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Tuesday, January 18, 2005
Bill Thomas (R-CA): Bush's Soc. Sec. plan "a dead horse"
Though some believe Bush's plan to dismantle Social Security is a forgone conclusion, but as it begins to move to Congress, Republicans in both houses are becoming increasingly pessimistic about the possiblity of passage of a bill. The Washington Post's Mike Allen and Jonathan Weisman report on one such high-ranking Republican's qualms:
House Ways and Means Committee Chairman Bill Thomas (R-Calif.) predicted yesterday that partisan warfare over Social Security will quickly render President Bush's plan "a dead horse" and called on Congress to undertake a broader review of the problems of an aging nation.So what does Thomas suggest as one alternative to Bush's plan?
Thomas, one of Capitol Hill's most powerful figures on tax policy, is the highest-ranking House Republican official to cast doubt on the president's plan for creating individual investment accounts. He said that as an alternative, he will consider changes such as replacing the payroll tax as Social Security's financing mechanism and adding a savings plan for long-term or chronic care as "an augmentation to Social Security payments."
[...]
Thomas's comments, which took the White House by surprise, reflected some Republicans' view that the White House has mishandled the plan's rollout and that a fresh start is needed to allow a chance for getting Democratic support.
Speaking two days before Bush's second inauguration, Thomas said Bush's plan as it has been described "cannot, given the politics of the House and the Senate," win passage in both chambers.
Perhaps most provocatively, Thomas said lawmakers should debate whether Social Security benefits should differ for men and women, because women live longer. "We never have debated gender-adjusting Social Security," he said. A House leadership official said that not even Republicans on Thomas's committee would vote for that idea. Thomas also said the system might take into account the need of blue-collar workers to retire younger than office workers.With the GOP this divided, it's very unlikely that passage of Bush's Social Security plan will come any time soon -- if it is ever passed at all.
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