Economic and Financial Security
We believe government must provide a safety net covering the basic human needs of all citizens and should work to enrich their quality of life. To fulfill this responsibility, all persons should have the opportunity to develop their talents and abilities.
We believe that every North Carolinian should have adequate food, clothing, shelter, health care, and work.
We believe that we, as a society, have a responsibility to help those persons in need: distressed families, the unemployed, the homeless, the formerly incarcerated, persons with disabilities, and those with mental health diagnoses and substance use disorders.
We should eradicate hunger.
FINANCIAL LITERACY: We believe that all families deserve the opportunity to learn the skills needed to manage their resources and credit prudently and to save and invest for life goals of home ownership, providing for the education of children, and securing a financially strong retirement.
RETIREMENT AND SOCIAL SECURITY: We reiterate our commitment to secure a healthy retirement. Individuals, employers, and government must all play a role. We support measures to preserve and protect existing public and private pension plans. In the 21st century, Americans also need better ways to save for retirement.
We support the automatic enrollment of every worker in a workplace pension plan that can be carried from job to job and support the matching of savings for working families. We believe CEOs should not be able to loot from workers’ pensions while lining their own pockets.
We believe all employees who have company pensions receive annual disclosures about their pension fund’s investments, including full details about which projects have been invested in, the performance of those investments and appropriate details about probable future investments strategies. We also will support reform corporate bankruptcy laws so that workers’ retirements are
a priority for funding and workers are not left with worthless IOU’s after years of service.
Finally, we support eliminating all federal income taxes for seniors making less than $50,000 per year. Lower- and middle-income seniors already have to worry about high health care and uncertain energy costs; they should not have to worry about tax burdens as well.
We reject proposals that would cut Social Security; we believe that it is indispensable. We will fulfill our obligation to strengthen Social Security and to make sure that it provides guaranteed benefits Americans can count on, now and in future generations. We firmly oppose the privatization of Social Security, and any and all efforts that may lead to privatization.
JOBS: We believe that all North Carolinians deserve rewarding jobs through which they can support themselves and their families. We believe that business, government, educational institutions and employees should work together as partners to ensure high paying, rewarding jobs for our people.