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What Would Bush Do?

September 22, 1999

Monday's Washington Times includes an interview with Republican presidential contender George W. Bush, in which the Texas Governor pledges to make Social Security reform a priority of his campaign.

A Bush administration would begin, he says, with the new president "calling the leaders of the Congress to lay out an agenda of why I got elected and explain to members of Congress just what I'd like to see done - we're going to take care of the elderly by reforming Social Security and Medicare."

Bush has spoken in the past in favor of Social Security reform incorporating personal retirement accounts and against any form of payroll tax increase. But now is an opportunity for him to lead by promoting personal accounts incorporating as large a share of the current payroll tax as possible.

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"Thursday's staff report 'does a terrific job of setting out both the stick and the carrot: the stick in the form of the financial crisis and the carrot in the form of a better Social Security system,' said Michael Tanner, director of the Social Security Privatization Project at the Cato Institute, a libertarian think tank that has strongly influenced the Bush administration's work in this area."

- Los Angeles Times
July 202001