Republicans Still Talking Social Security Reform
November 21, 2005
Although all's been quiet on the Social Security front lately, the Republican Party might be planning to push forward reform that would likely include President Bush's controversial private accounts, according to the National Post in Washington.
Bush wants to route 4% of a worker's payroll tax into private accounts made up of stocks, bonds and mutual funds. His proposal has been roundly criticized by Democrats. But Rep. Bill Thomas (R-Calif.), who didn't include Social Security reform in his recent bill on pension reform, refuses to speak of the topic in the past tense. Instead, he recently said that Social Security reform hasn't moved as of "yet."
(c) 2005 Money Management Executive and SourceMedia, Inc. All Rights Reserved.