President outlines plan shielding low earners in Social Security overhaul
President Bush endorses progressive indexing to protect low income retirees while cutting benefits for higher earners. The plan, tied to personal private accounts, would preserve benefits for the working poor and address most of the projected gap, with 70 percent relief cited by White House.
MENTIONED IN THIS ARTICLE
Washington
Bush
Robert Pozen
Massachusetts
Social Security Commission
White House
Social Security Administration
Pozen
Bush backs sliding scale Social Security plan for future retirees
In a 60 day nationwide push, President Bush endorsed a sliding scale benefit idea that would lower future retiree payments for middle and upper incomes while stressing benefits for low income seniors. Democrats denounced the move as funding cuts to middle class retirees and pressed for court confirmations and a hard stance on foreign policy topics.
MENTIONED IN THIS ARTICLE
Bush
White House
Sen
Harry Reid
Nevada
Rep
Nancy Pelosi
California
Congress
Vladimir Putin
Syria
Moscow
Iraq
Ibrahim al-Jaafari
U.S
North Korea
United States
United Nations
U.N
Also Mentioned on This Page
Social Security
The
Washington Post
Ron Edmonds
Associated Press
Richard West
Stietatenhics
America
House
Senate
John Bolton
Middletown Journal
MiddletownJournal.com
Middletown
Loca
the Journal
Nancy Nix
Oakview Drive
Midd