Bush Seeks to Regain Momentum on Soc. Sec., Taxes

WASHINGTON -- At an appearance at a nuclear power plant on Wednesday, President Bush talked about two areas of his struggling domestic agenda: Social Security and changes to the tax code, The New York Times reported.

"I cannot travel our country looking at young workers who are paying payroll taxes into a system that I know is going broke," Bush told workers at the Calvert Cliffs Nuclear Power Plant in Lusby, Md.

Turning to the centerpiece of his plan to overhaul the retirement system, he said, "I believe younger workers ought to be allowed to take some of their own money, if they want to, as a part of a Social Security system, and set it up in a conservative mix of bonds and stocks, or only bonds, or whatever you choose to use."

Bush also called again Wednesday for simplifying the tax code. "It does not reward entrepreneurship; it's unfair," he said.

-- NYSSCPA.org News Staff

Posted on 6/22/05