Saturday, May 14, 2005

Democrat to Present SS Plan!

Democrat to break ranks, unveil retirement bill
This is interesting and refreshing -- agree or don't agree with the plan a democrat is acknowledging we do need a change in Social Security.
WASHINGTON, May 14 (Reuters) - A Florida Democratic congressman plans to unveil next week a proposal to bolster Social Security finances, in a break with his party's rejection of a White House push to revamp the retirement system.
The proposal by Florida U.S. Rep. Robert Wexler would raise taxes on those making more than $90,000 a year, with a goal of relieving expected financial strains on Social Security as the baby-boom generation retires, a spokeswoman said. Wexler is to unveil the plan on Monday at a luncheon in his district.
The move amounts to a break with Democratic strategy. The party has remained mostly unified in its refusal to take up U.S. President George W. Bush's offer to negotiate on changes to Social Security. Democrats want Bush to first abandon his drive to establish private retirement accounts within the Social Security program, and the party's leadership has shown no signs of wavering.

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