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Thursday, January 20, 2005
Grassley: "We might fail" on Social Security
Two key Republicans in the House -- House Ways and Means Committee Chairman Rep. Bill Thomas (CA) and Rep. Jim McCrery (La.), chairman of the Ways and Means subcommittee on Social Security -- have signaled this week a disbelief that Bush's Social Security plan will ever come to fruition. Now a powerful voice in the Senate has joined them. The Des Moines Register's Jane Norman reports:
A revamp of Social Security that could affect the retirements and payroll taxes of millions of younger workers faces tough going in Congress, Senate Finance Committee Chairman Charles Grassley acknowledged Wednesday.The window of opportunity is quickly closing for passage of this measure and leading Republicans are rapidly abandoning ship. Things might turn around for the President soon, but I wouldn't count on it.
[...]
"We might fail," he added. "I don't think we can be held guilty if we try and fail."
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