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The Reform Proposals
By taking the first powerful step toward Social Security reform during his call to action at the State of the Union Speech in January, President George W. Bush has opened the floodgates to a host of ideas to fix the broken system. Some ideas are good, some not so good. Regardless, it is important to give credit to those political leaders and others who have been willing to step forward and offer serious proposals to fix Social Security's problems. Some would raise taxes and/or cut Social Security benefits. We disagree, yet we still salute the courage of those willing to put their ideas into debate.
The proposals discussed below take a different approach. While they vary in detail, they would all allow workers to privately invest at least a portion of their taxes through individual accounts. While the Cato Institute offers its own reform proposal (HR 530), and disagrees with some of the proposals suggested below, we believe that all deserve a fair hearing as honest brokers wrestle with the challenge of repairing this important program.
Reform Proposals Introduced During the 109th Congress
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Johnson, Flake, Feeney et al., Individual Social Security Investment Program Act (HR 530) |
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Ryan, Sununu, Doolittle and Franks Social Security Personal Savings Guarantee and Prosperity Act (HR 4851) |
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Graham, Social Security Solvency and Modernization Act of 2003 (S 1878) |
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Kolbe, Boyd, Bipartisan Retirement Security Act of 2005 (HR 440) |
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Shaw, Social Security Guarantee Plus Act of 2005 (HB 750) |
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Hagel, et al., Saving Social Security Act of 2005 (S. 540) |
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Growing Real Ownership for Workers Act 2005 |
Compare Proposals Side-by-Side
Complete Comparison (Downloadable) [MS Excel, 40 Kb]
 Printer Friendly Version
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