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Reagan urged action on Social Security reform panel
The panel may back a mix of higher payroll taxes and smaller benefit hikes to cover a 150 to 200 billion shortfall over seven years. Greenspan and others urged a consensus approach, while Dole called for targeted reforms without cutting present benefits and suggested a six month delay to July’s cost-of-living adjustment. Armstrong warned against raising payroll taxes or using general funds.
MENTIONED IN THIS ARTICLE
Greenspan
Dole
Commission
Congress
White House
Capitol Hill
William Armstrong
R-Cole