”
“What we’re doing is giving people an option,” he continued. “No one is required to do this, but everyone will have the option of saying, ‘I’m going to take some of my benefits,’ these are your benefits, not anybody else’s, and take a portion of that earlier because I need that money now.”
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