Top Three Republican Candidates Support Personal Accounts

August 20, 1999

On Sunday, August 15, Elizabeth Dole appeared on Meet the Press and pledged her support to Social Security reform featuring personal retirement accounts, though which individuals can place part or all of their payroll taxes into investments which they would own. In response to a question from host Tim Russert, Mrs. Dole responded, "I would also support, just to add this, the fact that individuals would be able to invest a certain percentage of their payroll tax in the stock market, in equities, where they'd get a greater return."

With Mrs. Dole's statement, the top three contenders for the Republican nomination for the Presidency in 2000 have now expressed their support for personal accounts. George W. Bush and Steve Forbes, the first and second place finishers in the August 14 Republican Straw Poll, have also thrown their weight behind Social Security reform featuring personal retirement accounts.

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