Social Security Turns 70
President Bush and House Republicans have yet to build a groundswell for shifting a portion of Social Security payroll taxes to individual accounts for younger workers. Whatever returns these investment accounts earn would supplement future benefits.
Mr. Bush's proposal for addressing a looming insolvency in the government retirement program by trimming future benefits for high and middle-income earners also has yet to get traction.
Interest groups and lawmakers on all sides are using the program's 70th anniversary Sunday as an occasion to kickstart a debate begun last winter when Mr. Bush made Social Security the centerpiece of his State of the Union address. That debate had faded by summer, but House Republicans still hope to vote on some version of the revisions this fall.
comments powered by Disqus
- Historian author Antony Beevor says his new World War 2 book may anger Americans
- Ron Radosh and Allis Radosh plan to defend Warren Harding in a new book
- Historians tackle America’s mass incarceration problem
- Report: Russian studies in crisis
- Ken Burns: Donald Trump’s birtherism — a “politer way of saying the ‘N-word'” — proves America isn’t remotely “post-racial”